Company: EGP
Filing Date: 2025-02-12
Form Type: 10-K
Source: 0000049600-25-000019
Chunk: 101

Company: EASTGROUP PROPERTIES INC
Filing Date: 2025-02-12
Form: 10-K
Item: Item 1
Chunk 101
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 of the employees hired during the year ended December 31, 2024, 67% are women.  The officer group is comprised of 49% women and 51% men.  As of December 31, 2024, 14% of our employees self-identified as members of a racial or ethnic minority group.  Our Board of Directors is 29% comprised of women, and one of the seven Board members is a member of a racial or ethnic minority group.  With 101 employees and seven directors, each team member plays a vital role in the success of the Company.  

•Employee Tenure:  We believe our culture supports our employees and creates a positive, professional environment that encourages longevity for our team members.  We seek to develop leaders and promote from within the organization when opportunities arise.  As of December 31, 2024, the average tenure of our workforce was 10 years, and 12 years for our officers; 76% of our employees at the manager level and above were promoted from within the Company.  Our voluntary turnover rate was 4%, and our involuntary turnover rate was 1% during the year ended December 31, 2024. 

•Compensation, Benefits, Health and Safety:  We offer a competitive pay structure along with a comprehensive employee benefits program and what we believe are socially-responsible policies and practices in order to support the overall well-being of our employees and create a safe, professional and inclusive work environment.  Some of the benefits we offer include a robust 401(k) matching program with additional discretionary profit-sharing contributions, a company-wide equity compensation award program, generous personal leave, paid parental leave, flexible work schedules, paid time off for volunteering and annual health and wellness checkups, employer-paid health insurance for all full-time employees, access to mental healthcare, tobacco cessation program and athletic club and tuition reimbursement programs.  All of our employees are eligible for performance based annual bonuses based on a percentage of salary.

•Training and Development:  We have a formal, certificate-based learning program for all employees; learning objectives include topics such as ethics and anti-corruption, cybersecurity, anti-discrimination, diversity, equity and inclusion, unconscious bias, anti-harassment, and workplace violence and bullying.  Additional trainings covering numerous environmental sustainability topics and trends are available to employees through our third-party sustainability consultant.  All of our employees participate in annual performance reviews and feedback sessions. Our employees are provided with training and peer mentoring programs to further