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HARNESSING POTENTIAL WITH PEOPLE-CENTRICITY

Nurturing a culture of growth and empowerment is fundamental to Vedanta’s people prodigy. The primary focus lies on enabling our people to realise their optimal potential that is further supported by cultivating and incentivising performance and contribution towards business goals. Central to our ethos, is the transformation of our workplace and creation of a culture of equal opportunity, through initiatives focussed on health, safety, diversity, equity, and inclusion. Vedanta’s transformational approach is dedicated to unlocking the untapped potential in our workforce, driving sustained organisational success by harnessing a blend of skills, experiences, and diverse perspectives.

Promoting diversity, equity, and inclusion

A commitment to diversity, equity and inclusion (DEI) is deeply embedded in Vedanta’s culture and guides our people strategy. We promote gender parity and embrace individuals from diverse backgrounds and cultures at every level of our organisation, from leadership teams to operational units. We are committed to creating an LGBTQ+ friendly workplace ensuring every individual feels valued and respected.

Our initiatives including role identification, infrastructure and policy upgradations are targeted towards creating an inclusive environment and empowering individuals.

36Transgender employees are contributing to our success

Parenthood and childcare policy

Continuing our dedication to fostering DEI, we have improved our maternity policy to offer better support to our female employees during their transition to motherhood. These improvements are designed to empower women and LGBTQIA+ employees. This initiative reflects our core value of Care and operates on the principle that motherhood is not a career hiatus, but a period of personal growth. Our updated policy also promotes gender equality in childcare support to all employees, regardless of gender or orientation.

Gender reaffirmation policy

Vedanta acknowledges and respects the unique needs and rights of transgender individuals affirming our commitment to equality and non-discrimination. In pursuit of creating a supportive and inclusive workplace environment, we have introduced the Gender Reaffirmation & Leave Policy for individuals from the Transgender Communities. This policy outlines provisions of financial and wellbeing support rendered by Vedanta during the gender reaffirmation process. As on FY 2023-24, Vedanta has more than 35 Transgenders working in various roles across the organisation, majorly in business partner workforce.

Women CXOs in making – V-Lead

Vedanta’s flagship Women Leadership Development Programme V-LEAD is focussed on creating a strong pipeline of women CXOs across functions, involving them in decision-making bodies, and establishing role models to inspire others.

100+

Talented women leaders from experience bracket and specialisation and expertise are groomed for leadership positions

60%

V-Lead Leaders elevated to higher roles through Growth Workshops, ACT-UP, and other Talent Initiatives

25

Senior leaders provide Vedanta ongoing mentorship to nurture the personal and professional growth of selected candidates

25%

V-Lead Leaders were rewarded with the prestigious Chairman Award for exemplary contribution to business growth and performance

Winspire

A groundbreaking initiative recently united women from across Vedanta to celebrate and acknowledge their achievements and contributions. This event underscored Vedanta’s dedication to fostering a diverse workforce. It featured enriching panel discussions, insightful dialogues on Leadership Excellence, and discussions on organisational culture, reinforcing our commitment to gender parity within the organisation.

150Women across Vedanta came together to celebrate and honour their achievements and contributions

Professional leadership and collaborative decision making

As a professionally managed organisation, Vedanta operates within a strong management framework, overseen by an Executive Committee that makes collective decisions at both the company and business unit levels. Each business unit operates independently under the leadership of its CEO, promoting a federated operating structure.

Cultivating excellence: Recognition and rewards

Vedanta recognises the significance of keeping the workforce motivated and enthusiastic to drive organisation’s long-term success. We have implemented transparent schemes and adopted a well-defined methodology to acknowledge the efforts of our employees and business partners. Our best-in-class people practices and globally benchmarked reward programmes keep them inspired and incentivised to deliver their best.

Our management actively acknowledges individuals who exceed expectations in contributing towards business performance and objectives. These recognitions include the Chairman Individual Awards, Chairman Award for Business Partners, Leadership Excellence Award, Sustainability Award, Chairman’s Discretionary Award, Business Performance-based Incentive Schemes, and Employee Stock Options Scheme. We ensure comprehensive coverage through our employee stock option scheme, which also includes campus hires, fostering the growth of young talent and their contribution to overall business performance.

High-performing employees benefit from incentive schemes, development programmes, and competitive compensation.

Our appraisal and compensation programmes integrate an ESG element, aligning employee performance with safety, sustainability, and carbon footprint reduction. Our worldclass people practices and globally benchmarked reward programmes ensure that our employees remain motivated to consistently deliver their best.

Exemplary talent management practices

We are committed to making a meaningful impact, prioritising both business delivery and the growth of our people. This ethos is ingrained in all our initiatives.

V-Desire

V-Desire stands as a pioneering initiative offering passionate individuals a unique platform to propose ideas for projects and roles where they can contribute uniquely through their experience and expertise. Individuals have the opportunity to spearhead and execute projects aligned with their visions.

The journey commenced with over 700 leaders expressing interest, each presenting unique ideas, projects, and role aspirations. A structured selection process ensued, assessing the viability of proposed ideas, performance, and potential. Shortlisted candidates presented the “what” and “how” of their aspirations to a senior panel comprising internal leaders and external industry experts. Moving forward, each selected leader will receive dedicated support.

117 leaders

Identified and elevated into different roles aligned with their unique aspirations

30%+

Selected leaders are women

60%

Leaders representing the Operations and other Technical Domains

Role model campus minds

This groundbreaking initiative is aimed at recognising, elevating, and showcasing our brightest talents with 3-7 years of experience. In this inaugural initiative, a group of young leaders has been identified and placed in impactful roles across various functions and businesses. Recognised for their exceptional potential, these individuals have been paired with CXOs as mentors to facilitate accelerated growth and unlock their true capabilities. These roles encompass cross-business and cross-functional movements, offering a comprehensive growth platform and preparing them for future CXO positions.

67 young leaders

Identified and given elevated impactful roles

Ex-defence hires workshop

This initiative is crafted to leverage the distinctive skills and experiences of former defence personnel. Through structured evaluation processes and workshops, it aims to identify and elevate the most promising candidates. These individuals are subsequently offered mentorship to further cultivate their leadership abilities. The initiative honours ex-defence hires’ service and enriches leadership across sectors by recognising and promoting the best candidates.

Executive education and C-suite coaching

In collaboration with ISB, we introduced a bespoke executive education initiative, seamlessly integrating both in-person and virtual learning experiences,. Tailored with specialised modules for our executives, this programme ensured precise development closely aligned with organisational goals. This hybrid learning model enabled participants to gain invaluable insights, foster collaboration, stimulate innovation, and refine their strategic leadership capabilities.

35 leaders

Underwent the hybrid programme in the inaugural batch with more batches planned in the coming financial year

Paired with internationally acclaimed executive coaches

Senior CXOs augmented their professional growth journey

Emerging women leaders

Gender diversity is vital for innovation and success in any organisation and we are achieving this through our “Emerging Women Leaders Programme”. Launched to nurture high-potential women in mid and senior roles, this initiative aims to drive superior business performance and lead transformational change. The programme boasts a well-balanced group, with 49% from operations/technical domains and 51% from enabling functions. Notably, 30% of these women have taken on cross-business/function/location roles, demonstrating our commitment to fostering well-rounded leaders.

70+

High-potential women were selected through a structured process and promoted to significantly elevated roles across various business units

Onboarding top talent for entry-level roles

Attracting top talent from leading universities across various fields while ensuring a healthy gender and geographical balance is a Group priority. Providing suitable roles with business relevance, mentorship, and best-in-class rewards, including ESOPs, coupled with accelerated career growth through flexible cross-business and cross-functional mobility, is essential for offering rapid career advancement to young professionals.

Talent development initiatives

  • Recruitment from remote regions: Implementing the V-ENGAGE project to recruit young talent from underrepresented areas such as the North-East, J&K, Leh, etc.
  • Comprehensive development programme: Providing participants with business and functional rotations, mentorship from CXOs, and fast-track growth opportunities with rigorous evaluations
  • Minority representation: Achieving 15% minority state and community representation in the overall talent pool.
  • Chairman’s Young Leader Programme: Offering a unique opportunity for select VLDP participants to work and learn directly from the Chairman for a short period
  • Leadership pipeline from premier institutions: Continuously sourcing talent from top institutions like IITs and IIMs for the Vedanta Leadership Development Programme (VLDP)
1,800 freshers from
150+ premier campuses

onboarded across businesses and functions with a 40% gender diversity

YUVA (Young Upcoming Vedanta Achievers)

A comprehensive induction programme for all campus hires joining Vedanta, featuring interactions with the Leadership Team, Business CEOs, Functional Heads, and Industry Experts. They share their experiences and expectations, fostering a deeper understanding of the organisation. The programme includes business and functional sessions, site visits, CSR activities, and Campus To Corporate programmes to provide a holistic view of the organisation and its operations.

V-Campus

A 12-month detailed programme, complementing YUVA, V-Campus offers every new campus hire a single digitally-driven platform. This assists in steering their performance with appropriate anchoring, ensuring continuous engagement, learning opportunities, and recognition based on measurable KPIs.

Appreciation and awards:

Identified as Kincentric Best Employer for 2 years in a row, entering the coveted Best Employer Club

CASE STUDY #1

Unleashing potential through V-Desire initiative

Renowned as a talent powerhouse in the industry, we advocate for “Growth from within” as our guiding philosophy, propelling our rapid expansion. Central to our ethos is a culture that empowers individuals to realise their full potential, epitomised by the V-Desire initiative. This ground breaking programme provides a platform for passionate individuals to innovate, drive business value, and assume elevated roles and projects aligned with their aspirations.

Engaging over 700 individuals through an expression of interest, V-Desire integrated a unique ideation survey crafted by our global advisory partner. Following a rigorous 3P assessment framework (Performance, Pedigree, Potential), 350 candidates were shortlisted, with 200+ advancing to showcase their ideas to an exclusive panel. Senior Leaders led the discussions to assess candidates’ enthusiasm and ambition across domains like Innovation Projects, Digital & AI, Sustainability & ESG, among others.

Spanning eight weeks with over 70 hours of panel evaluations, the process involved dynamic discussions with Business CEOs and Functional CXOs. Ultimately, over 100 leaders were identified to spearhead aspirational roles and projects across Vedanta, exemplifying our commitment to nurturing impactful career journeys.

Of the 100+ leaders identified through V-Desire

30%

Women Hi-Potential Leaders

58%

Leaders in Operations/Technical Domain

42%

Leaders in Enabling Functions

20%

Cross Business, Location & Function Changes

Exhibit 1

V-Desire Panel Interaction Rounds

Exhibit 2

V-Desire Chairman Townhall

Exhibit 3Winners - Kincentric Best Employer 2023

CASE STUDY #2

Driving excellence in people practices

Our commitment to sustainable business practices, employee empowerment, and community upliftment has garnered us numerous prestigious awards. This year, we proudly received the “Best Employer” accolade for the second consecutive year from Kincentric, a Spencer Stuart company renowned for unlocking the potential of people and teams to drive business success. This recognition underscores our holistic approach to People Practices, Vibrant Culture, and Visionary Leadership, setting us apart as a global leader in stakeholder opinion.

Earning the title of “Best Employer” is a journey guided by a robust evaluation framework assessing an organisation’s unique attributes and differentiators. This framework evaluates Intent, Design, and Experience, gauging the alignment of business leaders’ future vision, the effectiveness of people processes, and the employee experience.

Joining the elite “Best Employer Club” offers us a platform to engage, share best practices, and collaborate with industry experts, paving the way for continual advancements. This award celebrates our harmonised approach of Intent, Design, and Experience, reaffirming our commitment to fostering a culture of excellence that drives competitive advantage through people while prioritising People, Profit, and Planet.