What’s common to Cisco Systems (India), Domino’s Pizza India, HCL Technologies, Godrej Consumer Products and LG Electronics India?
These five, and six other Indian companies, are among the 25 Best Employers in Asia. The list is compiled by international human resource consultancy firm Hewitt Associates every two years. This means 44 per cent of Asia’s best employers are based in India, though not all of them are Indian-owned or controlled. Some of the 11 Indian companies on the list, however, are the Indian arms of foreign multinationals (see In Good Company).
This year, the 25 Best Employers were chosen from a field of 912 companies across eight countries — India, Thailand, Singapore, Malaysia, South Korea, Hong Kong, China and Australia-New Zealand.
Yashovardhan Verma, director, HR & management support, LG Electronics India, one of the companies on the list, said: “Necessity is the mother of invention. Indian companies operate in a much more challenging HR environment than companies in other Asian countries. There’s greater diversity in our workforce, our attrition rates are higher than in most other Asian countries and so, our people retention policies have to be that much more spot on than elsewhere.”
D.K. Srivastava, Global Head, HR, HCL Technologies, said: “I think Indian management practices, which are based on typically ‘Indian values’ like compassion and trouble-shooting, are what makes Indian companies employers of choice.”
The Hewitt study audits HR practices at the sample companies, interviews CEOs, and polls randomly chosen employees about their employers.