How does it feel to be part of the only independent manufacturer of composite wind blades for the wind energy market? Exhilarating, engaging and extremely satisfying, all at the same time. We’re the future of renewable, sustainable energy. We’re on the cutting edge of our industry. And we’re growing at a rapid pace. There could not be a better time to join our team and help us shape the future.
Teamwork is essential to our success at TPI. Not only the success of creating a quality product together, but the success of creating a culture where every associate has a true sense of belonging and the opportunity to grow their career. With the diversity we have at our Company, we can leverage the skills, ideas, and solutions our associates bring, to achieve our goals and promote TPI as an employer of choice.
Our associates are at the center of all we do. They are continuously displaying their dedication to the Company and our core values – Safety, Operational, Excellence, Commitment, Integrity, and Leadership. Our associates bring these values to life by applying their diverse backgrounds and skill sets to everyday actions, demonstrating high discretionary effort, and embracing our Values in Motion program.
Listening to Our Associates
Creating a positive and enduring associate experience is a key component to building an inclusive culture. Nothing outweighs the importance of our associates and the consistent feedback they provide to help pave the path to the culture we want at TPI. Annually, TPI conducts an engagement survey, providing an anonymous platform for all associates to give feedback. Additionally, we implemented a Continuous Listening strategy, which aims to elicit associate feedback monthly. Through the use of both feedback mechanisms, our aggregated participation rate was 97% and we received more than 97,000 associate comments. By listening more, our leaders can take quicker and more meaningful actions to better engage our associates.
Our leadership team considers associate engagement a top priority and that our action plans are positively impacting our associates. Our engagement strategies directly help reduce associate turnover rates in each country which are at or below their respective geographic averages.
Our regional human resource teams and external partners help ensure we maintain compliance with all current labor standards and strong relationships with our labor unions. At all levels of leadership, we have provided training to foster positive labor relations and develop action plans to address changes as needed.
Our organization’s base compensation is established by benchmarking the position to the market median utilizing salary surveys from qualified data sources that provide local, regional, and national data on salaries earned in similar positions to TPI. TPI sponsors a review of fair pay practices annually. We utilize disparate impact analysis globally. Disparate impact analysis is a process by which companies ensure that there are no unintended differences in base compensation between associates in the same job. This review is conducted by a third-party law firm. As part of this review, we look at the pay equity between our male and female associates as well as differences between ethnic groups in the United States. The results of the 2022 review showed that we do not have statistically significant gaps in pay in the groups reviewed. Regarding additional benefits, all associates are covered either through social programs or TPI in alignment with the market. Additionally, several of our locations provide medical services through on-site doctors, food services through cafeterias, and transportation services to the facilities.
We also provide regular performance feedback throughout the year for our associates, in addition to managing our annual formal performance review process. TPI’s Global Leadership Team has variable performance-based components to pay such as annual bonus and equity incentives. In addition, all manager-level associates and above have a variable incentive as part of their annual compensation. All incentive plans include a weighted measurement for safety, sustainability, IDEA, quality, growth, and profitability.
The passion, commitment, and resilience of our associates is critical in helping us achieve our vision to lead the energy transition through advanced technology and innovative solutions.