People first, energy forward
Our people performance snapshot highlights our biggest achievements from the past year.
Read more on our people performance snapshot HERE.
We invest in diverse representation and inclusion
- 150+ nationalities represented with 79% of employees outside of the U.S.
- Increase in women employee representation by 0.4% points YoY (19.1% to 19.5%)
- Women in STEM increased by 2.1% points YoY (12.1% to 14.2%)
- Increase in people of color representation in the U.S. by 2.2% points (36.1% to 38.3%)
- $410 million spent with diverse suppliers and small businesses
- In 2023, our inclusion index scored 70.0% and culture index scored 66.0%
We commit to help our people thrive
- Total attrition rate decreased YoY by 1.8% points (12.0 to 10.2%) and voluntary attrition by 1.6% points (8.6% to 7.0%)
- ~10,000 external hires, including apprentices/internships, 22.9% women
- An average of 22 hours per employee spent on all types of learning
- 1,252 training completions of new sustainability modules and 32 live sessions for people leaders on inclusive leadership
- 68.4% of employees received regular performance and career development reviews
We put people first
- 15.5% of employees participated in an employee resource group (ERG), a 12.2% increase YoY (from 8,099 to 9,085 members)
- We contributed $64 million dollars to the communities in which we live and work
- Our volunteer hours increased by 43.7% YoY (from 27,181 to 39,064 hours)
- We committed to offer a competitive compensation and a broad benefit portfolio
Our people strategy begins and ends with the success of our employees and the communities in which we work.
We remain focused on attracting, retaining and developing diverse talent who will take energy forward, making it safer, cleaner and more efficient for people and the planet.
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We are confident that the diversity of our people and an unyielding focus on an inclusive culture position us well to continue to drive innovation, operational effectiveness and strong financial performance as we move through the energy transition.
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We believe in contributing to the communities where we live and work by sharing our time, talent and resources. We are connecting globally and locally in new ways to drive scale and speed on solutions to humanity’s biggest challenges.
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Driving change towards sustainable energy development requires a sustainability mindset across all employees. Through specific efforts geared at embedding habits of sustainability across our businesses and functions, our people help us take energy forward, delivering our strategy — for people and the planet.
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Our workforce in 2023
Our workforce grew YoY from ~55,000 to ~58,000 employees.
A commitment to help our people thrive
“When I look back over the best times of my 30-year career with the Company, having and working with the best teams come first to mind. Diversity is so important not only in terms of culture, race, gender, but also in terms of diversity of thought. I’ve learned that different perspectives bring different outcomes and solutions to problems and also create winning teams and winning results. The connection between culture, well-being, and general happiness at work directly correlates to how teams and businesses perform, and I have found that the best performance comes from happy and diverse teams.”
Christina Andersen, Vice President, Industrial Valves and Gears
Attracting and identifying talent with a purpose
We believe our differences make us stronger, that unique perspectives fuel innovation, and that when people thrive, we all move forward.
For us, shaping the future of energy means having the freedom, support, and tools to define your own career path. We offer our people the platform to develop their skills and progress careers in a fast-moving and global environment.
"At Baker Hughes, diversity is the foundation of our culture. We create a space where everyone feels valued and respected, and where different perspectives are encouraged. Diversity, equity, and inclusion is a core part of who we are, and it’s something we actively promote every day in how we hire and how we develop our employees.
It’s about creating a sense of belonging and ensuring that everyone has a voice. I’m passionate about the way our organization embraces this, and I believe it’s essential to driving innovation and success."
Muzzamil Khider Ahmed, Senior Vice President, Chief People Officer - Enterprise HR
Competitive compensation and benefits
We offer our employees a competitive compensation and a broad portfolio of benefits, for example:
- Total rewards packages tailored for each country
- Healthcare, life and disability programs globally
- Medical and life insurance benefit package
- Flexible benefits promoting physical, emotional and financial well-being
- In case of unavoidable workforce reduction plan, severance payments, outplacement assistance and services in many locations are provided
- Global Parental Leave Policy to all employees
Skills to lead inclusively
In partnership with Learning and Development, the DEI team launched three new courses on Leading Inclusively, Cultural Intelligence, and Unconscious Bias. They conducted 32 sessions globally to equip employees with the tools that are essential for an inclusive culture.
One Tree Planted
By issuing our third grant to One Tree Planted, it enabled the non-profit organization to achieve a total of 1 million trees planted across 17 countries from the Foundation’s contributions. The 2023 award will promote global reforestation efforts, in the amount of ~382,000 trees.