Sri Lanka s Best Companies to Work For 2016

Transcription

1 Sri Lanka s Best Companies to Work For 2016 A Study by Great Place to Work Institute In partnership with The Ceylon Chamber of Commerce And published with LMD START YOUR JOURNEY TOWARDS CREATING AND SUSTAINING A GREAT WORKPLACE

2 Start your journey towards creating and sustaining a great workplace. Great Place To Work Best Workplaces Lists are world s largest annual research studies aimed at identifying, recognizing, learning from, and spreading best practices of organizations that achieve business objectives by being great workplaces. Over 7000 organizations across 52 countries participate globally every year. Get involved to start your journey towards creating and sustaining a great workplace.

3 Who are we? We are the world s pioneer in studies pertaining to Workplace Environment & are globally the largest & most recognised study. Our Workplace Studies are taken in more than 52 countries around the world & published by Fortune Magazine in the US, The Financial Times in the UK & The Economic Times in India We have advanced the knowledge of what makes a great place to work for more than 25 years and helped numerous companies to transform their workplaces.

4 WHAT S A GREAT WORKPLACE? Employees believe they work for great organizations when they consistently >> TRUST THE PEOPLE THEY WORK FOR HAVE PRIDE IN WHAT THEY DO ENJOY THE PEOPLE THEY WORK WITH 01

5 WHAT S A GREAT PLACE TO WORK ANYWAY? A great workplace is where you trust the people you work with, have pride in what you do, and enjoy the people you work with. Employees believe they work for great organizations when they consistently >> Trust relationship with management camaraderie relationship with other employees Employee relationship to your job pride Employees definition of a great place to work

6 WHAT S A GREAT WORKPLACE? Positive employee experience across 5 dimensions Any workplace can be measured through five dimensions: credibility, respect and fairness (which are attributes of trust), as well as pride and camaraderie. 02

7 HOW DO ORGANIZATIONS BECOME GREAT WORKPLACES? inspiring Great practices and processes across the 9 people practice areas thanking caring Trust hiring celebrating sharing developing listening speaking A great workplace is where you align people with organizational objectives, employees are enabled to give their personal best and work together as a team/family all in an environment of trust. 04

8 BETTER RECRUITMENT HIGHER ENGAGEMENT LOWER TURNOVER GREATER INNOVATION HIGHER PRODUCTIVITY MORE LOYAL CUSTOMERS HIGHER PROFITS Why create a great workplace? Financial Performance of the 100 Best Companies to Work For featured by Fortune Magazine The returns on the Publicly traded companies in Fortune s 100 Best, illustrate the extent to which 100 Best Companies consistently outperform major stock indices over time.

9 How can you make your workplace a great one? adding to your understanding of what makes a great workplace diagnostic identifying your strengths and improvement areas insights unpeeling the layers to discover the root causes identification & prioritization of action areas and creation of a road map for change effective implementation with understanding of best practices and processes

10 HOW CAN WE HELP YOU? Great Place To Work can help an organization answer & act on 4 questions through our data insights, analysis, presentations and workshops: 1: Do your people think that your organization is a great workplace? 2: Do your people practices help you create a great workplace? 3: Do your people managers create a great workplace? 4: Is your organization recognized as a great workplace?

11 So, what is the Study about? o A yearly study to identify each country s best companies to work for o World s largest study of its kind, covering more than 52 countries o Over 7,000 organizations participate every year globally o More than 3.5 million employees are surveyed every year and over 12 million impacted o People practices of thousands of organizations are studied in depth o Leading business publications like Fortune (USA), Financial Times (UK), Economic Times (India) and LMD (Sri Lanka) cover the study findings

12 WHY SHOULD YOUR ORGANIZATION PARTICIPATE IN THIS STUDY? Companies that earn a spot on this list receive substantial positive publicity & enhanced employer brand value Opportunity to feature in various ranking lists, industry lists and special categories Gain unparalleled insight into strengths & areas of improvement of your workplace culture All companies, even those that don t make it to the list, have experienced great value in terms of self evaluation and benchmarking No downside of participation, names of all participating organizations are kept confidential and only those of winning organizations are shared in public domain 09

13 Need more reasons to participate?!... there is no downside to participate! the list of participating companies is kept confidential and only the best workplaces (the top 10/25) will be featured by our media partner

14 History of Great Place to Work o Great Place to Work Institute is a global management research and advisory firm dedicated at enabling organizations achieve business objectives by building better workplaces. o At Great Place to Work Institute, we ve spent over 25 years tracking great workplaces and learning from their successes. o By surveying millions of employees and studying thousands of businesses, we ve created a model for building performance, based on trust. It s our contribution to a global shift in businesses that is changing the way the world works. o Our model provides specific, actionable steps to get your organization out there. While you are the ones to lead the organization on this journey, we provide steady guidance from one of our 52 offices around the world.

15 WHAT ALL DO YOU HAVE TO DO TO PARTICIPATE? 1 Register 2 Trust Index 3 Culture Audit The process starts with a five-minute online nomination. Any company that is at least two years old with more than 50 employees in Sri Lanka is eligible. We will administer an employee survey to a set of randomly selected employees. This proprietary employee survey developed by the institute measures levels of trust, pride, and camaraderie and takes an employee about 15 minutes to complete. Submit information about the organization s people practices by filling our Culture Audit document. This instruments covers nine practice areas and needs to be responded by one individual on behalf of the organization 10

16 Our model Trust Index Measures & Benchmarks Employee Experience Culture Audit Assesses & Benchmarks People Practices 2/3 1/3 The Assessment process is an unique combination of understanding your employees experience through an employee survey and co-relating the same with our assessment of your people practices. This enables you to draw sharp action plans to work on relevant people practice areas.

17 What is our model? a 2 lens model that maps employees perceptions and management practices TRUST INDEX - 2/3 rd WEIGHTAGE An employee survey questionnaire that captures responses through 60 statements in only 20 minutes of an employees time CULTURE AUDIT - 1/3 rd WEIGHTAGE A questionnaire on practices and policies at the workplace through the management perspective. This comprises of two parts and is filled in by the organization Contains two open-ended questions on areas of strength and areas of improvement

18 WHAT DOES IT COST? VERY LITTLE TO GET IN DEPTH FEEDBACK. o The investment for participating will be between LKR 50, 000 to 250, 000 depending on your employee strength. o This will entail organisations to receive Trust Index Feedback Reporting package with a scoresheet against a national benchmark with results for standard demographic cuts and detailed analysis of your data via a presentation deck o All participating organisations have the option to subscribe for further in-depth paid reports for internal analysis; these reports are made available at nominal fees for interested organisations. o Organisations where all employees are not accessible over s will still be able to be a part of this survey through a paper-pencil or kiosk method. This will entail an additional fee, depending on the number of employees taking this mode.

19 We are proud to be named a Great Place to Work for the second consecutive year which would have not been possible if not for the company s foremost asset our people. The company s distinctive HR best practices, respect for individualism and diversity, open culture, trust and credibility of management, all of which has allowed our employees to create a truly great place to work. - Mano Sekaram, CEO, 99X Technology I am indeed pleased that, this year as well, the GPTW survey affirms our position as a much sought after employer. Our work culture which enables, empowers with accountability and embraces different views and opinions has held us in good stead in continuously attracting talent and retaining them in the organisation. At John Keells we afford our employees a well-rounded experience, exposure to a wide range of businesses and opportunities to grow with the organization and add value to the diverse stakeholders who we are associated with.. - S C Ratnayake, CEO, John Keells Holdings PLC "We are delighted to see CTC in the list of Best companies to work in Sri Lanka', reflecting the strength of the organisation's people processes and the spirit of a winning organisation. We believe that the conscious decision made in participating in the Great Place to Work ' survey benefited the organization in two ways. Firstly, the survey results re- assured the iconic employer brand of CTC plc as a Best place to work in SL' where the unique skills that each employee brings to the organisation are highly valued. Simultaneously the survey led us to take appropriate action to strengthen our people processes, making them more robust and user friendly in order to further enhance the concepts highlighted by the 'great place to work' survey process." - Samanmali Chandrasiri, HR Director, Ceylon Tobacco Company PLC

20 Strategy is great.. culture is imperative.. but People are everything! All our business strategies will be at risk if we don t have the talent and skills we need China Gorman, Previous Global CEO, Great Place to Work Participating in the Study by Great Place to Work Institute gets us this feedback and gives us credible input, which is tremendously valuable for salient interventions thereafter We've always believed that a great place to work is as relevant in an economic downturn as it is when times are good. There's a common misconception that focusing on this area is a nice to have rather than a critical element of what makes a company successful. Our view is that a great workplace is a business imperative Paul Rellis, Managing Director, Microsoft Ireland Anil Sardana, Managing Director, Tata Power

21 SOME PAST LISTING ORGANIZATIONS Click here to view the lists 13

22 HOW DO YOU REGISTER? Nominations are now open. Register at the earliest to reserve your preferred slot to complete the process. Limited slots available! This is an annual study and organizations should register to participate. Fill in the online registration form with some basic details and we will contact you. Last Date for registrations 30 th January 2016 Click Here To Register >> Questions? Reach us at or or

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24 Global Headquarters Great Place To Work Institute 222 Kearny Street, Suite 800 San Francisco, California 94108, USA Sri Lanka Office No 301/3A, Galle Rd, Colombo 3 Sri Lanka