Alcoa: Sustainability: Sustainability Home: Our People: Overview

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Our People Overview

Our people are the foundation of our success throughout the world. Our goal is to attract, develop, and retain the best talent and create an environment that enables each employee to contribute to our collective success. This goal is especially challenging and critical in today’s turbulent economic times.

The global recession has had a significant impact on our company and has forced us to curtail operations in many parts of the world and make the decision to sell some downstream businesses. In 2008, we sold our packaging businesses, which accounted for a reduction of 10,000 employees worldwide. In early 2009, we announced further planned divestitures and additional headcount reductions that will impact 13,500 employees and 1,700 contractors by the end of 2009. Finally, we have instituted a global salary and hiring freeze.

Within this economic environment, we continue to create a work environment where:

Alcoa has become a preferred employer with a diverse and skilled workforce accountable to clear standards;
Work is done in an environment where feedback, problem solving, and process improvements are built into the daily routine;
Pay, recognition, and career development are linked to delivering business results; and
The Alcoa values and employee pride inside and outside the workplace are evident across the organization.

To reach this target, our human resources function is partnering with the business units to set specific actions, timetables, and metrics that provide direction and measurement against progress. There are challenges that must be overcome, and these include the global nature of the company, differing cultural issues and governmental regulations, and our decentralized structure.

Working together, we are confident that we can focus on growth, attract and retain diverse talent, maintain an engaged workforce, and develop the leaders for today and for our future—both in the community and at work.

2020 Framework People Goals

Target	Metric	Progress Achieved Through Year-End 2008
Ensure a workforce that reflects the diversity of the communities everywhere we operate	By 2010, the following representation at Alcoa's management level: Global women: 18% U.S. minority: 15%	Global women: 16.2% U.S. minority: 14.1% go
Increase workforce performance	100% of salaried employees receiving annual performance feedback by 2006	90% go

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