NLMK Group receives SAP Value Award
NLMK Group, an international steelmaker, has topped the ‘People are the most valuable capital’ nomination in the annual SAP Value Award for integrating a system to evaluate employees’ individual contributions and remuneration based on the SAP HCM (Human Capital Management) software.
The new digital solution drives personnel engagement and cuts costs associated with employee performance evaluation by 80 million rubles per annum.
The solution is based on the MBI (merit-based increase) system that helps identify the most promising and efficient employees, tap into their potential, set fair remuneration, and use transparent algorithms for salary changes. The service integrates individual remuneration calculations, budget management, and support for compensation change procedures.
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.
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 wind turbines.
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 a highly competitive competitive cash cost among global manufacturers and one of the highest profitability levels in the industry. In 12M 2019, the Company generated $10.6 bn in revenue and $2.6 bn in EBITDA. Net debt/EBITDA stood at 0.7х. The Company has investment grade credit ratings from S&P, Moody’s, Fitch, and RAEX (Expert RA).
NLMK’s ordinary shares with a 18.6% 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.
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