Tata Steel wins the prestigious Golden Peacock HR Excellence Award 2018
~ The steel giant receives the recognition for its pioneering and world-class HR & people management endeavours ~
Tata Steel won the prestigious Golden Peacock HR Excellence Award (GPHREA) 2018 for its commitment to healthy employee relations, growth and development, while ensuring work satisfaction. Mr. Prakash Mehta, State Cabinet Minister for Housing Department and Mrs. Rajashree Birla, Director, Aditya Birla Group presented the coveted award to Mr. Suresh Dutt Tripathi, Vice President, Human Resource Management, Tata Steel at an event held in Mumbai on Jan 17, 2019.
On receiving the award, Mr. Suresh Dutt Tripathi, Vice President, Human Resource Management, Tata Steel, said, “As one of the leading producers of steel in the world, Tata Steel has for more than a century now, created benchmarks in context of employer-employee relationship that have become industry standards. We are honoured to receive the ‘Golden Peacock HR Excellence Award 2018’ for our commitment towards employee’s well-being. This award will further motivate us to continue our journey of innovative HR and people management practices.”
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 some 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.
Employees are Tata Steel’s most important asset and prioritising their needs and ensuring their well-being is integral to the Company’s sustainable future. Last year in month of September, the Company had flagged off its new brand campaign under the theme of ‘We Also Make Tomorrow’ to showcase its pioneering work in the areas of innovation, technology and sustainability.
The Golden Peacock Awards, instituted by the Institute of Directors (IOD), is regarded globally as a benchmark of Corporate Excellence. The Golden Peacock HR Excellence Award, introduced in 2011, is a major recognition framework to mark successes and accomplishments for the HR fraternity in India. It recognises leading organisations and practitioners in the drive for impactful human capital strategies. The Golden Peacock Awards Secretariat invites applications from the Indian manufacturing and service organisations. The applications are shortlisted for final selection through a 3-tier assessment. This year, 134 applications were shortlisted from an initial count of 338 responses. The final selection process is administered by an exhaustive set of self-assessment parameters. The applicant scoring the highest, among each of the respective Industrial Sectors, is finally recommended to the Jury for the final selection.
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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