Diversity and Employee Initiatives
At Mercury, we believe that our success depends on our ability to embrace diversity companywide and realize the benefits of a diverse workforce that includes a greater variety of solutions to problems, a broader collection of skills and experiences and an array of viewpoints to consider. We also appreciate the value of learning and development opportunities and recognize the importance of encouraging our team members to grow their professional skills and expand their educational foundations.
Talent Management
At Mercury, we work to make the world a safer, more secure place. We hold each other accountable to ensure we are delivering high-quality, reliable, state-of-the-art products and solutions to the aerospace and defense industry. We invest in the development of all team members to create high-performing teams to execute on our mission in support of the warfighter. We are dedicated to finding and hiring the right people; learning and growing; managing and rewarding performance; tailoring the employee experience; and optimizing workforce planning and strategy.
The keystone of Talent Management at Mercury is our Leader Success Model (LSM). The LSM is an integral part of all talent practices throughout the employee lifecycle and guides all team members towards a successful career at Mercury. The LSM is Mercury’s standards to successfully lead at all levels and grow in the core competencies of our culture and values: Teamwork, Communication and Execution. At Mercury we believe all team members can be leaders at every level, strengthening our foundation in the competencies and behaviors exhibited in the LSM strengthens our collective One Mercury team and the work we do in support of the warfighter. Our LSM ensures alignment on mutual expectations of what Mercury expects of its team members and what team members can expect from Mercury to ensure their success.
Here is what team members can expect from Mercury to help them align to the LSM standards:
Professional and Career Development
We promote a culture of lifelong learning. Our work is driven by our passion to learn and grow in a collaborative environment that leads to innovative solutions. Our goal is to attract, develop, and retain talent and inspired by our commitment to provide an exceptional employee experience. Centered around the 4 "E"s of development—Education, Experience, Exposure, and Evaluation—our development philosophy propels a blended learning experience which supports the professional and career development of One Mercury team members scalability. Our program of offerings includes digital, innovative solutions to empower growth and development:
- Access to LinkedIn Learning
- Formal mentoring programs
- Career development roadmaps
- Leadership development programs and external coaching
- Formal and informal cohort discussions and learning
- Just-in-time informational webinars
- Tuition reimbursement
- Intern and co-op programs
Our development offerings are listed and available through a robust development portfolio for all team members on our Learning & Development Portal.
Upon joining Mercury, each team member is given a LinkedIn Learning account that enables them to access over 16,000 online courses to learn business, creative, and technology skills to achieve their personal and professional goals. Team members leverage this resource to set and reach their career goals and develop skills, as well as explore new interests. LinkedIn Learning also offers certification programs in certain discipline areas. Each month we promote timely, curated content to our team members to support their growth and development.
There are several opportunities to learn from fellow team members at Mercury, including through our mentoring programs. Mentoring at Mercury fosters connection between team members across the organization and we have developed programs aligned with key focus areas, including career development, leadership, and general and discipline-specific knowledge sharing.
Team members also engage with each other through formal and informal cohort discussions, including Fireside Chats and Coffee Talks. These events foster a sense of belonging among the One Mercury community, connecting team members with each other and leaders to promote sharing of diverse thought and perspectives.
Our Leader Success Model is at the foundation of our highly rated leadership development programs. Leaders are developed through a blended learning experience which includes programming, 360° Assessments, executive coaching, and exposure to the C-Suite. Our leadership programs are targeted towards high performing team members across the matrix who are interested pursuing the management career path.
We offer a two-year engineering rotational program to recent college graduates in electrical, firmware, software, RF, and systems engineering disciplines. During the program, team members gain insight and experience rotating through multiple business units and engineering disciplines. Upon program completion, these team members will be matched with a role at Mercury aligned with their skills, interests, and career development goals.
We have a pay-for-performance culture, and we pride ourselves on giving timely, honest and respectful feedback. This is why we encourage employees to engage in multiple talent talks with their leaders each year.
We encourage our employees to take advantage of higher education and professional development opportunities. We reimburse employees 100% for tuition and lab fees for up to the IRS non-taxable limit.
We value the feedback of our team members. Our listening strategy includes the deployment of our Culture and Engagement Survey twice per year, which enables us to gather anonymous feedback from the One Mercury team about what we’re doing well and the areas in which we can improve. Over the past three years, we’ve had strong participation—on average, over 80% of our team members contribute to each survey, which is above the global benchmark. We prioritize taking action based on the insights provided by our team members—in addition to action taken on the organization-level, teams across the company engage in an action planning process after each survey in order to drive positive change. Team members participate in a dialogue about their survey results and select focus areas on which to collaborate.
Employee Demographics and Statistics
Gender Diversity
The gender diversity of our U.S. employees is provided below for the three most recent fiscal years.
| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Women | |||
| Employees | 30% | 29% | 29% |
| Managers | 18% | 19% | 21% |
| Technical Employees | 11% | 11% | 11% |
| Men | |||
| Employees | 70% | 71% | 71% |
| Managers | 82% | 81% | 79% |
| Technical Employees | 89% | 89% | 89% |
We have a focused strategy to attract women engineers and women in leadership and technical roles.
Race/Ethnicity Diversity
The racial/ethnic diversity of our U.S. employees is provided below for the three most recent fiscal years.
| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Black or African American | 4.0% | 4.0% | 4.0% |
| Asian | 19% | 19% | 19% |
| Hispanic/Latino | 15% | 15% | 16% |
| Native Hawaiian/Other Pacific Islander/Native American/Alaska Native | 1.0% | 1.0% | 1.0% |
| White | 58% | 58% | 57% |
| Two or More Races | 2.0% | 3.0% | 2.0% |
| Not Specified | 0.4% | 0.2% | 0.1% |
Voluntary and Involuntary Termination Data
Our voluntary and involuntary termination data for the three most recent fiscal years is reported below.
| calendar year | involuntary terminations | voluntary terminations |
|---|---|---|
| 2023 | 4% | 12% |
| 2022 | 6% | 14% |
| 2021 | 9% | 13% |
Our attrition rates are consistent with the defense and technology sectors. We conduct and review exit survey data on a regular basis to better understand and reduce our voluntary attrition.
Employees Around the World
We pride ourselves on being a multinational company with locations in the United States, Switzerland, Canada, the United Kingdom, Spain and Japan. Below is a breakdown of the number of employees in each country as of June 2023.
| country | number of employees |
|---|---|
| USA | 2,415 |
| Switzerland | 113 |
| Spain | 15 |
| United Kingdom | 13 |
| Canada | 11 |
Pay Equity
We regularly evaluate pay equity, including reviews of analyses and advice of an independent consulting firm. Our most recent review was conducted in 2023 and found no statistically meaningful differences in pay between men and women globally and across ethnicities in the U.S. in comparable positions when accounting for appropriate explanatory factors. Whatever a person’s race, ethnicity, gender, sexual orientation, religion, physical ability or other characteristics, we respect and value them.
We continuously leverage market data and other statistics to inform promotions, adjustments and new hire offers to provide employees with competitive pay without regard to gender or race.
Diversity, Equity and Inclusion
Mercury is committed to providing an inclusive environment that respects the diversity of the world. We believe that the workforce required to grow our business and deliver creative solutions must be rich in diversity of thought, experience and culture. Our diversity and inclusion initiatives focus on building and maintaining the talent that will create cohesive and collaborative teams that drive innovation.
We recognize that we must all respect others in order to perform with excellence both in and outside of the workplace. We value the diversity of the people with whom we work and the contributions they make. We do not tolerate discrimination or harassment. We are committed to equal opportunity and to maintaining a workplace that is free from discrimination or harassment on the basis of race, color, gender, sex (including pregnancy, childbirth and related medical conditions), national origin, ancestry, age, religion, physical or mental disability, medical condition, gender, sexual orientation, gender identity, gender expression, genetic information, military or veteran status, marital status, a person’s request for family care leave, pregnancy disability leave, or leave for an employee’s own serious health condition, or any other characteristic protected by applicable law.
We expect our employees, suppliers, customers and other stakeholders to share a similar commitment to equal opportunity, diversity and inclusion. These values will help our employees use their full potentials at work to provide Innovation that matters®.
Mercury is committed to advancing diversity, equity and inclusion internally among employees and senior management, and externally through a variety of programs and initiatives, including the following examples:
- In 2020, we launched Quicksilver, a Mercury women's charter, as our first employee resource group. Quicksilver develops programming and resources for Mercury that promote collaboration across genders, foster networking, and encourage the advancement of women in the company through events, such as career development workshops, mentoring opportunities, and in-depth discussions with Mercury's female leaders in conjunction with International Women's Day and the Simmons Leadership Conference.
- In 2021, we continued to support the LGBTQ+ community through a variety of initiatives, adapted our logo to support Pride month, and expressed our support for the Asian-American community.
- We sponsored a predominantly female Brigham Young University (BYU) capstone team to provide opportunities for senior-level engineering students in Computer, Electrical, Manufacturing, and Mechanical Engineering to participate in real-world engineering challenges. You can listen to representatives from BYU and Mercury share their thoughts on gender parity in the workplace and how we can all work together to advance the roles of women in technology.
- We sponsored the 43rd annual Simmons Leadership Conference in 2022, which has inspiring keynote speakers offer candid stories about their experiences on the way to the top of their career paths. You can also listen to Mercury leaders discuss their experiences as women leaders at the Simmons Leadership Conference.
Our Response to COVID-19
With COVID-19 impacting people and countries around the world, we are increasingly focused on “leading from the front,” communicating as frequently and openly as possible to help keep all of our stakeholders informed of the latest developments at Mercury.
We remain laser-focused on the four goals we established: to protect the health, safety and livelihoods of our people; to mitigate or reduce operational and financial risks to the business; to continue to deliver on our commitments to customers and shareholders; and to continue the mission-critical work Mercury does every day to support the ongoing security of our nation, our brave men and women in uniform, and the communities in which we all live.
We implemented a number of preventive measures and other resources to protect the safety and well-being of our extended Mercury family while the pandemic was deeply negatively affecting our communities, including:
- creation of a $1 million employee COVID-19 relief fund;
- weekly onsite COVID-19 testing at Mercury sites;
- 120 hours of COVID-19 sick leave for all team members;
- policies and procedures that ensure the safety of our onsite team members;
- caregiver resources (childcare and elder care), including a “Kid’s Corner”;
- memberships to the health and wellness apps Aaptiv and Headspace;
- Dr. David Zieg and Dr. Andrew Halpert, our chief medical advisors, hosting regular webinars for all team members in English, in addition to Spanish and Vietnamese webinars hosted by other medical advisors on the same topics;
- creation of a Mercury COVID-19 dashboard that is updated for all of our sites; and
- regular internal surveys to gather team member feedback and concerns.
We also implemented a multi-phase return to workplace initiative, allowing us to return to work slowly, methodically and with extra vigilance.
Approximately 90% of our U.S. workforce was fully vaccinated against COVID-19 as of January 2022.
To learn more about our response to COVID, please see our dedicated resource page.
Respect for Human Rights
We value and respect individual and cultural differences and are committed to providing an inclusive environment that is free from all forms of inappropriate behavior, including unlawful harassment and discrimination.
At Mercury, we are committed to ensuring that our team members, the people who work for our contractors, customers and suppliers, and individuals in the communities affected by our activities are treated with dignity and respect. Our employees and suppliers are required to abide by our Human Rights Policy and go through regular trainings or assessments to verify their compliance and understanding of the policy.
Code of Business Conduct and Ethics
Mercury has adopted a Code of Business Conduct and Ethics applicable to our officers, directors and employees. This code is posted on our Investor Relations page under "Corporate Governance." The Code of Business Conduct and Ethics covers the following topics:
- Compliance with laws, rules and regulations
- Conflicts of interest
- Confidential information and trade secrets
- Fair dealing
- Entertainment, gifts and gratuities
- Antitrust
- Protecting and using Mercury's assets
- Accurate business records
- Public sector customers
- Foreign officials
- Anti-corruption and anti-bribery matters
- Export controls
- Lobbying and political activities
- Combating trafficking in persons
- Other policies
- Waivers of the Code of Business Conduct and Ethics
- Compliance procedures
- Contacts for questions or reporting violations
- Disciplinary action for noncompliance
All of our officers, managers and other employees conduct annual trainings on the Code of Business Conduct and Ethics. These trainings are actively monitored and audited by our internal audit team. Our employees achieved a more than 90% completion rate on their Code of Business Conduct and Ethics trainings in the last training cycle.
Anti-Corruption and Anti-Bribery
Our Code of Business Conduct and Ethics covers anti-corruption and anti-bribery matters. As discussed above, all of our officers, managers and other employees conduct annual trainings on anti-corruption and anti-bribery matters through their Code of Business Conduct and Ethics trainings. Our suppliers are also required to comply with the Code of Business Conduct and Ethics.
Mercury has not received any legal or regulatory fines, or entered into any settlements, associated with violations of bribery, corruption or anti-competitive standards in the prior three years.
Human Rights
We respect human rights. We are committed to identifying, preventing and mitigating adverse human rights impacts arising from our business activities before or if they occur through due diligence and mitigation processes. We are committed to engaging with stakeholders in the communities where we operate to ensure that we are listening to, learning from and taking into account their views as we conduct our business.
Safe and Healthy Workplace
We provide a safe and healthy workplace that complies with applicable safety and health laws, regulations and internal requirements. We are dedicated to maintaining a productive workplace by minimizing the risk of accidents, injury and exposure to health risks. We are committed to engaging with our team members to continually improve health and safety in our workplaces, including the identification of hazards and remediation of health and safety issues. For further information, visit our Quality and Safety page.
Workplace Security
We are committed to maintaining a workplace that is free from violence, harassment, intimidation and other unsafe or disruptive conditions due to internal and external threats.
Forced Labor and Human Trafficking
We prohibit the use of all forms of forced labor, including prison labor, indentured labor, bonded labor, military labor, slave labor and any form of human trafficking. Please visit the following link to see our statement published pursuant to the California Transparency in Supply Chains Act.
Child Labor
We prohibit the hiring of individuals that are under 18 years of age for positions in which hazardous work is required.
Work Hours, Wages and Benefits
We compensate team members competitively relative to the industry and local labor market. We strive to operate in full compliance with applicable wage, work hours, overtime and benefits.
Employee Benefits
We offer a robust healthcare package and a full roster of team member benefits to maintain a culture of health. We offer a 9/80 work schedule in the majority of our locations to help with work-life balance
Work-Life Integration
We understand employees have priorities beyond the workplace so we offer flexible schedules and a supportive work environment.
- Full-time employees are eligible for one of two vacation policies based on their position:
- A generous vacation package starting with 15 days per year; or
- A flexible vacation policy.
- Most employees are also eligible for our 9/80 flexible work schedule, where employees work 9 days over a 2-week period instead of the traditional 10 days over a two-week period. While employees still work 80 hours in that two-week period, they also get 1 day off work every two weeks on a Friday so they can enjoy many three-day weekends throughout the year.
Education and Training
We invest in our team members’ future. We encourage employees to take advantage of higher education and professional development opportunities.
- We reimburse employees 100% for tuition and lab fees for up to the IRS nontaxable limit.
- Through our online learning system, employees can take advantage of on-the-job training in a variety of disciplines. We encourage our team members to seek professional development training through industry organizations that develop skills or knowledge and contribute to employees' ability to perform his or her job. We also hold in-house Learn at Lunch seminars that focus on topics such as product updates and personal investing.
Healthcare Benefits
We are committed to providing our team members with a comprehensive set of healthcare benefits.
- Health Insurance. We offer a national preferred provider plan (PPO) and a high-deductible health plan (HDHP) with a companion health savings account (HSA) option.
- Dental Insurance. We offer a comprehensive dental insurance plan that pays 100% for preventive benefits with no deductible, including cleanings, X-rays and diagnostics, every six months.
- Vision Coverage. We offer vision coverage including access to care from eye doctors and quality, affordable eyewear.
- Health Care Reimbursement Accounts. A health reimbursement arrangement (HRA), sometimes called a health reimbursement account, is an IRS-approved, employer-funded health benefit used to reimburse employees for out-of-pocket medical expenses and personal health insurance premiums.
- Dependent Care Reimbursement. Pre-tax wages can be set aside to cover dependent care expenses. Eligible expenses include payments to a child care center, elder care, after-school care, or babysitting services in your home or someone else’s by a licensed provider.
Retirement and Investing
We are committed to providing team members with comprehensive opportunities to invest in the future.
- 401(k) Plan. Employees may contribute a percent of eligible earnings on a pre-tax, Roth or after-tax basis, which includes a company match of up to 6% paid in Mercury stock.
- Employee Stock Purchase Plan. Employees who work 20 or more hours each week are eligible to participate in our stock purchase plan and may contribute a percentage of their gross wages (after taxes) into the plan. Enrollment is open each May and November. Employees purchase shares through the plan at a 15% discount to the lower of the stock trading price at the beginning and end of the purchase period.
Income Protection
We understand it is important to feel secure, especially when life events take you away from the office. As such we offer the following benefits:
- Short-Term Disability
- Long-Term Disability
- Worker's Compensation
- Maternity Leave
- Parental Leave
- Adoption Leave
- Jury Duty
- Military Leave
- Personal Leave
- Bereavement Leave
- Family Medical Leave Act (FMLA)
- State-Specific Small Necessities Leave Acts
Board and Executive Oversight
The Human Capital and Compensation Committee of our Board of Directors is responsible for reviewing and overseeing Mercury’s human capital management practices and related employment matters. In 2021, our Board approved amendments to the Committee’s charter that require the Committee to review our strategies, initiatives and programs with respect to human capital management, including our culture, talent recruitment, development and retention, employee engagement, workplace safety, and diversity, equity and inclusion.
The Committee periodically receives and reviews reports on workforce metrics and trends such as attrition rates and talent attraction, employee relations, workplace environment and safety and the policies and practices intended to promote diversity, equity and inclusion. The Committee periodically reviews and discusses with management the Company’s human capital management activities, including disclosure of these activities in public filings and reports, including the human capital management disclosure in the Form 10-K.
Our Executive Leadership Team oversees and implements our human capital management practices with a view towards demonstrating our commitment to good corporate citizenship and responsible business practices.