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Tata Steel recognised among India’s Best Workplaces: Manufacturing, 2019

Mumbai, January 29, 2019

~ Tata Steel features in the Top 25 India’s Best Workplaces: Manufacturing, 2019 list of Great Place to Work® Institute~

Tata Steel has been recognised among India’s Best Workplaces: Manufacturing for the year 2019 by the Great Place to Work® Institute. This is a recognition for the company’s high-trust, high-performance culture.

Every year, more than 10,000 organizations from over 58 countries choose the Great Place to Work® assessment for benchmarking, action planning and recognition. Great Place to Work® Institute’s methodology is recognised as rigorous and objective and is considered as the gold standard for defining great work places across business, academia and government organizations.

This year, in India, 108 Manufacturing organizations undertook this assessment, and the Institute identified the Top 25 India’s Best Workplaces: Manufacturing, 2019.

“For us at Tata Steel, our employees have always been the biggest asset driving organisational excellence. Our people practices are driven by the philosophy of putting people first, every time. This has enabled us to create a work environment that is inclusive and nurtures talent to accomplish and deliver to the best of their abilities,” said Mr. Suresh Dutt Triptahi, Vice President, Human Resource Management, Tata Steel.

Over the last 100+ years, Tata Steel has emerged as one of the most employee-friendly companies in the world, and is known for creating industry standards in the field of human resources. The Company has been a pioneer in employee welfare schemes and community initiatives, even before the legislation mandated them. A few of these include the 8-hour work day, Leave with Pay scheme, and the Workers’ Provident Fund Scheme, all of which were adopted by the International Labour Organisation and enacted by the Law in India.

Tata Steel has been constantly innovating and pioneering people practices in the realms of hiring, engagement, diversity & inclusion, rewards & recognition and performance management. In keeping with the changing times, the Company has introduced several path breaking policies, practices and initiatives for various segments of the workforce like 5-day workweek, menstrual leave, paternity leave, adoption leave, satellite office operation, employee assistance programme (tilted UMANG) and Take 2 (to provide a platform to the partners of the Tata Steel employees and women professionals who are on career break) to name a few.

As an equal opportunity employer, Tata Steel has ensured fair representation of people from the under privileged sections of the society. The Company’s Diversity & Inclusion Programme ‘MOSAIC’ is enabling diversity of gender, hiring & inclusion of PwDs (Persons with Disability), inclusion of LGBT and more.

About Tata Steel
Tata Steel Group is among the top global steel companies with an annual crude steel capacity of 27.5 million tonnes per annum (MTPA) as on March 31, 2018. It is one of the world's most geographically-diversified steel producers, with operations and commercial presence across the world. The Group recorded a consolidated turnover of US $20.41 billion (INR 133,016 crore) in FY18. Tata Steel Group is spread across five continents with an employee base of over 65,000.

Tata Steel retained Industry Leader position in FY18 and ranked second overall in the DJSI assessment, 2017. The Company has been recognised as the Climate Disclosure Leader in ‘Steel category’ by CDP (2017). Besides being a member of the World Steel Climate Action Programme, Tata Steel has won several awards including the Prime Minister’s Trophy for the best performing integrated steel plant for 2016-17, Best Risk Management by CNBC TV18 (2018) and ‘Corporate Strategy Award’ by Mint (2018). The Company also received the ‘Most Ethical Company’ award from Ethisphere Institute for the sixth time (2018), Steel Sustainability Champions (2017) by the World Steel Association, Dun & Bradstreet Corporate Awards (2017 & 2018), Golden Peacock HR Excellence Award by Institute of Directors (2017 & 2018) as well as 'Asia's Best Integrated Report' award by the Asia Sustainability Reporting Awards (2017), among several others.

In 2018, the Company launched a corporate brand campaign #WeAlsoMakeTomorrow in India. Know more at www.wealsomaketomorrow.com

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Disclaimer
Statements in this press release describing the Company’s performance may be “forward looking statements” within the meaning of applicable securities laws and regulations. Actual results may differ materially from those directly or indirectly expressed, inferred or implied. Important factors that could make a difference to the Company’s operations include, among others, economic conditions affecting demand/ supply and price conditions in the domestic and overseas markets in which the Company operates, changes in or due to the environment, Government regulations, laws, statutes, judicial pronouncements and/ or other incidental factors.