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About The Organization

Bajaj Finance Ltd is recognized among India's Best Companies to Work For 2019. Every year, Great Place to Work® identifies India's 100 Best Companies to Work For (with employee strength more than 500) through an objective and rigourous workplace culture assessment process. Bajaj Finance Limited is the most diversified and profitable non-bank in the country with a wide portfolio of products spread across Consumer, SME & Commercial Lending as well as Wealth Management.

Company Size

15044 Employees

Industry

Financial Services & Insurance

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Why Bajaj Finance Ltd is a Great Place to Work?

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Bajaj Finance Ltd has successfully created a Great Place to Work FOR ALL their employees as they have excelled on the 5 dimensions that are a hallmark of a High-Trust, High-Performance Culture™ – Credibility, Respect, Fairness, Pride and Camaraderie. In a rigorous assessment process conducted by the Great Place to Work® Institute, Bajaj Finance Ltd met the minimum criteria on the Trust Index© Employee Survey, on the consistency of experience across all demographics and on the Culture Audit© People Practices Framework, to clear the first level i.e. getting Great Place to Work-Certified™.

Great Place to Work® is considered the ‘Gold Standard’ in workplace culture assessment and recognition.

As a certified organization, Bajaj Finance Ltd became eligible to be considered among 'India's Best Companies to Work For 2019' – a list that features the 'Best of the Best’. The process of identifying India's Best Companies to Work For is based purely on the assessment findings and does not involve any jury or opinion based criteria. 

Culture Snapshot
Employees at Bajaj Finance get ample opportunities and exposure to learn and develop themselves. IJP and auto promotion platforms provide growth opportunities. They are supported by their seniors, at the same time they support each other. They are happy with the salary and incentive schemes. The reward and recognition programs also is a motivating factor. They take pride in the brand, ‘do more earn more’ philosophy and their association with the organisation.

This page highlights more about the work culture of the organization, selected best people practices, the vision of the leadership and glimpses of employee life.

Read through to find out what makes Bajaj Finance Ltd a Great Workplace.

Recognitions awarded by Great Place to Work®

Click here to read more about the evaluation process.

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Great Place to Work-Certified™ from March 2019 - February 2020. Certified for 3 years in a row!

India's Best Companies to Work For 2019

India’s 20 Best Workplaces in BFSI 2019

India's Best Workplaces in NBFCs 2019

25 Best Large Workplaces in Asia 2019 (501+ Employees)

Best People Practices

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Developing

SuperMan(agers)

More than 700 employees in Bajaj Finance move through internal job postings every year. The sheer volume poses a challenge of ensuring a smooth and successful transition of employees that can help them become successful performers in the new role. Bajaj Finance facilitates this superbly through a program called SuperManager Studio. A combination of online and classroom-based pedagogy, this program takes the participants through a theatre-based depiction of actual workplace scenarios in order to develop people management skills, among other things.

Helping-Board

Supporting

Money on Call

A company in need is a great one indeed! Bajaj Finance Limited has a fantastic practice called ‘Money on Call’ where employees facing cash crunches in a particular month can request their salary in advance. All employees of Bajaj Finance Limited are eligible under this policy with a minimum tenure of 6 months in the organization. Employees can raise a request on their HRMS system and the amount requested cannot be greater than 80% of monthly gross salary. The amount is credited to the employees account in 2 hours! Such a comfort knowing that the company is always there to back you up!

The passion which people carry in the organization to deliver the best of them make you feel that you are a part of a winning team and to respond management awards well to their team members to have a win-win situation for all of us.

Employee Testimonial

Bajaj really makes a mark in my life. Very happy to work here and want to grow here for a longer period.

Employee Testimonial

Leaders Speak

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Rajeev Jain

Managing Director, Bajaj Finance Ltd.

1. What is your personal approach to making a Great Workplace?
Over the years we have built a culture of ownership within the company; it cuts across the hierarchy, business or function that one is in. With complete openness and transparency, employees are able to view their contributions to the whole at every step of their journey. This, along with our DNA of hard work and execution focus, makes it possible for every employee to contribute to the growth story of the company. This ownership to deliver results, to challenge, and to change old ways of doing things makes it engaging and meaningful for the employee. In return, our robust incentive and R&R approach ensure that we adequately reward and recognize the employee’s efforts and contribution. In addition, our philosophy of making the employee “own their career” through a fair and transparent Internal Job Posting (IJP) process, creates the right environment to make BFL a great place to work.

2. What are the top 2 benefits you see of creating a Great Workplace?
There is a direct correlation between an engaged employee and the contribution s/he makes. A great workplace empowers and enables employees’ to tap into their passion, and inspires them to do their best. The results are visible in multiple ways; better products & services to our customers, faster turnaround times, better productivity, reduced attrition etc. which in turn helps us achieve our growth aspirations.

3. What are your top people priorities?
A large part of our senior leadership today is homegrown; we aim to continue to find our next set of leaders also from our internal talent pool. With our cultural anchors as our DNA, our current leadership is required to mentor & nurture the emerging talent pool. Additionally, as we expand into deeper geographies, creating a sense of connect among our employees on the ground is critical; developing employees, and deep geo touch thus forms our top priorities.

4. How has your association with Great Place to Work® helped your business and strategic goals?
For any business, outside-in perspective is critical to remain market relevant and current, the association helps us benchmark with the best & high performing organizations in India and the region. It helps us remain updated on industry best practices.
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Anupam Sirbhaiya

Chief Human Resources and Administration Officer, Bajaj Finance Ltd.

1. What can your present and potential employees be sure of from a work culture perspective in the organization?
We consistently drive our employees to reach their full potential from the day they join Bajaj Finance Ltd. To enable their growth on their journey, employees across roles have access to training opportunities, real-time feedback and growth opportunities, enabling everyone to do the best work of their lives while here.

2. What, according to you, is a people challenge your industry is facing?
Critical skills shortage especially in the growing geographies of a fast-paced organization.

3. How are you ensuring a consistent workplace experience FOR ALL your employees, irrespective of their role, age, gender, tenure etc. in the organization?
We aim to be one of the most profitable organisations in the BFSI sector with a strong digital foothold, catering to market opportunities with an appropriate product mix and leveraging our employee strengths to mitigate the risk. We nurture each employee to control their career path and cultivate them as the leaders of tomorrow. In line with this, all opportunities are equally provided to all employees of the organization – whether it be their control over their career in the organization through an open and transparent internal job posting process, helping them make more informed decisions about their own health through our wellness initiatives, including their family in company celebrations or helping them contribute to the society through volunteering initiatives.

4. How has your association with Great Place to Work® helped your business and strategic goals?
The Great Place to Work® survey enables us to understand the pulse of our employees and be able to act on their feedback directly. It also enables us to see whether the people policies we implement and engagement initiatives we drive help our employees feel a deeper connection with the organization as a whole, and also if we need to course correct at any point.

Life @ Bajaj Finance Ltd

Glimpses of this Great Workplace

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