Mediawire
New Delhi [India], June 20: Insights from India's Best Companies to Work For 2023
Backed by 30 years of data, Great Place To Work® is the global authority on workplace culture. Great Place To Work's methodology, derived from years of studying the Best Workplaces across the globe, is recognized as a rigorous, objective and is considered the gold standard for defining great workplaces across business, academia, and government organizations. The proprietary methodology and platform enable leaders to truly capture, analyze and understand the experience of every employee and compare outcomes with data collected from more than 100 million employees in 150 countries worldwide.
The 16th edition of Great Place To Work India's study of India's Best Companies to Work For 2023, reinforces the need for every leader to be a For All™ leader. Enabling employees to maximize their potential must be the focus for organizations, especially during a high growth phase of the Indian economy.
"Click here to view India's Best Workplaces of 2023"
What do the Best Workplaces do differently?
The Best Workplaces have shown an impact around equity - both in fair gain sharing and compensation, along with building a nurturing work environment. When experienced positively, these aspects result in people being 5 times or more likely to believe that their organization is a great workplace.
Best Workplaces result in Higher Shareholders Returns.
Financial growth is one of the most visible outcomes of building a great workplace culture. A study of shareholder returns of the publicly listed Best Workplaces identified by Great Place To Work India shows a positive correlation with returns provided to shareholders.
RSM India's study reveals that Best Workplaces consistently outperform major stock indices, such as BSE (Bombay Stock Exchange) Sensex 30 and Nifty 50, by more than 3x and have yielded 14x returns on the initial investment in Reinvestment Model and 10x returns on the initial investments through Hold Model.
With For All Leadership, work takes a special significance.
In today's rapidly evolving world, priorities are shifting. Purpose has taken the lead. Sustainability is no longer optional; it is necessary. Belonging emerges as the driving force for progress, and flexibility is a default expectation.
These facets are transforming how we lead, how we operate, and how we thrive. To navigate this new paradigm developing For All Leadership is the answer. With For All leaders, everyone consistently experiences a great workplace.
From an Unintentional Leader (Level 1) to a For All leader (Level 5), 56% more employees experience special meaning in their job, 44% more feel an increased sense of contribution to society, 78% more can be themselves at work, and 71% more respond to being able to take time off when necessary.
You might be a For All Leader if you . . .
Workplaces that work for everyone
At Great Place to Work India, we believe in a future where leaders and employees transcend biases, where workplaces embody equity and foster a better work environment, and where people leaders stand as advocates of For All Leadership.
Being a For All Leader is a challenging role. To excel, leaders should create a positive work environment, foster cooperation and trust among team members. In addition, they should encourage fairness, ensure their actions match their words, demonstrate competence in running the business, and show sincere interest in employees. Setting these aspects as priorities will enable leaders to foster an environment where individuals and the organization can thrive.
By embracing these principles, we look forward to making India a Great Place to Work For All, where everyone, regardless of who they are and what they do, consistently experiences a Great Workplace.
Authored by:
Akshat Shah, Vice President, Sales & Client Experience, Great Place to Work India
Suraj Jadhav, Consultant, Research & Insights, Great Place to Work India
(Disclaimer: The above press release has been provided by Mediawire.will not be responsible in any way for the content of the same)
Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor