Company: THRM
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000950170-25-023344
Chunk: 12

Company: Gentherm Inc
Filing Date: 2025-02-19
Form: 10-K
Item: Item 1
Chunk 12
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 customer plants close for model year changeovers and in December when many customer plants close for the holidays. 

Human Capital Management

Employees

At Gentherm, our mission is to “create and deliver extraordinary solutions that make meaningful differences in everyday life, by improving health, wellness, comfort and energy efficiency.” Our people are the foundation for making our mission come to life every day. Our human capital strategy is focused on creating the right working environment and developing the right skill sets to advance our performance culture and unlock our innovation and growth strategy. We also strive to promote a safe work environment and a culture that values engagement, inclusion and belonging. 

Board Oversight

Our Board of Directors and its Committees provide oversight on a broad range of human capital management topics, including corporate culture, talent and succession planning, pay equity, health and safety, training and development, total rewards and engagement and belonging. 

People Demographics

Our global workforce creates a competitive advantage and operates in more than 30 locations across 13 countries. As of December 31, 2024, and 2023, Gentherm’s employment levels worldwide were as follows:

    2024

    2023

    Mexico

    5,478

    5,013

    North Macedonia

    2,416

    2,677

    China

    1,734

    1,916

    Ukraine

    1,520

    1,684

    Vietnam

    1,244

    1,142

    Germany

    576

    643

    United States

    481

    635

    Hungary

    355

    355

    Czech Republic

    318

    361

    Morocco

    52

    —

    Korea

    48

    44

    Japan

    14

    20

    United Kingdom

    8

    6

    Malta

    2

    8

    Total

    14,246

    14,504

Key Highlights of our Human Capital Strategy

In November 2023, we completed our second global engagement survey with a participation rate of 89%. In 2024, we developed leader driven action plans to build on momentum made from our engagement surveys. In recent years we have made progress in manager relationship, performance management and overall confidence in the company. We also created specific location action plans to provide our workforce with a