Why Flipkart, OYO, Uber Are The Best Places To Work
Noticeably, all these companies work with incredibly smart people, they make their employees feel valued and help them work towards a clear, shared vision.
Companies that are disruptive, scalable and innovative are often successful in attracting customers and have an edge over their competitors. These companies also happen to be the best places to work, according to LinkedIn, which ranked no less than 12 internet and IT businesses among its list of the top 25 companies to work for in India in 2019, most of them are disrupters in their own industry and innovators. A feedback from LinkedIn’s more than 54 million users in India, the study looks at four main pillars: interest in the company; engagement with employees; job demand; and employee retention.
At the top slot was Walmart-owned Flipkart. The e-commerce company is looking to leverage advanced technologies to streamline its business. It has recently adopted automated robots in its Bengaluru warehouse. From groceries to online wealth management, the company is stepping up its game in every segment. The Walmart-owned company has also set up an internal fund of approx $60 Mn-$100 Mn to invest across early-stage startups in order to further strengthen its ecommerce operations.
Amazon India is in the second position. The US-based ecommerce major continues to be bullish on the Indian market, despite the ongoing changes in FDI and data policies. The company is flushing money to its retail division and is aggressively promoting its private labels, and has shown an inclination towards omni-channel strategy. The company is even looking to set up 100 kiosks in Indian malls.
The third slot has been occupied by hospitality major OYO has been on a roll since the start of 2019. While continuing its overseas expansion, OYO has also taken a plunge into the coworking segment. It recently acquired Gurugram-based coworking space Innov8, and also launched Powerstation, another coworking space brand. To add to that, a $200 Mn partnership with Airbnb, experiments with OYO Food, and $200 Mn committed for capacity expansion in India and Southeast Asia– there is no stopping for OYO in the present scenario.
At number 4, Paytm’s range of products is continuously growing with new additions at short intervals. After the success of Paytm Payments Bank, Paytm Money, Paytm Gold, the company is now entering into the OTT segment. It is also looking to expand its digital payments services into more developed markets in 2019.
Uber with its 5th ranking, recently gave a clear message that despite being caught in a two-horse race with Ola, it is not going to let up its challenge anytime soon. The company is looking to double (upto 1,000) its employee headcount by the end of the year. It is also looking to launch new features to entice consumers.
Unsurprisingly, internet companies dominated the top 10 spots. While digital payments and e-commerce brand Paytm came in at fourth, global transportation startup Uber made its entry into the list at the fifth spot.
Online food delivery startups Swiggy and Zomato were ranked sixth and eighth, respectively. The first legacy organisation to be ranked in the list was IT major Tata Consultancy Services (TCS) which took the seventh spot.
While Alphabet (which owns Google) came in at the ninth rank, Mukesh Ambani-led oil-to-energy conglomerate Reliance Industries occupied the tenth place.
“This year, half the companies are new entrants on the list, including IT giants such as TCS and IBM that showcase the changing job and hiring landscape,” said LinkedIn India Managing Editor Adith Charlie.
“The presence of more blue chip Indian companies such as Larsen & Toubro and Reliance Industries, among others emphasizes the fact that these large firms are getting better at attracting millennials employees,” Charlie added.
Noticeably, all these companies work with incredibly smart people as they make their employees that feel valued, help them work towards a clear, shared vision besides offering competitive compensation, great opportunity for career advancement and transparent leadership, finds the study.
At the same time for employees, salary and employee benefits, followed by good work-life balance and job security, are the top considerations while picking an employer.