NLMK Group, an international steel company, has topped the ‘People are the most valuable capital’ nomination in the annual SAP Value Award for implementing an updated HR management system based on SAP Human Capital Management (SAP HCM) and SAP SuccessFactors cloud solution. The use of advanced technology solutions improved the quality and agility of management decision-making.
The SAP Value Award was set up by SAP for its Russian and CIS clients. It is awarded to IT projects that have created an impact and proven value. Companies are awarded in 9 categories. The Jury is made up of SAP CIS executives and representatives of large businesses.
NLMK Group was awarded for a large-scale HR transformation project. The Company has created a centralized HR management system covering 52,000 users at its Russian sites, unified the payroll system, launched a straff recruitment process based on a single regulation, created a platform for employee assessment and calculation of performance-based remuneration.
These efforts have significantly expedited the generation of analytical reports, simplified staff search and recruitment processes, and facilitated personnel transfers and rotation.
Mikhail Arkhipov, NLMK Group Vice President for HR and Management System, said:
“The transformation of our HR management system has enabled us to make HR processes more user-friendly and transparent. We have tapped into new opportunities of working with our people, analyzing their performance, selecting and assessing personnel. SAP solutions have helped us make our employees more aware and responsible about their individual contribution to achieving the Company’s business goals and their own development.”
Elena Demyanova, NLMK Group Vice President for IT, said:
“We carried out a large-scale HR transformation in just 13 months, which is a record time for the deployment of SAP HCM to a business of this scale and of our operational focus in Russia. There are currently around 800 HR Service users working in the new system. Transitioning to a new level of automation will boost labor productivity and offer new instruments for process management and supervision.”
About NLMK Group
NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world.
NLMK Group’s steel products are used in various industries, from construction and machine building to the manufacturing of power-generation equipment and offshore windmills.
NLMK operates production facilities in Russia, Europe and the United States. The Company’s steel production capacity exceeds 17 million tonnes per year.
NLMK has the most competitive cash cost among global manufacturers and one of the highest profitability levels in the industry. In H1 2018, the Company generated $5.9 billion in revenue and $1.7 billion in EBITDA. As of 30 June 2018, Net debt/EBITDA stood at 0.31х. The company has investment grade credit ratings from S&P, Moody’s, Fitch, and RAEX (Expert RA).
NLMK’s ordinary shares with a 16% free-float are traded on the Moscow Stock Exchange (ticker "NLMK") and its global depositary shares are traded on the London Stock Exchange (ticker "NLMK:LI"). The share capital of the Company is divided into 5,993,227,240 shares with a par value of RUB1. For more details on NLMK shareholder capital, please follow the link.
The jury of the prestigious S&P Platts Global Metals Awards held by S&P Global Platts, a leading international industry analytical periodical, announced NLMK Group as winner of the Industry Leadership Awards – Steel in 2016, and awarded it the CEO of the Year in 2018.
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