Joining inclusion Eaton Resource Groups (iERGs). These eight groups build cultural competency, engage in business projects and get involved in talent initiatives. In 2023 they grew from 15,700 members to more than 16,100. They also helped Eaton attract talent, with 25% of referrals for new hires coming from iERG members. Internally, they held more than 5,000 hours of learning events, engaging employees worldwide.
We stand firm in our commitment to hold sustainability at the core of everything we do. We’re supplying products and technology for a rapidly changing world that requires smarter, more efficient and more sustainable power management solutions. Our solutions are accelerating the electrification of vehicles, airplanes, buildings and communities, and enabling our customers to achieve their ambitious sustainability goals. We’re meeting the exponential growth in society’s demand for software, data and intelligent insights with our digital solutions. And internally, we’re doing our part to reduce greenhouse gas emissions, in line with climate science.
Regularly asking our employees to make their voices heard through our Global Employee Survey. And we believe if we ask, we should act! Feedback from our survey has improved the employee experience in many ways, including our investment in technologies and resources that support skill development and career advancement. In 2023, 86% of employees who participated in our survey said they were proud to work at Eaton! Another way employees can connect and be heard is through our listening circles. These small spaces across Eaton enable employees to respond to current events by sharing their feelings and supporting each other in a safe setting.
Offering a well-being strategy built on 3 pillars: mental, financial and physical health. We also offer 1,500+ online and instructor-led courses through Eaton University, our internal continuing education center. Our Stretch Assignment Marketplace (SAM) program provides development opportunities worldwide where employees work on Eaton projects while learning and networking. We also offer a mentorship program, along with healthcare/retirement savings programs, Care.com services and tuition assistance for ongoing learning and development.
We aspire to ensure their health, wellness, and safety; to be a model of inclusion and diversity in our industry, to improve our communities, and to serve as active stewards of the environment. We also provide flexible work options, assure fair pay, and offer many opportunities to advance. Plus, what we do improves safety, reliability, efficiency, and sustainability in ways that matter to our employees, customers, shareholders and communities.
Ally Advocacy Circles, introduced by our WAVE (Women Adding Value at Eaton) iERG. This series of small, gender-balanced conversations promotes active listening and builds foundational knowledge on the most common types of bias against women and ways to address them. In 2023, we hosted 238 circles in 13 languages for more than 1,400 employees. Because Eaton is committed to equal opportunity, we have a dedicated team that looks at pay data and our compensation programs, policies and practices to ensure employees are paid fairly.
Committing Eaton to the Catalyst CEO Champions for Change Initiative and signing the I ACT ON pledge. In 2021, he also worked with the Business Roundtable to launch the Second Chance Business Coalition (SCBC) to improve access to employment and advancement for people with prior criminal convictions. The SCBC has since grown from 29 to 49 Fortune 500 member companies in 2024.
Our online E-STAR program recognizes and celebrates employees who help us achieve our aspirational and financial goals or demonstrate actions and behaviors representing our culture and values. More than 700K E-STAR awards were given in 2023, and we know that giving and receiving E-STARs increases a person’s likelihood of staying at Eaton. In 2023, we also saw an increase in the use of the Ethics & Integrity reason, with 4,132 awards issued. This marked a 42% increase from the year before. In addition, we offer paid time off for vacations, sick days and holiday observances, as well as additional pay and time off for overtime work; donation-matching; recognition programs for a range of achievements, a referral program with rewards for finding the right candidate and competitive compensation packages that reward skills and performance.
Eaton is an intelligent power management company dedicated to protecting the environment and improving the quality of life for people everywhere. We make products for the data center, utility, industrial, commercial, machine building, residential, aerospace and mobility markets. We are guided by our commitment to do business right, to operate sustainably and to help our customers manage power ─ today and well into the future. By capitalizing on the global growth trends of electrification and digitalization, we’re accelerating the planet’s transition to renewable energy sources, helping to solve the world’s most urgent power management challenges, and building a more sustainable society for people today and generations to come.
Eaton was founded in 1911 and has been listed on the New York Stock Exchange for more than a century. We reported revenues of $23.2 billion in 2023 and serve customers in more than 160 countries.
1000 Eaton Boulevard, Cleveland OH 44122
Electronic Manufacturing
Craig Arnold
10000 +
