For the fifth year running, internet giant wins top spot in survey carried out by ET and Great Place to Work Institute
From here on, if you google ‘India’s best company to work for’, the answer you will get is — Google. For the fifth year in a row, Google India has emerged the country’s best company to work for followed by Intel, which remains in second place for the second year. Marriott Hotels is in third spot, a sharp improvement from ninth position last year, replacing American Express, which is in fourth place.
Now in its seventh year, ‘India’s Best Companies to Work For’ is a study conducted by The Economic Times and Great Place to Work Institute, based on a methodology that has been validated the world over. This year, 600 organisations spanning 20 industry categories participated in the survey of which the top 50 in the list of ‘India’s Best Companies to Work For’ were felicitated at a ceremony in Mumbai on Friday. This year saw the introduction of a Hall of Fame, whereby companies that have featured in the top 50 for five years in arow were recognised.
The infotech industry has built a reputation for having best-in-class workplace practices, so it doesn’t come as a surprise that more than half the companies in the top 10 are from this sector.
TOP HONOURS: The winners were felicitated at a ceremony in Mumbai on Friday
Multinational companies, whose human resource practices are handed down from the parent, have tended to dominate the list in the past, and this year is no exception. But two desi companies — Godrej Consumer Products and Ujjivan Financial Services — are in this year’s top 10, at seventh and ninth places, respectively.
Employee perceptions form the core of the Best Companies to Work For study. This year, over 1.7 lakh people were surveyed using a comprehensive questionnaire, making this the largest survey of workplace culture in corporate India. Along with employee feedback, the study assessed management practices of the organisations using a people practice assessment framework developed by the Great Place to Work Institute.
Companies considered to be great places to work tend to have higher productivity and lower attrition rates. But research shows that an upbeat work culture also correlates closely with financial performance. This year, an independent study was commissioned to correlate the rankings of companies in the Best Places to Work listing with their performance on the stock exchanges and the findings seem to be conclusive.