Tata Steel bestowed with Business Today's 'Best Company to Work For' recognition in 2020
~ The steel maker has been consistently recognised for its outstanding workplace practices ~
Tata Steel’s best-in-class workplace practices has bagged Business Today's 'Best Company to Work For' recognition in 2020. This is the third time the steel maker has been accorded this special recognition for its industry leading and progressive HR practices. Tata Steel is the only company from the manufacturing sector in the 2020 list.
The 2020 edition of the ‘Business Today Best Companies to Work For’ survey was conducted with an aim to understand perceptions and aspirations of India's massive workforce across several industries. The survey offers an insight into how industries at large and in specific sectors can align their employer brands to aspirations and thoughts of their workforce.
The key parameters that were captured and measured to make it to this coveted list include fairness and objectivity (performance and how conflicts are managed), learning opportunities, work-life balance and flexibility, compensation and benefits, career growth path, communication, job security and company stability, challenging work opportunities, work environment, culture of inclusion, culture of innovation and leadership's commitment to business.
Suresh Dutt Tripathi, Vice President, HRM, Tata Steel said: “Tata Steels commitment to create the best work environment has been the cornerstone of its success since its inception. Several industrial HR practices that have now become a norm across all sectors can be traced back to Tata Steel’s modest beginnings more than a century ago. This latest recognition from Business Today as the ‘Best Company to Work For’ honours the time-tested workplace traditions of Tata Steel with a modern outlook & futuristic mindset and we are proud to be featured amongst the best employers in India.”
When it comes to people, Tata Steel believes that there is no limit to the value which people can bring to the table if they are provided with the right opportunities for learning, the right culture to empower and the right career opportunities. The Company has strong focus on development and practices such as open job postings which enable employees to move across functions and ‘own their career’. The focused leadership development interventions have enabled the organisation to have more than 90% of its top leaders to be home grown.
Tata Steel has been a pioneer in the field of diversity and inclusion. Tata Steel’s vision is to be a world-class equal opportunity employer where everyone is respected, every voice is heard. The Company has instituted several initiatives such as ‘Women Of Mettle’ - a pioneering scholarship programme for young female engineers, WINGS - the LGBTQ+ resource group, ‘Women@Mines’ - deployment of women in all shifts in Mines, B-shifts deployment of women employees on shop floor, Take Two - to enable second career stints and special onboarding for PWD employees to foster the spirit of inclusion.
Tata Steel strives to build a work environment that focuses on creating an engaged, diversified, productive and healthy workforce through employee friendly initiatives like equal rights for LGBTQ+ partners, work from home, five-day work week, holiday plan and honeymoon package, 26-week maternity leave, menstrual leave, nursing breaks, child care leave for female employees/ LGBTQ+ employees with children aged five years or less, parental leave, best-in-class health care benefits, adoption assistance & leave, support for gender reassignment, satellite working and sabbatical policy.
Tata Steel firmly believes employees are its greatest asset and the focus is to bring out the best in them.
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 (MnTPA). 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 organisation, 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 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 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.
Chief, Corporate Communications-India & SEA