NOT SO LONG AGO, the ideal workplace was one that offered a competitive salary. Not anymore. The increasing proportion of younger millennial and Gen Z employees now look beyond financial comforts and demand a more holistic work life that gives them time to enjoy other pursuits and the chance to learn on the job.
Over the past four years, the workplace has seen huge shifts necessitated by the pandemic, which has made remote working the norm. These changes have also forced recruiters at most Indian firms to tweak policies as they look to match up to the ambitions of younger employees and retain talent.
Once seen as western concepts, hybrid work, a more inclusive and equitable work culture, and, more importantly, a focus on upskilling employees to keep pace with technological advancements (like artificial intelligence and machine learning) and leadership courses are now becoming an integral part of the HR talent hunt modules.
There is also more investment in office infrastructure and parking facilities, four-day work weeks for employees who meet their targets ahead of schedule, and reworking rewards and recognitions for longserving employees.
In fact, these are some of the innovative strategies being taken up by the top firms in this year’s BTTaggd survey of The Best Companies To Work For in India.
WRITING ON THE WALL
This story is from the May 26, 2024 edition of Business Today India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the May 26, 2024 edition of Business Today India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Haute Couture in the Kitchen
FASHION BRANDS ARE ENTERING THE RESTAURANT SPACE, AS FOOD SEEMS TO HAVE BECOME THE ULTIMATE FASHION STATEMENT
It's Personal
Mixing work and personal tasks on work machines may be a done thing for many, but it makes sense to have a dedicated device for your personal needs. Here are two such devices
INTO THE BLUE
For WTiCabs Founder and CEO Ashok Vashist, scuba diving is not just an adventure sport. It is a pathway to connect with the ocean
"Challenges are opportunities"
AMIT JAIN CO-FOUNDER & CEO CARDEKHO GROUP CarDekho Group is a digital automotive solutions provider
THE WAIT FOR HIGHER PENSION
ALMOST 18 MONTHS AFTER THE SUPREME COURT RULING, SUBSCRIBERS WHO OPTED FOR A HIGHER PENSION UNDER THE EMPLOYEES' PENSION SCHEME CONTINUE TO WAIT AS THE EPFO, FACING A STAFF CRUNCH, TRIES TO FIGURE OUT THE MATH
"It's possible to have a 25% growth out of India from now on"
Rail Europe Executive Chairman & CEO Björn Bender talks about the India market, the shift to digital, and the way ahead
Evolving Strategies
Companies need to adapt to changing times for a strong workforce
PERKS PRESSURE
IT'S NOT JUST ABOUT THE MONEY ANYMORE FOR EMPLOYEES. FROM FOUR-DAY WORK WEEKS, TO SKILLING ON THE JOB AND MENTAL WELL-BEING EXERCISES, COMPANIES ARE OFFERING A HOST OF BENEFITS TO RETAIN TOP TALENT. IS THIS ENOUGH?
FOSTERING PLURALISM
Axis Bank, with its initiatives and policies, is striving to make a holistic difference to people's careers and hone their skills too
In Keeping With The Times
With a slew of initiatives for its employees, Abbott India is working hard to build a diverse and inclusive workforce