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Essar Steel Project On HR Policy
Essar Steel Project On HR Policy
History The Essar Group was founded in 1969 by brothers Shri Shashi Ruia and Shri Ravi Ruia. The Essar Group began its operations with the construction of an outer breakwater in Chennai port. It quickly moved to capitalise on every emerging business opportunity, becoming India s first private company to buy a tanker in 1976. In the 1990s, Essar began its steelmaking business by setting up India s first sponge iron plant in Hazira, a coastal town in the western Indian state of Gujarat. The Group went on to build a pellet plant in Visakhapatnam and eventually a fully integrated steel plant in Hazira. The Construction business helped the Group build most of its business assets. Essar also entered the GSM telephony business, establishing India s first mobile phone service in Delhi (branded Essar Cell phone) with Swiss PTT as the joint venture partner.
Forward and backward integration, state-of-the-art technologies, in-house research and innovation have made Essar Global a leading player in each of its businesses. Essar s abiding philosophy is to be a low cost, high quality, technology driven group with innovative customer offerings.
Mission
We are committed to innovative growth, through our personal passion, reinforced by a professional mindset, creating value for all those we touch.
own employees but enabling and enriching the communities around the areas where its plants are located. In addition, the Group has been at the forefront in rendering aid and assistance by way of donations as well as relief supplies in times of national calamities, such as the Tsunami, earthquakes and floods.
Employees Motivation
The underlying objectives of Essar s activities is to motivate employees to participate in and contribute to the activities initiated by the Community Relations Centre, to create self-help groups for village women, to further overall development of children and women, and to spread awareness about AIDS and de-addiction.
Essar s policy for the People who related with the company
People, our most valuable assets At Essar, we understand that excellent people deserve excellent people practices. That's why we design our human resource initiatives such that they unlock the full potential of every employee.
Recruitments
We welcome talented college graduates. We are a preferred employer at India's top engineering and business schools because we offer competitive compensation, diverse opportunities in terms of business and roles, fast growth and quick assumption of large responsibilities. For the same reasons, we are able to attract the best and the brightest talent at all levels.
Campus Programs
The Essar group has a strong emphasis on hiring at the entry level, to create a pool of talented employees who are developed and groomed to grow with the group. At the entry level, the group hires mainly through two types of programmes: Management trainee programmes Graduate trainee programmes Business leadership programmes
which includes classroom sessions, an introduction to all the group companies, plants and corporate functions, and a six-day executive leadership camp at the Essar Learning Centre. Soon after the induction, in an interview with corporate human resources each trainee has the opportunity to discuss mutual expectations, a career map and the group company and assignment that he or she will be posted to. Trainees are confirmed after completing the one-year management trainee programmes. Depending on their capabilities, management trainees can usually look forward to a faster career track, an expanded role and eventually, a leadership position within the organization.
Building careers
Essar has a high emphasis on performance, and we link both career growth and rewards directly to merit and achievement. We customize career paths and retention plans according to the unique needs of an individual. Right from the entry level, we draw career maps for each employee, outlining possible alternate career paths, which could include planned job rotations between functions or even group companies.
of India s foremost training facilities, training 2,000-odd people a year through 7,000 man days of training. Being a dedicated facility, the ELC allows us to design tailor-made and flexible programmes, so that training at Essar is always relevant and customized both to business needs and the needs of the individual. Our programmes cover a wide range of technical, functional and behavioral training, from materials management to e-commerce procurement to transformational leadership and communication and negotiation skills. Our faculty includes the best of experts and practicing managers. Since we believe in imparting managerial & behavioral training, we also include a number of non-business modules like corporate etiquette or parenting skills. The ELC also has extensive resources for selfdevelopment such as a business library of books and audiovisual material. Thus, we support and encourage all Essar employees to develop themselves to the fullest.
specially designed outdoor games and activities such as a treasure hunt or rappelling.
Corporate Functions
Mr. S. V. Venkatesan(Resident Director Chennai) Mr. J. Mehra (Resident Director - New Delhi) Mr. Jayesh Buch(Resident Director Ahmedabad) Mr. Madhu S. Vuppuluri (Resident Director - New York) Mr. Suresh Sundaram(Director - Corporate Aviation) Mr. Adil Malia(President - Human Resources) Mr. Sunil Bajaj(President - Corporate Affairs) Mr. Mukesh Bhavnani(President Legal) Mr. Vijay Mehra (Chief Information Officer) Mr. Sharad Goel(Group Head - Media Relations) Mr. N. S. Paramasivam(Group Head - Forex & Treasury) Mr. Dinyar M. Jivaasha (Group Head - Corp. Risk & Ins. Mgmt.)
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Suppliers of RINL can also give suggestions in prescribed Vendor Suggestion forms available at Vendor Development Cell of Materials Management Department.
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Acknowledgement letter after receiving suggestions will be given by the concerned section / department to the suggestor.
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A committee comprising of HOD of Marketing, HOD of MS Department and member from Finance (not below the rank of E-5) will evaluate the suggestions received from the customers.
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A committee comprising of HOD of Materials Management Dept., HOD of MS Dept. and member from Finance (not below the rank of E-5) will evaluate the suggestions received from the suppliers.
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Mementoes will be given to selected suggestors at Annual Customers Meet / Vendors Meet / Appropriate forum.