Human Resource Strategy

The new Medium-term Management Plan lists three catchwords: “Pride and Happiness for All Employees,” “Self-Directed Careers and Growth,” and “Pursue My Purpose.” We will improve our human resource systems and reinforce our efforts to embody SOMPO’s Purpose. In implementing Human Capital Management, we will position the following key strategies: “Transform the Corporate Culture,” “Enhance the Group Human Resources,” and “Evolve HR Systems and Reinforce the Human Resource Base.” We aim to create an environment in which both employees and the company can grow together and strengthen our management base.

We have rephrased SOMPO’s Purpose and restructured the Group's Corporate Philosophy System. All executives and employees will work together to create a culture that is open to diverse opinions so everyone can express their views.

The new Corporate Philosophy System defines “Integrity”, “Self-motivation” and “Diversity” as “SOMPO’s Values,” which will serve as the basis for decisions and actions and which will be cherished by all executives and employees throughout the Group. In this way, we will work together to embody SOMPO’s Purpose.

In order to embody SOMPO’s Purpose, we will clarify the talent portfolio necessary for the strategic execution of each business and area of the Group and enhance the Group's human resources. By defining job types and skill levels, we will quantify the required talent portfolio. At the same time, by communicating these definitions to employees, we will empower people through self-directed career development and learning.

We hold Human Resources Roundtable meetings (the “Roundtable”) to identify challenges related to the talent portfolio and discuss effective training, recruitment and assignment. The Roundtable covers a range of topics, including succession planning and strengthening the human resources function in each functional area. CHROs and HR departments attend the Roundtable. Depending on the topic, senior executives such as the Group CEO and heads of related departments may be present.

Discussions at the Roundtable facilitate the Group Human Capital Investment and optimal deployment within the Group.

We are developing a “Choose Your Own Career” system based on My Purpose, which is the foundation of our human resource strategy. Following the introduction of a job-based human resource system in fiscal 2020, Sompo Holdings has abolished company-led personnel transfers as a general rule.

We want to create a workplace where employees can choose their own career paths and achieve professional results. Some operating companies, such as Sompo Japan and Sompo Himawari Life Insurance, have introduced a job-based human resource system. We will continue to consider expanding this system throughout the Group.

In addition, as a Group-wide initiative to enable employees to choose their own career paths, we introduced the Internal Job Posting System called “Job Challenge System”, which allows employees to apply for open positions of their choice and transfer to the department of their choice.

The Job Challenge System allows employees to apply for open positions at any company in the Group, not just their own company.

In fiscal 2023, 28 companies with 840 positions were open for application with job descriptions accessible to Group employees. We will continue to expand opportunities for employees to shape their careers through the “Choose Your Own Career” system across the Group.