Tata Steel Among Top 3 Most Attractive Employers in India: Randstad Employer Brand Research (REBR)

~ Recognised for its financial health as well as good reputation of being an ideal employer ~

~ The research covered 32 markets globally and surveyed 163,000 respondents ~

Tata Steel has once again been recognised as one of the most attractive employer brands in India. In the recently announced Randstad Employer Brand Research (REBR) 2023, Tata Steel has secured a position among the top 3 companies, reaffirming its commitment to fostering a culture of trust, growth, and care for its employees. Tata Steel was among India's top 10 most attractive employer brands by REBR in 2022 and has now moved to the esteemed top 3 rankings.

The REBR analysis delves deep into the perception of India's 150 largest employers and evaluates various factors such as the employee value proposition and employer attractiveness. This year's research covered 32 global markets and gathered insights from an extensive survey of 163,000 respondents. The report reveals that work-life balance, good reputation and attractive salary & benefits are the 3 most important Employee Value Proposition (EVP) drivers for the Indian workforce when choosing an employer.

Atrayee Sanyal, Vice President, Human Resource Management, Tata Steel, expressed her enthusiasm about the Company's achievement, stating, “We are delighted to be ranked among the top three most attractive employer brands in India by Randstad Employer Brand Research 2023. This recognition reflects our unwavering commitment to fostering a workplace that inspires and empowers our employees. At Tata Steel, we prioritise creating a compelling employee value proposition and cultivating an inclusive environment that drives growth and innovation. This accolade motivates us to continue investing in our talented workforce and reinforces our position as a leading employer brand, dedicated to shaping a brighter future together."

Tata Steel is committed to providing its employees with a remarkable professional journey and a rewarding personal life. Striving for balance, Tata Steel believes in empowering individuals to thrive in all aspects of their lives.

Over the last 115+ 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 workday, Leave with Pay, and Workers’ Provident Fund Scheme, all of which were adopted by the International Labour Organisation and enacted by the Law in India. The journey of institutionalising pioneering policies and initiatives continues with additions like Extended maternity leave, Surrogacy leave, Child-care leave, Equal opportunity & anti-discrimination policy, New-born parental leave, Adoption leave, Raahat-Menstrual leave, Take Two Policy - work avenues for women with career break, GIG model of contracting, and more.

Aligned with its steadfast commitment to diversity, equity, and inclusion, Tata Steel has taken the lead in driving transformative programmes such as the inclusion of transgender individuals and women in core mining operations. Furthermore, Tata Steel has championed equal HR benefits for LGBTQIA+ partners, setting new industry benchmarks.

Tata Steel’s Industry-leading policies and concerted efforts earned the Company the “Great Place to Work” certification by the Great Place to Work® Institute for the sixth consecutive year. Its pioneering role in fostering an inclusive workplace that values human capital was recognised with the “GOLD” award for the second consecutive year by the India Workplace Equality Index (IWEI) 2022, and acknowledged as a Global Diversity, Equity & Inclusion Lighthouse by the World Economic Forum.

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.

For queries and information

Sarvesh Kumar,

Chief Corporate Communications - Tata Steel,

E-mail : sarvesh.kumar@tatasteel.com

About Tata Steel

• Tata Steel group is among the top global steel companies with an annual crude steel capacity of 35 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 recorded a consolidated turnover of ~US$30.3 billion in the financial year ending March 31, 2023.
• A Great Place to Work-Certified^TM organisation, Tata Steel Limited, together with its subsidiaries, associates, and joint ventures, is spread across five continents with an employee base of over 77,000.
• Tata Steel has announced its major sustainability objectives including Net Zero Carbon by 2045, Net Zero Water consumption by 2030, improving Ambient Air Quality and No Net loss in Biodiversity by 2030.
• The Company has been on a multi-year digital-enabled business transformation journey intending to be the leader in ‘Digital Steel making by 2025’. The Company has received the World Economic Forum’s Global Lighthouse recognition for its Jamshedpur, Kalinganagar and IJmuiden Plants.
• Tata Steel aspires to have 25% diverse workforce by 2025. The Company has been recognised with the World Economic Forum’s Global Diversity Equity & Inclusion Lighthouse 2023.
• The Company has been a part of the DJSI Emerging Markets Index since 2012 and has been consistently ranked amongst top 10 steel companies in the DJSI Corporate Sustainability Assessment since 2016.
• Tata Steel’s Jamshedpur Plant is India’s first site to receive ResponsibleSteel^TM Certification.
• Received Prime Minister’s Trophy for the best performing integrated steel plant for 2016-17, 2023 Steel Sustainability Champion recognition from worldsteel for six years in a row, 2022 ‘Supplier Engagement Leader’ recognition by CDP, Top performer in Iron and Steel sector in Dun & Bradstreet's India's top 500 companies 2022, No. 1 brand in India in the Mining and Metals industry in Top 100 brand rankings for 2023 by Brand Finance, and ‘Most Ethical Company’ award 2021 from Ethisphere Institute.
• Received 2022 ERM Global Award of Distinction, ‘Masters of Risk’ - Metals & Mining Sector recognition at The India Risk Management Awards for the seventh consecutive year, and Award for Excellence in Financial Reporting FY20 from ICAI, among several others.

Photographs: Management and Plant facilities

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Website: www.tatasteel.com and www.wealsomaketomorrow.com

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