CNBC-TV18 initiates Best Employer of Choice Awards

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A fast growing economy is good news for everybody. But not for the HR Head. For him it is one big battle out there for skills and talents.To reward the trying efforts of organizations, to keep talent staying and growing, CNBC-TV18 has initiated the best employer of choice awards for the first time this year. And it was not easy deciding the winner. It took a close door daylong debate amongst an eminent jury to decide the winner, reports CNBC-TV18.

 

Knowledge partner Watson Wyatt placed before the jury members the findings of its survey based on its international methodology - WorkAsia ™. The core focus of this methodology is ranking employee engagement. Employee engagement constitutes commitment that is employees are motivated to help the organisation succeed and line of sight, that is employee knows what to do in order to make the organisation successful

 

70% weightage is given to the employee perspective. So it is an Employer of Choice awards but based on the employee perspective. The Employer is judged on the HR practices, he has put in place for which 30% weightage is given

 

The Jury comprising K Ramkumar , Group Chief Human Resources Officer, ICICI Bank , Madhukar Shukla , Professor, XLRI , Jamshedpur, Ganesh Chella of Totus Consulting , Chennai and Tarun Seth of Shilputsi debated the findings day long, throwing up learning's for everyone.

 

The key revelation from this debate was that the adoption of well known HR practices do not necessarily bring in the highest employee satisfaction scores. This threw up surprise findings, where companies known to adopt the best HR practices did not figure in the top ten as their employee satisfaction scores were low.

 

But to know more and catch the winners, we will need to wait till November 27 where the Employer of Choice Awards will be given out at a glittering function at Mumbai.