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A Company Is As Great As Its People an Employer of Choice

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A Company Is As Great As Its People an Employer of Choice ISSUE 56 | VOL 13 | May 24, 2021 Vedanta Newsdesk CHAIRMAN'S MANN KI BAAT NAND GHAR BU UPDATES VEDANTA RECOGNISED AS GREAT PLACE TO WORK-CERTIFIEDTM ORGANISATION In a resounding endorsement of its people-centric approach, Vedanta group, India’s leading producer of metals, minerals and oil & gas, has been has been accredited as Great Place to Work-CertifiedTM organization for creating an ecosystem of trust, high-performance culture and imbibing aspects of credibility, respect, fairness, pride and camaraderie among its employees. The recognition of being ‘Great Place to Work- CertifiedTM bears testimony to the constant innovation and pioneering people practices in the domain of hiring, engagement, diversity & inclusion, rewards & recognition, talent and performance management. GPTW HONOURS FOR VEDANTA BUSINESS UNITS Vedanta’s businesses including Cairn Oil & Gas, BALCO, TSPL, ESL, Iron Ore Business, Vedanta Jharsuguda, and Hindustan Zinc have also been certified as a Great Place to Work. This recognition is a hallmark of the Vedanta Group’s commitment towards being an employee friendly workplace. The Vedanta Group has over the years proved to be the employer of choice and HZL Masked Employees employees have shared very positive feedback on aspects like Pride and Management Competence. The certification entails a comprehensive assessment process analysing organization culture, values, people practices, work environment, growth opportunities and work life balance of employees. VC at BALCO - 2019 VC at Jharsuguda – 2019 GPTW: A GOLD STANDARD FOR GREAT WORKPLACES Great Place to Work® is the global authority in creating, assessing, and identifying the Best Workplaces world over. Great Place to Work® Institute’s methodology is recognized as rigorous and objective and is considered as the gold standard for defining great workplaces across business, academia, and government organizations. Great Place to Work® Institute has conducted pioneering research on the characteristics of great workplaces for over 30 years. It partners thousands of organizations every year around the world to help create and sustain a High-Trust, High Performance Culture™. THE EVALUATION MECHANISM The Great Place to Work® Institute evaluates organisations solely based on the Employee Feedback and quality of People Practices in the organization. Globally, more than 10,000 organizations across 60 countries aspire to achieve this recognition. VEDANTA EMPOWERS PEOPLE What differentiates progressive organizations is their ability to keep talent-first and focus on key talent management, upskilling, performance management revamp, and fit-for- future organizational designs. Vedanta has over the years created a culture that engages and empowers. The Group’s HR philosophy encompasses an inclusive approach to become an industry-leading employer across all businesses. Since last year, Covid-19 has posed unprecedented challenges, and is testing the character of the best of corporations globally. Vedanta has endeavored to ‘Respond, Recover and Thrive’ amidst the conundrum and took up broad spectrum measures that were unprecedented, ensuring business continuity and well-being for employees and community. Insurance Cover for Employees Vedanta is a people-focused company. It has undertaken several initiatives during the pandemic to ensure that health and well-being of the employees. To provide a sense of security to employees and their families, the company has introduced a best-in- class Term Life Insurance Policy with world-wide coverage for all executives across the group. The policy provides with coverage of 5x fixed pay of employees which is equivalent to annual salary for 5 years. The Medical insurance cover has also enhanced to 1.5 times the existing eligibility. Besides, the company is extending all support that is required and corporate floater cover is introduced for any employee that exceeds their eligibility. V-Reach Program for Graduates The initiative is focused on identifying Vedanta’s talent that joined as graduates and had, over time, displayed drive and resilience, along with strong digital and automation capabilities to be presented with elevated responsibilities and perks, thereby boosting their career trajectory. The four-month long selection process was rolled out to 5,000+ employees and involved a comprehensive process of candidate shortlisting to ensure adherence to the set criteria. The 500 selected employees demonstrated high-performance as well as potential and displayed, and often recognised for, a strong focus and capability in automation, analytics, and digital tools. Vice Chairman’s Internal Growth Workshop Vice Chairman’s Internal Growth Workshop is the Identification of high performing talents to enhance leadership quality and give them enhanced roles and responsibilities followed by a structured review mechanism to map their growth and performance. Vice Chairman interacts with the talents personally to support their growth journey. More than ~1000 Leaders have been identified via this initiative across BUs. V-Lead – Grooming Future Women Leaders Identification & structured anchoring of top women leaders across the Group with the objective of developing future Women CXOs in the organization to identify the high potentials across the Group. All the leaders identified are mentored by Exco/ ManCom members with a clear defined path to access their growth & performance likewise. Vice Chairman’s Virtual engagement with SBUs Vice Chairman interacts with each of the Businesses through this initiative and gets their feedback on various key priorities including Management In Place; Volume, Cost, Margin and R&R; Safety, Health and Environment; CSR & Community Relations; People Development; Newer Technology, Digitalization, Innovation, Analytics, Benchmarking and Quality. Chairman’s Discretionary Award To acknowledge employee’s commitment and act beyond the call of duty during uncertain times of COVID-19 which enabled us to operate our plants and maintain our production volumes, Chairman’s Discretionary award was launched to acknowledge and appreciate employees who have risen to the occasion ensured that all plant operations continued without disruption. A COMPANY IS AS GREAT AS ITS PEOPLE A company is only as great as the people who embody the mission, those who go above and beyond to see their company thrive. ANIL AGARWAL CHAIRMAN, VEDANTA AN EMPLOYER OF CHOICE “Being recognized as a Great Place to Work-Certified™ Organisation in India is a matter of great pride! Congratulations to the entire Vedanta family. It’s all about our people.” NAVIN AGARWAL VICE CHAIRMAN, VEDANTA “Vedanta has become one of the few organizations in India to be awarded with this coveted recognition as a conglomerate setting a benchmark for others. This recognition bears testimony to our continuous efforts towards being SUNIL DUGGAL the Best Employer Brand.” GROUP CEO, VEDANTA The recognition from Great Place to Work® bears testimony to the work culture of Vedanta group which has been built over the years, keeping people before profit. The recognition is a milestone for us towards excellence and will further bolster our confidence in thriving to be the employer of choice across sectors. MADHU SRIVASTAVA GROUP CHRO, VEDANTA Proud to have spearheaded this initiative. Vedanta Group being recognized as Great Place to Work is a matter of pride for all of us. This recognition validates that Vedanta has put in place industry-leading Best-In-Class People Practices that focuses on empowerment, growth and development of our people. We would like to express our sincere thanks PRAVEEN PUROHIT and gratitude to our Vice Chairman for his DEPUTY GROUP CHRO, VEDANTA continuous guidance and inspiration on our inspiring people practices. “Many congratulations to Vedanta Group on getting Great Place to Work-CertifiedTM. We hope you keep raising the bar for yourself and other organizations and conglomerates aspiring to become great workplaces.” WILMA MOHAPATRA VICE PRESIDENT, GREAT PLACE TO WORK® PROUD TO BE A PART OF VEDANTA Vedanta has always been a pioneer in setting benchmark with its people best practices. Employee wellbeing is not just a priority but our DNA. GPTW is a natural outcome culture of care and growth with Inclusiveness and diversity focus being deeply imbibed philosophy. Proud to be have initiated my career with this organisation Nidhi Kumari, HRBP Finance When you work for a company that genuinely cares for you and helps to unleash your true potential, you know you are in just the right place.The positive environment and mutual respect for one another based on the strong foundation of Vedanta’s values is truly the differentiating factor. This is indeed a Great Place to Work! Aadya Jha Sahni, HZL Being Great place to work certified is a huge testimony and the much-deserved recognition. This reflects the passion, commitment that we have towards excellence in people practices. Pandemic has been tough, but that did not stop us from driving great flagship projects like V Reach (Graduate leadership program for your Graduates pool who form the backbone of your foundation), V-Lead ( Women Leadership development Program), Group incentive scheme, term life insurance and the list is endless. Kudos to Vedanta on this huge recognition. Sadhna Verma, Chief HSE “I feel proud to be a part of an organization which is certified as Great Place To Work. This is truly a big recognition and achievement that manifests our trust-based, high-performance culture and best in class people practices.” D.K.
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