Tata Steel receives 'The Best Companies to Work for Award' by Business Today
~ Chief Minister of Maharashtra Sri Devendra Fadnavis presented the coveted award to Tata Steel ~
Tata Steel has been bestowed with the ‘Best Companies to Work for Award’ at the Business Today Awards, wherein it has emerged as the winner in the core sector and one of the Top 25 best companies to work for in India. The chief minister of Maharashtra, Sri Devendra Fadnavis presented the award to Mr. Suresh Dutt Tripathi, Vice President, Human Resource Management, Tata Steel, thus recognizing the steel conglomerate’s strong and sound HR policies and practices.
The winners are determined through an in-depth qualitative survey that involves key parameters like career growth prospects, financial compensation, work-life balance, performance evaluation, stability and other HR practices of the company. Tata Steel has been presented with this prestigious award basis these parameters.
On receiving the award, Mr. Suresh Dutt Tripathi, Vice President, Human Resource Management, Tata Steel, said, “It is an honour to receive this award, which is recognized under such significant parameters. We have always believed that our employees are our key assets and value creation for the company depends principally on their professional and personal well-being. It is our policies that have helped enhancing the personal growth of every individual related to our Tata Steel family. This recognition will further invigorate us to continue with, and improve upon, the various practices that we have undertaken and follow our ethos strongly.”
The Business Today award for ‘The Best Companies to Work for in India’ is the thirteenth edition of the publication wherein they have awarded organizations with the best HR practices. These awards are conducted in partnership with PeopleStrong and Naukri.com. It is an open, web-based, perception survey in which all the salaried employees in India can participate. For the overall rankings, the survey respondents have to rank top five companies across industries as well as within their sectors in terms of companies they think are the best to work in. This process is followed by ranking the top three companies on the key parameters.
Tata Steel has recently been recognized with other accolades in both the sustainability and performance space. A few prestigious awards include CII ITC Sustainability Award 2015, CII Industrial Innovation Award 2015 and TIME India Awards 2016.
About Tata Steel
Established in 1907 as Asia's first integrated private sector steel company, Tata Steel Group is among the top global steel companies with an annual crude steel capacity of nearly 30 million tonnes per annum (MnTPA). It is now the world's second-most geographically-diversified steel producer, with operations in 26 countries and a commercial presence in over 50 countries. The Tata Steel Group, with a turnover of US$ 22.32 billion in FY 15, has over 80,000 employees across five continents and is a Fortune 500 company. The Group’s vision is to be the world’s steel industry benchmark in “Value Creation” and “Corporate Citizenship” through the excellence of its people, its innovative approach and overall conduct. Underpinning this vision is a performance culture committed to aspiration targets, safety and social responsibility, continuous improvement, openness and transparency. In 2008, Tata Steel India became the first integrated steel plant in the world, outside Japan, to be awarded the Deming Application Prize 2008 for excellence in Total Quality Management. In 2012, Tata Steel became the first integrated steel company in the world, outside Japan, to win the Deming Grand Prize 2012 instituted by the Japanese Union of Scientists and Engineers.
Chief, Corporate Communications, India & SEA