Policy for Human Resources Development

We established our Policy for Human Resources Development in October 2022 and announced it inside and outside the company. We are developing employee education and training plans based on this policy. We will ensure that all employees know and familiarize themselves with this policy through various training programs.

We, the DOWA Group, motivate each employee to strive for opportunities to better themselves.
To do that, we offer fair opportunities to study to those who are willing to learn, regardless of their position, age, gender and work location.
In our human resources development policy, we base on to further develop strengths, not to correct weaknesses.

Securing Human Resources and Developing Core Human Resources

Due to the declining birthrate and aging population, Japan’s working population is predicted to decline at an accelerating rate in the future. In particular, in rural areas where many of our bases are located, the decline in the working population is greater than in urban areas, and the impact is severe. For this reason, securing human resources has become an urgent issue for our Group. Initially, we will expand the scope of our hiring activities and step up Groupwide efforts to support hiring at each location and share know-how. We will also continue to conduct regular interviews with young employees, among other efforts, to motivate employees and improve communication between supervisors and their team members. In addition to encouraging the steady growth of new employees through systemized training throughout the workplace, we intend to raise employee engagement by introducing surveys for all employees.

Key Measures

Indicators

Targets

Reduction of resignation rate

Average retention rate three years after joining the Company (for new graduates at DOWA Holdings)

Maintain 100% rate

Degree of survey coverage

Conduct surveys on a regular basis

Reduction of Resignation Rate

As part of our efforts to secure human resources, the cornerstone of our business development, we work to strengthen our recruiting capabilities at each of our Group companies. At a meeting of labor relations managers, we shared the concept of planned recruitment, how to develop a recruitment plan, good practices in handling recruitment among Group companies, and actual recruitment know-how, and promote the creation of a system for planned recruitment at each company.

Average Retention Rate Three Years after Joining the Company (for New Graduates at DOWA Holdings)

The retention rate for fiscal 2023 is 93.9%, an improvement from the previous year but still falling short of the target of 100%. One of the reasons for employees leaving their jobs is a mismatch between their desired workplace, what they actually do in their work, and working environment after joining the Company. To prevent such mismatches, we are strengthening recruitment interviews by providing prospective employees with specific information about the job details, work environment, corporate culture, and other aspects so that they are satisfied with the job. In addition, after joining the Company, we conduct interviews before assignment and in the second year to improve the retention rate.

Implementation of Job Satisfaction Surveys for Employees

Since FY2022, the Job Satisfaction Surveys for Employees have been conducted to gather employee opinions. By conducting the survey on a regular basis once a year, the opinions of employees are gathered and used as reference for reflecting them in systems and promoting new initiatives. The survey targets employees of DOWA Holdings and its five main operating companies, and is conducted via the internet.
The results obtained from the survey are fed back to the employees as well as to the relevant departments. The survey will continue to be conducted as an important initiative to strengthen organisational capabilities.

Fair Evaluation and Treatment

At the DOWA Group, based on the principle of “evaluating employees on their ability to work autonomously,” we are working for fair evaluation and treatment under the following policies. The training of evaluators and those being evaluated is positioned as a Groupwide initiative, and we therefore strive to create opportunities for continued learning, with appropriate evaluation, treatment, and training.

 

  • For evaluators and those being evaluated, deepen understanding of the standards and structure of the system and utilize appropriate evaluations and training.
  • While sharing organizational goals and getting an understanding of the abilities and behavior required of employees’ according to their position, try to improve their work performance.

Medium- and Long-term Incentives for Employees

The Company has adopted an employee shareholding plan as a medium- to long-term incentive for its employees. Under the Company's employee shareholding association system, employees (including those of Group companies) join the shareholding association on a voluntary basis and jointly purchase the Company's shares with contributions from their monthly salaries and bonuses and incentive payments from the Company, and their share is allocated according to the amount of the member's contribution. The scheme is open to all permanent employees of Group companies in Japan and is operated as part of the welfare system, with the aim of contributing to medium- to long-term asset building.

Company Housing and Dormitories for Single Employees

The Group’s major manufacturing sites have company housing and dormitories for single employees. In areas where company housing or dormitories are not available, the Company provides rented housing to employees. In recent years, company housing and dormitories for single employees have become outdated, and we have been sequentially rebuilding or outfitting them to ensure comfort by improving the living environment and stimulating interaction among employees.

Developing Human Resources and Promoting Organization-Building That Will Create Change

To realize a sustainable growth organization, our Group is committed to developing human resources who are proactive in learning and bringing about change. In an era when the external environment is changing rapidly and it is difficult to find the right answers, it is important to create an organization where each employee can maximize their abilities. For new and young employees, we will shift to education that enhances individual expertise. Additionally, we will develop a platform that employees can access whenever they want to learn, and build a system that fully supports employees’ independent learning.

Key Measures

Indicators

Targets

Disclosure of Policy for Human Resources Development

(Formulate policy and disseminate via the DOWA corporate website and the in-Company portal site)

Formulation of policy and disclosure inside and outside the Company

Announce and disseminate policy

Development of global human resources

(Build a system to impart basic knowledge necessary for overseas assignments to be implemented one year prior to assignment)

Implementation of preassignment education and expansion to include post-assignment education

Continue implementation of educational programs

Reform of Our Internal Education System

From new employees to managers, we have established stratified education according to job classification and have set up an educational system of selective education in order to nurture the next generation of leaders at each level of the organization. In fiscal 2022, we reformed our internal education system, shifting from focusing on group training to selective training and creating a system that provides fair opportunities for those willing to learn. Specifically, we have established and begun operating an environment where online training is freely available. As we move forward, we aim to create a culture of self-directed learning by making it obligatory for employees to participate in online training programs while taking advantage of the benefits of online training, which can be taken without being restricted by schedule, time zone, or region.

Policies as Initiatives to Develop an Environment to Cultivate Human Resources

  • Enhancing training programs for employees working on the frontlines in the field
  • Preparing enhanced online training programs that employees can take if they wish to learn regardless of day, time, or location
  • Introducing an organizational operation program to increase team strength by utilizing members’ strong points to concentrate the strengths of each employee instead of individual abilities

Self-Development Support (Elective Education and Qualification Support)

In line with our human resources development policy, we have introduced selective education to provide fair opportunities for those who are willing to learn. Selective education allows all DOWA Group employees to learn in the areas they want to learn, when they want to learn and regardless of their location. A variety of content is available, including distance learning, e-learning, web-based English conversation and online training, to support employees' desire to learn.
We also support employees' self-improvement through a variety of other programmes, including support for qualification acquisition, such as covering the costs of TOEIC examinations for all DOWA Group employees.

Pre-Assignment Training for New Employees

Every year, DOWA Holdings hires approximately 50 new employees. The first form of education for these employees is new-hire training. This is an important program that forms the basis for our human resource development, a support structure for the Company. Our basic policy for this training is to “cultivate full-fledged people within three years of joining the Company,” with the goal of developing “autonomous human resources.” The Company does not hire for any specific job type or business. Since people joining the Company will branch off into a variety of careers, we treat the first three years of employment as an intensive training period for new employees. To facilitate future career development after this period, we have also systematically established a human resource development system that combines a curated collection of group training programs with on-the-job training (OJT).

Full Renovation of the Training Center

Our training center was fully renovated in March 2023. In implementing this renovation, we restored functions that had deteriorated over time and improved the facility to accommodate online training courses in the rooms, strengthening the function of promoting employee interaction. Since the renovation, we have also resumed face-to-face training for the first time in around four years, also due to the relaxation of basic measures for COVID-19 by the government.