NLMK Group, an international metallurgical company, has become a laureate of the annual SAP Value Award in the category "People are the most valuable capital". The company received the highest, platinum award, for the implementation of a system for assessing individual contribution and employee compensation based on SAP HCM (Human Capital Management) software.
The digital solution allows to increase employee engagement and reduce 80 million rubles a year costs for the process of assessing employee performance.
The digital solution is based on the MBI system (merit based increase), which helps to identify the most promising and effective employees, to unleash their potential, establish fair remuneration and apply transparent algorithms for changing it. The service connects together the calculation of individual remuneration, budget management and support of procedures for changing wages.
SAP Value Award is a SAP award for clients from Russia and the CIS. It is awarded for IT projects that have been proven valuable by the companies that have implemented them. The award is presented in nine nominations, the jury is represented by the heads of SAP CIS and representatives of large business.
Information about NLMK Group
NLMK Group is a vertically integrated metallurgical company , the largest steel producer in Russia and one of the most efficient in the world.
NLMK Group's steel products are used in various industries, from construction and mechanical engineering to power equipment and offshore wind turbines.
NLMK's assets are located in Russia, Europe and the United States. The company's steel production capacity exceeds 17 million tonnes per year.
NLMK demonstrates high cost competitiveness among global manufacturers, and the company's profitability is one of the highest in the industry. The company's revenue for 2019 was $ 10.6 billion, EBITDA - $ 2.6 billion. The Net Debt /EBITDA ratio was 0.7x. The company has investment grade credit ratings from S&P, Moody's, Fitch and RAEX (Expert RA).
NLMK's common shares, which free-float is 18.6%, are traded on the Moscow Stock Exchange (ticker “NLMK”), global depository shares - on the London Stock Exchange (ticker “NLMK: LI”). The share capital of the Company is divided into 5,993,227,240 ordinary shares with a par value of 1 Russian ruble. More information about NLMK's share capital can be found here.
For more information about NLMK Group, please visit the website.
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