Forbes ranks Reliance Industries as India’s best employer, ranking it in the top 20 globally
Forbes World’s Best Employers 2022 rankings, Reliance Industries, the country’s largest company by revenues, profits, and market value, is India’s best employer and the world’s 20th best firm to work for. South Korean conglomerate Samsung Electronics topped the global rankings, followed by US conglomerates Microsoft, IBM, Alphabet, and Apple. US companies rank second to twelfth, with German automaker BMW Group ranking thirteenth. Amazon, the world’s largest online retailer, is ranked 14th, and French retailer Decathlon is ranked 15th.
Reliance, the oil-to-telecom-to-retail conglomerate, is ranked 20th, the highest-ranked Indian firm, with 2,30,000 employees. It is ranked higher than Mercedes-Benz of Germany, Coca-Cola of the United States, Honda and Yamaha of Japan, and Saudi Aramco. Except for Reliance, no Indian company ranks among the top 100. HDFC Bank is currently ranked 137th. Other companies on the list include Bajaj (173rd), Aditya Birla Group (240th), Hero Motocorp (333rd), Larsen & Toubro (354th), ICICI Bank (365th), HCL Technologies (455th), State Bank of India (499th), Adani Enterprises (547th), and Infosys (668th).
The Great Resignation, or the tidal wave of people quitting their jobs voluntarily, shows no signs of abating. The worldwide phenomenon, which began in early 2021 as a result of the COVID-19 pandemic, has transformed the workplace. Employees say purpose-driven work is a top priority, along with higher salaries, better benefits, advancement opportunities, and work-life balance. And their superiors are keeping a close eye on them Forbes stated in its ranking, which was released last month.
In light of this, Forbes has released its sixth annual World’s Best Employers list. Forbes stated that it collaborated with market research firm Statista to compile the ranking by surveying 1,50,000 full-time and part-time employees from 57 countries working for multinational corporations and institutions to determine which excels in corporate impact and image, talent development, gender equality, and social responsibility. Participants were asked to rate their willingness to recommend their employers to friends and family, as well as to assess other employers in their respective industries who stood out positively or negatively. “This year’s list includes 800 companies with the highest ratings”, it stated. Companies were evaluated based on factors such as their image, economic footprint, talent development, gender equality, and social responsibility.