FY2021 10-K Document - FINAL 11 15 21 - Flipbook - Page 6
Table of Contents
Diversity, Equity and Inclusion
Moog aspires to be diverse, equitable, and inclusive, where employees are empowered to bring their whole, authentic
selves to work every day. We believe being diverse, equitable and inclusive is better for all of our employees,
customers and shareholders.
During 2021, we rolled out a new Diversity, Equity and Inclusion strategy. In support of this strategy, we:
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Conducted a variety of learning programs to help our employees understand the value of inclusivity, the very
different experiences people have, and the role we all must play in creating an inclusive and welcoming
environment at Moog.
Honored employees from different backgrounds and helped increase understanding through a variety of
monthly celebrations, including, but not limited, to Black History Month, International Women’s Day, and Pride
Month.
Piloted Employee Resource Groups ("ERGs"). Our ERGs are voluntary, employee-led, corporate-supported
groups that are organized primarily around a defined characteristic, special interest, or life experience. This
year we supported the formation of ERGs to better enable women and gender equality and to support our
black employees.
At Moog, we are pleased that 33% of the executive team and 29% of our independent directors are female. Having
said that, we are continuously striving to ensure the diversity of our organization more fully represents the diversity of
the communities in which we operate.
Compensation and Benefits
Moog works to maintain compensation, benefits and rewards programs that enable us to attract, retain, motivate, and
reward employees for their contributions to company performance. Our compensation and rewards programs are
linked closely to our values of We Are All In This Together, We Try Harder, Competence Is King and Performance
And Commitment Should Be Rewarded.
Moog is committed to providing comprehensive benefit options that reflect the differing priorities and needs of our
sites globally, governed by an intent to offer plans that will allow our employees and their families to live healthier and
more secure lives.
In addition to traditional employee benefits, Moog has a number of innovative initiatives to support the well-being of
our employee base, including onsite wellness clinics at a number of locations, online tools that assist employees with
their physical and mental health, special events with outside vendors and participants focusing on employee wellbeing and much more.
Health and Safety
Maintaining a safe and healthy work environment is a key priority and a responsibility for all of our employees. At
Moog, we embrace a continuous improvement approach with regard to our global Environment, Health & Safety
("EHS") culture. All Moog businesses strive to operate in a responsible manner that demonstrates our commitment to
the health and safety of our employees, customers, suppliers, communities and the environment. Our commitment
will not be compromised. We expect our employees, visitors and service providers to follow our EHS standards and
practices. We regularly conduct training for all of our employees and work hard to learn lessons from every incident.
Additionally, we measure and review our EHS results continuously in each location.
Employee Engagement and Retention
Moog is deeply committed to continuously evolving into an even better place to work. We're built on a strong
foundation of mutual trust and the premise that we must engage with employees at different levels to empower our
people, enable progress and align efforts.
Moog employs a variety of mechanisms to collect and respond to feedback from our employees. We conduct a regular
employee engagement survey. We also leverage focus groups and listening sessions to solicit feedback.
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