Empowering Team Members, Strengthening Communities
The talent, ambition and expertise of Parker team members is a powerful resource. By focusing their efforts through High Performance Teams and embracing an ownership mentality, team members drive our company forward and provide the foundation for sustained success.
In turn, Parker is committed to workplace safety and providing team members the resources, flexibility and autonomy to thrive both personally and professionally, and make a positive impact in the lives of those around them.
Safety
Safety is our highest priority. We have reduced our Recordable Incident Rate by 45% and our Lost Time Incident Rate by 29% through 2023[RT1] . We intend to reach our goal of achieving zero recordable incidents by 2030 through our continued focus on team member engagement along with having strong systems and procedures in place.
Engaged People
We strongly believe in empowering our team members to think as owners and take action to improve their areas of the business. Parker activates engagement through HPTs, which apply the expertise and perspective of team members who are closest to the product and customer to drive improvement throughout the company. Our 2022 survey achieved a 91% reponse rate with an overall engagement score of 73%, ranking within the top 8% among our proxy peers.
Diversity, Equity & Inclusion
Together, We Are Stronger
Parker believes that our differences strengthen us as a company and that the highest performing teams are those that welcome and respect unique perspectives. We empower people from diverse personal and professional backgrounds to enable us to solve problems more effectively and continuously improve processes across our operations.
We are focused on how to best:
- Attract and develop diverse team members
- Design education and awareness opportunities
- Define sustainable progress measures in fostering an inclusive culture
We use global HPTs to enrich the experiences of all Parker team members through shared learning while developing the next generation of leaders:
Career Dialogue: Focuses on engagement, aspiration, ability and interest in seeking new job opportunities. Our team members have completed more than 18,500 Career Dialogues since the program launched in FY23.
Inclusion Leadership Series: Aims to enhance inclusive leadership skills across the company. Through a phased approach, our goal is to empower all Parker leaders to apply key learnings in their roles. More than 1,300 leaders completed the Inclusion Leadership Series in FY24.
Social Responsibility
Parker’s strategy empowers team members to make a difference in the places we call home. With support from the Parker Foundation, team members maximize their impact through four key programs:
- Volunteers: In FY24, team members (more than 3,000 in 20 countries) performed roughly 15,000 of community service; a 50% increase from FY23.
- Grants: Our Grant Program now reaches 39 countries. About $8.5 million in grants were disbursed to local charitable causes in FY24, a 20% increase from FY23.
- Matching Gifts: In FY24, Parker extended team member giving by awarding roughly $1.2 million in matching gifts.
- Disaster Relief: We provide support to our team members and communities following natural disasters and other catastrophic events. In FY24, Parker contributed more than $300,000 including in-kind matches and emergency grants.
Equal Employment Opportunity Report
Review our Equal Employment Opportunity disclosure chart, which contains data from USA Parker Team Members' voluntarily self-identification as of Dec. 31, 2023.
Team Member Experience
Parker has a well-defined talent development program managed through our catalyst Talent Central system that connects all business units on a common platform and provides visibility to skill development, career planning and learning opportunities.
Our annual review process facilitates the identification of key talent and allows us to build meaningful development plans and align career growth opportunities, including robust succession planning for leadership roles.