06 December ‘21

MMK becomes first company in Russia to receive Investors in People Gold accreditation

Investors in People is a prestigious international standard awarded by the non-profit organisation Investors in People CIC (based in UK). The IIP standard evaluates the quality of work with personnel according to nine criteria, including "leading and inspiring people", "managing performance" and "creating sustainable success".

Magnitogorsk Iron and Steel Works applied for Investors in People accreditation for the first time in 2021, and won "gold" status on the first attempt, bypassing "standard" and "silver", which testifies to the very high quality of its human resources work. Currently, MMK is the only major Russian company that has been awarded any level of Investors in People accreditation, let alone "gold" status.

Based on the examination of MMK’s application and interviews with managers of different levels (including CEO Pavel Shilyaev) and rank-and-file employees in different departments, the IIP experts gave MMK a score of 704 out of a maximum of 900 points, which is above the average score for manufacturing companies (688 points). MMK received a particularly high score on the criteria of "structuring work" and "creating sustainable success".

"Undoubtedly, we are delighted that the high quality of HR management at MMK is now confirmed internationally," said Oleg Kiykov, MMK's Director of Human Resources. "MMK pays great attention to our employees, our safety activities, social guarantees and the development opportunities that we provide to our employees - all this proves that we really are investing in people. This is one of the guiding principles of MMK's work".

"Achieving gold, at your first attempt is incredible," commented Investors in People, "MMK have demonstrated consistently across all areas of practice, the effectiveness of your people practices in place, your active engagement, and a clear demonstration of tangible positive outcomes."

MMK actively works with its personnel, taking care of their safety, providing employees with favourable working conditions, social guarantees and opportunities for self-development. One of the main goals set at the Company in accordance with MMK Group's Development Strategy to 2025 is the development of a corporate culture of opportunity with a focus on strengthening employee engagement.

The Investors in People quality standard was developed in 1991 in the UK with the participation of the Confederation of British Industry and the British Trades Union Congress. In 1993, Investors in People was established, which develops and disseminates this standard and ensures its integrity and quality. Since 1997 the Investors in People standard has gained international status and is valid in more than 80 countries. The IIP certificate is considered prestigious around the globe and increases the attractiveness of any firm for both investors and employees.

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