Ethical benchmark : Tata Steel

 TATA STEEL : AN ETHICAL INSPIRATION

Hello readers, This blog is dealing with the endeavours of Tata Steel in maintaining its ethics and moral for the transformation of the society and corporations. When the well known business organisations are found guilty and failed in upholding their standard of ethics, Tata Steel is setting a benchmark for the rest of the organisation as it has been recognised by Ethisphere Institute as one of the most ethical company of 2019.

Tata steel, known to be as India's oldest industry established by Shri Jamshedji Tata in 1907. From its initial years, company was focused on the welfare of employees and social responsibility. The values and principles which were leading the company came as company’s code of conduct in 1998. Through this all the employees were guided and motivated to maintain the values, ethics and business principles. The Tata code of conduct was mandatory for the autonomous group companies to leverage on ‘TATA’ as a brand.

One of the senior managers of the company stated that “deciding to implement the Tata code of conduct was not easy for us. We had always believed in ethical practices and we have to make sure that each and every employee of more than 50000 employees practiced the code of conduct. The company also created Ethics counsellor at the senior management level. He must report to the managing director for the day to day functioning of the code of conduct.

Having succeeded in the creation and spreading awareness about the code of conduct of the company by organizing nearly 15 awareness programmes for the families of the executives. The workshops for families were primarily restricted to the senior level management but later introduced to every employee working in the company.

Every month, one ethics coordinator was rewarded on the basis of quality of work. Even the employees are rewarded whenever they show a high moral behaviour. However, the company decided not to make it a part of the performance appraisal system as the management felt that following is a must and who else will not follow the code of conduct or violates the code of conduct, he/she will be dismissed from the company.

So, I want to conclude my blog by saying that the code of conduct is being properly followed in the Tata. We all are aware that ethics is the thing which every company must follow in order to stay in a long race of business. I feel that the Tata’s are doing it with perfection and I hope to see more good things and ethical vibes from the Tata co. and I hope that every company follows ethics as a part of its business.

Thank you for your patience. Do comment your views on the topic.