Tata Steel Limited features among India’s Best Workplaces in Manufacturing 2020
~ The Company has been Great Place to Work-Certified TM for three years in a row ~
~ Considered a ‘Gold Standard’ in workplace culture assessment and recognition ~
Tata Steel has featured among India’s Best Workplaces in Manufacturing 2020 for creating a Great Place to Work for all the employees and building a High-Trust, High-Performance Culture™, imbibing aspects of Credibility, Respect, Fairness, Pride and Camaraderie.
Suresh Dutt Tripathi, Vice President, Human Resource Management, Tata Steel, said: “It is a matter of immense pride for all of us at Tata Steel to consistently feature among the best employers in India’s manufacturing sector. The value of this recognition is particularly empowering for a large and employee-centric organisation like Tata Steel which is built on decades of trust. Today, employers not just in India but globally must continuously work towards raising and meeting the standards of work environment to attract, engage and retain the best talent to remain competitive. This recognition will further reinforce our commitment to create a work culture that is inclusive and nurtures talent to accomplish and deliver to the best of their abilities.”
Commending Tata Steel’s HR practices and a work culture that embraces diversity at all levels, Great Place to Work® Institute said: “Tata Steel continues to inspire with its people-friendly, progressive and robust HR programs. From multiple initiatives in the area of affirmative action, with special focus on the tribal community, to be sensitive to the needs of the LGBTs, Tata Steel has showcased what a truly inclusive organization looks like. The work environment challenges and nurtures its people in equal measures. Opportunities for learning and growth are ample. The many engagement activities ensure the feeling of one giant family.”
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), deployment of women workforce in mines and on shop floors in all shifts, LGBTQ+ inclusive policy, 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 LGBTQ+ and more.
The ‘Best Workplaces in Manufacturing 2020’ recognition is given by Great Place to Work®, a global authority on building, sustaining and recognising High-Trust, High-Performance Culture at workplaces around the world.
Every year, Great Place to Work® partners more than 1000 organisations in India and after a rigorous assessment, identifies the best of them as Great Workplaces. This recognition is a celebration of the best work cultures in the country and is the most prestigious and the most credible employer brand recognition.
This year, in India, 142 manufacturing organisations undertook this assessment, and the Institute identified the Top 30 India’s Best Workplaces: Manufacturing, 2020.
Organisation that made it to this prestigious list, were evaluated under two parameters -- Trust Index© and Culture Audit©. For the Trust Index©, the survey had sought anonymous feedback from employees and carries 2/3rd weightage. The current study represents the voice of 337,129 employees in the sector. The Culture Audit©, which is a proprietary tool evaluates the quality of people practices of an organization, covering the entire employee lifecycle and carries 1/3rd weightage. The cumulative score of Trust Index© and Culture Audit© determines an organisation’s inclusion in India’s Best Workplaces in Manufacturing 2020. The true of making it to this coveted list comes from the assessment and evaluation structure that is purely based on employees’ feedback and quality of people practices and without any influence from an individual or a jury.
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 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