We recognize the importance and the value of a diverse workforce across all spectrums, including but not limited to gender, gender identity, race, age, national origin, religion, sexual orientation, disability and veteran status. We are proud of our diverse team who strive to provide the best service to our customers everyday.
We remain true to our roots as a start-up company. We believe in open lines of communication from the bottom to the top of our organization, where everyone has a voice.
Our Chief Executive Officer is available to all employees and conducts bi-weekly town hall meetings on which he receives and responds to a variety of employee questions.
On weeks where our CEO is not schedule to meet, a rotating member of our executive team hosts a similar online town hall to answer questions from employees.
We are committed to providing our employees with the skills and knowledge that need to succeed in their roles. As part of our commitment to professional development, we have a sales training and enablement department that provides online and in person training to our sales force. Currently, our training team consists of 13 Regional Learning Managers (RLMs) available around the world; a ratio of sales reps with less than 12 months of tenure to RLMs is 21 to 1; and two sales trainers are dedicated exclusively to training our sales managers.
Training includes four weeks of live, interactive training during the first six months of employment; a structured, online curriculum with cash bonuses for successful completion; on-demand, online training modules; and certification courses in specialized services. In 2022, Cogent conducted 37,194 hours of sales rep training and 1,250 hours of management training. In addition, 62 certifications were earned by 62 different employees.
We believe our employees should have a path to finding a position within our organization that best fits their skills, ambitions and professional development. Approximately 10% of employees at Cogent changed positions in 2022.
We offer a comprehensive compensation program that includes market-competitive pay, healthcare benefits, retirement savings plans including partial 401(k) match and paid time off and parental leave. We provide nearly all employees with equity incentives in the form of stock options or grants of restricted stock.
At the beginning of 2023, all employees with at least one full year of tenure received a 4% cost of living increase and received a one-time of 2% cash bonus, and 32% received a merit-based salary or salary rate increase. Our sales employees are able to earn bonuses and salary rate increases during the year based on their performance.
We ask that our suppliers comply with our Supplier Code of Conduct or to adopt an internal policy that is commensurate with our Code of Conduct. Our Supplier Code of Conduct asks our suppliers to act with integrity, respect human and employees' rights and safeguard confidential information.
Please also see our Statement Concerning Modern Slavery (UK).
