Tata Steel recognised among India's Best Workplaces: Large Organization, 2020
~ 3rd time to be accorded with this special recognition ~
Tata Steel has been certified as a Great Place to Work organisation in India under the category of ‘Large Organizations’ with over 500 and less than 50,000 employees. The annual certification from the Great Place to Work® Institute recognises Tata Steel’s work towards building an organisation of High-Trust, High-Performance Culture™.
Mr. Suresh Dutt Tripathi, Vice President, Human Resource Management, Tata Steel said: “We are honored to be certified as a “Great Place to Work” for yet another year. Tata Steel believes in building an organisation that places a premium on investing in a culture of nurturing trust & employee empowerment as the corner stones of high-performance. This fundamental philosophy has remained unchanged over the years in Tata Steel, and we have worked to keep it relevant with the changing times and employee aspirations.”
Over the years, Tata Steel has introduced several path-breaking policies, practices and initiatives for various segments of the workforce like 5-day work week, menstrual leave, paternity leave, adoption leave, satellite office operation, employee assistance programme 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. MOSAIC, the diversity & inclusion initiative of Tata Steel, introduced in 2015, also defines the path the Company has taken to build a people-oriented inclusive culture.
Earlier this month, Tata Steel rolled out a new HR policy that enables colleagues from the LGBTQ+ community to declare their partners (people of same-sex living like a married couple) and avail all HR benefits permissible under the Law.
Every year, more than 10,000 organisations from over 60 countries partner with Great Place to Work® Institute for assessment, benchmarking and planning actions to strengthen their workplace culture. Great Place to Work® Institute’s methodology is recognised as rigorous and objective work culture assessment process. It is considered the gold standard in identifying and recognising great workplace cultures.
About Tata Steel
Tata Steel group is among the top global steel companies with an annual crude steel capacity of 33 million tonnes per annum. It is one of the world's most geographically-diversified steel producers, with operations and commercial presence across the world. The group (excluding SEA operations) recorded a consolidated turnover of US $22.67 billion in the financial year ending March 31, 2019. In 2018, Tata Steel acquired Bhushan Steel Ltd (now renamed as Tata Steel BSL Ltd).
A Great Place to Work-Certified organization, Tata Steel Ltd., together with its subsidiaries, associates and joint ventures, is spread across five continents with an employee base of over 65,000.
Tata Steel retained the ‘Global Steel Industry Leader’ position in the DJSI 2018. The Company has been recognized 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 Lighthouse recognition for its Kalinganagar Plant – a first in India, Prime Minister’s Trophy for the best performing integrated steel plant for 2016-17, ‘GreenPro’ certification for products (Tata Pravesh Steel Doors, Tata Structura, Tata Pipes) by CII, Authorized Economic Operator (AEO) status (Tier 2) by the Directorate of International Customs (Ministry of Finance, Govt. of India), ‘Corporate Strategy Award’ by Mint (2018), Golden Peacock Award for Risk Management (2018) and Best Risk Management Framework & Systems Award (2019) by CNBC TV18. The Company also received the ‘Most Ethical Company’ award from Ethisphere Institute for the eight time (2019), Steel Sustainability Champion (2018) by the World Steel Association, Dun & Bradstreet Corporate Awards (2019), Golden Peacock HR Excellence Award by Institute of Directors (2018), ‘Best Companies To Work For’ recognition by Business Today, 'Asia's Best Integrated Report' award by the Asia Sustainability Reporting Awards (2017), among several others.
Last year, the Company launched a corporate brand campaign #WeAlsoMakeTomorrow.
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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.