Tata Steel, India's largest and the oldest steelmaker, is undergoing an internal transition as several senior managers are reaching their retirement age, leaving the company in the hands of a younger generation.
While for the first time in more than a century of existence the company will become multi-location in the country next year, the company's human resource department has stepped up efforts to fill up the posts and ensure necessary transition.
"We are going through a transition, including leadership changes; since a lot of people at the operating level will retire in three years, we are moving people laterally and integrating them into the Tata Steel culture to create an
organisation that is confident, creative, collaborative, comfortable with itself," TV Narendran, managing direction of Tata Steel India, said in an internal communication.
Tata Steel's Rs 40,000 crore Kalinganagar project in Odisha is expected to start producing steel by the end of this financial year after several delays. Till now, Jamshedpur was the only location that produced steel for Tata Steel in India.
"As we scale up, the centre of gravity will shift from Jamshedpur. How then do we create high levels of employee engagement? We want to create an environment where people can excel," Narendran added.
About 17% of senior leaders are retiring in the next three years, compounding the challenge of meeting the increased demand in an already constrained supply situation, Tata Steel's head of human resource Suresh Tripathy had said earlier. He had also mentioned that business growth resulted in a 45% rise in demand forleadership positions over fiscal 2010.
Tata Steel is conscious of the fact that the vacant positions will be taken up by a relatively younger generation, and is planning in a manner that knowledge transition too takes place so that company does not lose out on learning from experience, according to a person familiar with the matter.
Tata Steel did not reply to the mail asking about the number of senior managers leaving the company, and details on
the hiring process.
Narendran, 48, is one of the youngest leaders to take over the reins at Tata Steel last year, beating many older contenders in the race.
Forty-five year old Tata Group chairman Cyrus Mistry has demonstrated that he is most comfortable with a younger team.
The company employs more than 80,000 people globally, according to the Tata Steel's website.
Source The Economic Times
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