Employee engagement is an indication of how proud employees are of working for the company, their willingness to stay and to recommend it to others, as well as how much extra effort employees are willing to put in to achieve results.
In 2015, all of Metalloinvest’s enterprises conducted a second anonymous engagement survey, and 25,633 people, or around 60% of employees, took part in it. The survey demonstrated high employee loyalty: 80% are ready and willing to work at Metalloinvest for the long term, 78% would recommend Metalloinvest as a good employer, and 73% are proud to work at Metalloinvest. Around 54% are ready to put in additional effort and take on tasks outside of their regular duties.
The proportion of efficient employees at Metalloinvest totalled 47%, which is in line with the global average. Out of all the operations taking part in the survey, Mikhailovsky GOK accounted for the largest number of efficient employees (69%).
The Company’s 2015 survey delivered results ahead of the industry average. For example, 73% of employees highly rate the opportunities offered by the Company to achieve success, which is 8% higher than the industry level. 76% highlighted regular and clear feedback from management versus 58% across the industry.
Based on the questionnaire results, the Company developed eight corporate projects aimed at increasing employee engagement and efficiency, which include Development of a proposals submission system, Management talent asset, and Adjusting the course. In addition, each facility and the management company have their own projects.
In 2017, a third engagement survey will be held to measure the effectiveness of these initiatives.