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Recognition is great, but it's the (TimkenSteel) experience that matters

ERGblogphotoWhen TimkenSteel became an independent company in 2014, our reputation for creating some of the cleanest and best steels in the world was well established. We have the only focused special bar quality steel technology center in North America and we had invested millions of dollars in manufacturing assets that were the envy of the industry. Our products are found in the deepest wells, in the highest wind turbines and beyond the earth in space applications. We also quietly knew that all of this was only possible with some of the most talented people in the industry from engineers to operators and sales to finance and everyone in between. Continuing to recruit, develop and retain the best talent was and is key to growing our company, and so we embarked from the very beginning on a journey to understand our culture and people and enhance both.

In 2014, we began studying our culture and people to understand who we are and then matched that up to what our growth strategy is guiding us to be. We continue talking with and listening to employees about what matters to them at every stage of their career. We benchmark the best ideas. With all that data, we challenged ourselves to develop a plan to become the safest and best place to work in industry and began the work of enhancing our people policies, procedures and development programs that encompass the TimkenSteel experience.

As we’ve talked with employees and leaders about what currently makes working at TimkenSteel unique and rewarding – and what our culture should aspire to as we stretch to meet new challenges, we identified five key facets within the overall TimkenSteel Experience: Wellbeing, Innovation, Collaboration, Transparency and Opportunity.

Our actions included providing greater line of sight from each employee to our company‘s mission and objectives; implementing more opportunities for development and movement within the company; educating managers on how to bring out the best in their teams; and focusing on the financial, mental, social and physical wellbeing policies and tools that address the needs of the modern employee and family.

Some tangible examples of new employee offerings run the gamut. Right away, we worked to enhance our safety programs to engage employees even more actively in their wellbeing and that of co-workers, funding and encouraging union and company safety representatives to work together in our steelmaking plants. In 2016, we expanded adoption of flexible work arrangements in areas where that is possible. In 2017, we rolled out new time-off policies which offer three weeks of vacation right out of college and up to five weeks for more experienced employees, the addition of a paid floating holiday and four weeks of paid parental leave. We also reached a labor agreement for our Canton-based operations that continues to provide some of the best wages and benefits in Northeast Ohio. In 2018, we launched new wellness and recognition platforms, expanded health benefits for college-bound children of employees, loosened our financial policies for those nearing retirement and started up our sixth employee resource group which is focused on working parents.

Employee feedback has been positive because the changes have been based on both their input and best practices. Recently, we also received positive feedback outside the company when TimkenSteel was named to the NorthCoast 99, an esteemed group of the best companies for top talent in Northeast Ohio. TimkenSteel also received a special category award for the structure of our compensation plans, which rewards employees based on how well we drive business performance. 

Today, we also were named a Family-Friendly Workplace Award winner by United Way of Greater Stark County.

These awards -- and the recognition that comes with them -- feel good for all the employees who have worked to introduce positive changes that strengthen our workforce. And they give every employee one more reason to say, “I’m proud to work at TimkenSteel, and you should think about working here too!”

However nice awards aren’t the driver. As I said at the beginning, attracting good, knowledgeable people who are dedicated to delivering for customers and shareholders … that’s what drives us.

•            To read more about our recognition as one of the best places to work, click here

•            Watch a video about the TimkenSteel Experience featuring our Chairman, CEO and President Tim Timken.

•            Click here to learn more about career opportunities and life at TimkenSteel.

•            To read more about our Corporate Social Responsibility initiatives and community involvement, click here.