10-K FY 2022 FINAL MOOG Inc - Flipbook - Page 6
Table of Contents
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. In response
to employee feedback and in acknowledgment of the changing landscape brought about by the global pandemic,
Moog has been piloting a variety of flexible working arrangements, including remote work and hybrid working
schedules. We are implementing these changes in a way that allows our employees to collaborate and innovate in the
Moog Way that has made us so successful to date.
We see our positive employee engagement coming through in high levels of employee retention. For the last four
years, the average of voluntary attrition has been just below 8% of our workforce. That is a competitive attrition figure
and a testament to Moog being a great place to work.
Leadership Development and Training
At Moog, we believe that the best leaders are the ones who come from within. These leaders learn with us, grow with
us, and reach their potential through challenging job and deliberate learning experiences we provide. Moog's
leadership development strategy is to aid in the growth of its leaders at the various stages of leadership. At the
foundation of these stages is our Moog Values, Moog Leadership Qualities and our Business Strategy and Processes.
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