In fiscal 2020, we introduced new core HR programs (grading program, development and evaluation program, compensation programs). From fiscal 2019, we have worked to enhance people’s understanding of these programs through briefings. And, in fiscal 2020, on our in-house portal website, we uploaded videos carefully explaining the grading program and the development and evaluation program. We then conducted a follow-up on the comprehension of the HR programs.
The new development and evaluation systems are designed to enable employees to continuously grow through comprehension of the significance of their evaluations. Each evaluation comprises an “competency evaluation” of the employee’s work attitude and level of competency demonstrated and a “performance evaluation” that considers the employee’s contribution to and/or achievement of objectives. In interviews with their superiors, employees confirm targets set, level of achievement, and abilities to be developed. The evaluation results connect to further growth and are reflected in compensation (pay and bonus) and personnel assignments and transfers. Evaluations are conducted once a year, and an interim interview is conducted during the fiscal year, providing opportunities for employees to work with their superiors to confirm their progress.
The compensation systems are designed to enable employees to work with a sense of security and acceptance. They comprise basic pay, which is stably provided for demonstrated abilities, bonuses for previous fiscal year results and contributions (based on goal accomplishment), and various allowances This is based on the concept of respect for each employee’s lifestyle and values along with a desire for the happiness of their family.