January 22, 2019
Tata Steel wins the prestigious Golden Peacock HR Excellence Award 2018
The steel giant receives the recognition for its pioneering and world-class HR and people management endeavours
Mumbai: Tata Steel won the prestigious Golden Peacock HR Excellence Award 2018 for its commitment to healthy employee relations, growth and development, while ensuring work satisfaction. Prakash Mehta, State Cabinet Minister for the Housing Department, and Rajashree Birla, director, Aditya Birla Group, presented the coveted award to Suresh Dutt Tripathi, vice president, human resource management, Tata Steel, at an event held in Mumbai on January 17, 2019.
|The Tata Steel team and Suresh Dutt Tripathi, vice president, human resource management, Tata Steel, receive the Golden Peacock HR Excellence Award 2018 from Prakash Mehta, State Cabinet Minister for Housing Department, and Rajashree Birla, director, Aditya Birla Group|
On receiving the award, Suresh Dutt Tripathi 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 well-being. The award will further motivate us to continue our journey of innovative HR and people management practices.”
Over the last 100 plus 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 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 and inclusion, rewards and 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 (titled Umang) and Take 2 (to provide a platform to the partners of Tata Steel employees and women professionals who are on a 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 and inclusion programme ‘Mosaic’ is enabling diversity of gender, hiring and 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 the 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, 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 three-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.