PEOPLE

People are our key assets. We believe in nurturing leaders from within and providing opportunities for growth across levels and geographies. Our vision is to build a fast, flexible and flat organisation with world class capabilities and a high performance culture across all of our businesses.

Our people policies, applied across all of our Group companies, is to:

• follow a philosophy of meritocracy and are committed to ensuring that our workplaces are free from all forms of discrimination or harassment on the basis of age, caste, sex, religion during all our processes encompassing recruitment, employee development and rewarding performance.
• manage our businesses in a fair and equitable manner, meeting all our social responsibilities as a direct and indirect employer and respect the human rights of all of our stakeholders.
• have robust processes and systems in place for leadership development, training and growth to deliver value to the organization and society.
• as part of the whistle blower policy give employees an opportunity to report matters which they believe to transgress or contravene our Code of Conduct.
• ensure that our supplier and customer relationships are conducted in a fair, proper and transparent manner.
• strive to achieve and drive forward industry best practice in our social stewardship.
• on acquisitions and mergers, uphold and honour all ongoing commitments ensuring smooth integration of the two organisations and sharing of best practices.
• comply with all applicable legislative and statutory requirements and align with the principles in the Convention on the Rights of the Child of the United Nations and Convention 138 of the International Labour Organisation.
• be a responsible and good local neighbour.
  
  

Our Subsidiary companies have aligned our Group policies appropriate to their own requirements.

PERFORMANCE
Our people performance indicators include:

• measures relating to diversity, equal opportunity and human rights;
• learning, development and training statistics;
• performance management against set KRA’s and Vedanta leadership model;
• information relating to the conduct of our business (such as bribery and corruption prevention); and
• employee communication.
  

Detailed information concerning our social performance will appear in our forthcoming Sustainable Development Report. Highlights include:

• our unique ACT-UP scheme identifies leaders at an early stage, designated “Stars of Business” and places them on a fast track programme. This ensures that we continue to have the succession management plans in place and that many of our future senior managers come from within the business.
• our Global Leadership Program provides key and talented employees in the Group an opportunity to work on important projects and focused assignments, in an overseas environment for a period of 6-12 months.
• each of our operating locations follows a chosen performance improvement engine like Six Sigma, TQM, TPM, Quality Circles
• employee turnover around all of our businesses throughout the year was only 4%.
• a large proportion of our workforces are members of a trade union (approximately 68%). We actively communicate and enter into dialogue with our workforce and believe in maintaining a positive atmosphere by being proactive with respect to resolution of labour issues.