This year’s assessment reflects that the manufacturing sector continues to appeal as a Great Place To Work experiencing 86% employee satisfaction. This has been linked to efforts made by the leaders to increase people’s involvement in decision-making.
Great Place To Work®, India’s renowned workplace assessment and recognition organization, has unveiled “Insights from India’s Best Workplaces™ in Manufacturing 2024”, with information gathered from 4.9L+ employees across 270+ organizations in India. Some of India’s best workplaces in Manufacturing 2024 (alphabetical order) include Bajaj Electricals Limited, HAVELLS INDIA LIMITED, HIL Limited – A CK Birla Group Company, Forbes Marshall Private Limited, Hindalco Industries Limited, Kohler India, Reliance Industries Ltd., Sula Vineyards Limited, TVS Motor Company Limited.
This year’s assessment reflects that the manufacturing sector continues to appeal as a Great Place To Work experiencing 86% employee satisfaction. This has been linked to efforts made by the leaders to increase people’s involvement in decision-making, promoting work-life balance, and ensuring transparency in communication across levels.
Notably, despite performing strongly in key pillars of Pride (86%), Credibility (83%), Camaraderie (82%), and Respect (82%) of Trust Index, the industry scores low on Fairness (79%). There exists a trough of disillusionment among mid-level management comprising of employees at Supervisory and Managerial level that impacts their perception of fairness in their workplace. This could potentially be a precursor or a contributing factor for employee attrition in these grades. It is also noted that blue-collar employees (89%) remain generally more satisfied than their white-collar (85%) counterparts.
Yeshasvini Ramaswamy, CEO, Great Place To Work® India, stated that, “I extend my heartiest congratulations to all the exceptional winners of India’s Best Workplaces in Manufacturing list for 2024. Your remarkable achievements not only set new standards for excellence but also embody the resilience and innovation that define our dynamic manufacturing sector.
In the manufacturing sector, Zetwerk, a contract manufacturing marketplace for industrial and consumer products, announced today that it has also been recognized as one of India’s Best Workplaces™ in Manufacturing 2024: Top 50 by the Great Place To Work® Institute. This marks the second consecutive year Zetwerk has received this prestigious honor, which acknowledges its excellence in creating a high-trust, employee-centric work environment.
Ginu Nair, Senior Vice President, Human Resources, Zetwerk, said: “We are incredibly honored to be recognized as one of India’s Best Workplaces in Manufacturing for the second year in a row. This remarkable achievement is a testament to the unwavering dedication, collaboration and spirit of resilience that all of us have collectively cultivated and helped make this workplace what it is today. We will continue our endeavor towards building a workplace that is a better version of ourselves everyday”.
As we delve into the heart of this report, we are reminded of the pivotal role the manufacturing industry plays in shaping the economic landscape of our nation. Contributing a substantial 17% to India’s GDP, this sector stands as a driving force behind our nation’s progress.
The ‘Driving a Culture of Trust – The New Manufacturing Blueprint’ report stands as a powerful testament to the collective strength of 4.9 Lakh+ employee voices. Each employee has played an integral role in shaping the narrative of the manufacturing industry, contributing not only to their organizational success but also to the broader canvas of India’s economic dialogue and measures the industry must take to develop its talent pool.
In the face of challenges reflected in the dip of the Purchasing Managers Index (PMI), your unwavering dedication and commitment to continue to invest in long-term sustainable projects have paved the way for a positive outlook. The expansion in sectoral activity, coupled with the steadfast support from the government through initiatives like Production Linked Incentive, National Manufacturing Policy, Make In India 2.0, Digital India, and Startup India, positions the manufacturing industry for sustained growth.
Best Workplaces have consistently maintained an impressive 7% gap in the Grand Mean Trust Index over other organizations in the manufacturing sector. As we celebrate the positive shift of 1% in employees’ perception of the employer being a Great Place To Work, we also collectively acknowledge that there is more work to be done. The current levels, although commendable, remain below those observed in 2022, urging us to self-reflect and continue to look at culture scores more as a journey than a destination.
To ensure employee retention and a motivated workforce, manufacturing organizations need to ensure that their leaders deliver on their promises, practice authentic leadership, role model honesty and integrity, and walk the talk.
Best Workplaces continue to leverage their workplace culture as a sustainable competitive advantage that directly impacts business performance.
To all the winners, your achievement as the Best Workplaces in the Manufacturing Industry for 2024 is a testament to your commitment to excellence. Congratulations again.”
To all the winners, your achievement as the Best Workplaces in the Manufacturing Industry for 2024 is a testament to your commitment to excellence. Congratulations again.”
91% of employees at Best Workplaces express that the onboarding experience ensures a welcoming atmosphere for new members of the organization.
At Best Workplaces, when employees joining the organization experience a welcoming atmosphere, they are:
4X more likely to say that they experience a fun workplace.
3X more likely to strongly endorse their company to their friends and family as a great place to work.
3X more likely to say that they experience a great workplace
To all the winners, your achievement as the Best Workplaces in the Manufacturing Industry for 2024 is a testament to your commitment to excellence. Congratulations again.”
91% of employees at Best Workplaces express that the onboarding experience ensures a welcoming atmosphere for new members of the organization.
At Best Workplaces, when employees joining the organization experience a welcoming atmosphere, they are:
4X more likely to say that they experience a fun workplace.
3X more likely to strongly endorse their company to their friends and family as a great place to work.
3X more likely to say that they experience a great workplace
90% of employees at Best Workplaces attest to feeling fully recognized as integral members, irrespective of their positions within the organization.
At Best Workplaces, when employees feel that they are treated as a full member here regardless of their position, they are:
3X more likely to say that they feel they make a difference with their work.
3X more likely to say that they experience a psychologically and emotionally healthy workplace.
3X more likely to say that they experience a great workplace.
The report also tries to draw direct inference of becoming a Great Place To Work on Business. With higher employee satisfaction and morale, employees at Best Workplaces are more motivated (88%) go the extra mile (89%) and stay with their employers for longer (90%). It is seen that the process of onboarding and engaging employees has played a vital role in helping some of the top winners of the report.
While challenges exist, the manufacturing sector showcases resilience and growth potential. Government support, rising exports, and positive employee perceptions position the industry for continued success in the evolving economic landscape.
