India’s Best Workplaces in BFSI 2024

Backed by 30 years of data, Great Place To Work® is the global authority on workplace culture. Great Place To Work’s methodology, derived from years of studying the best workplaces across the globe, is recognized as rigorous and objective and is considered the gold standard for defining great workplaces across business, academia, and government organizations. The proprietary methodology and platform enable leaders to truly capture, analyze and understand the experience of every employee, and compare outcomes with data collected from more than 100 million employees in 150 countries worldwide.

Great Place To Work For All™ methodology is based on fast-changing competitive landscapes, need for speed & agility indicate and that healthy business is about improving results by creating workplace cultures where leaders empower all individuals to reach their full potential and where every employee feels a sense of belonging regardless of their demography.

Great Place To Work invites applications from BFSI sector to be assessed and evaluated for being considered among India’s Best Workplaces™ in BFSI. This is the 7th edition of the recognition where 167 organizations from the BFSI sector undertook this rigorous assessment. This assessment aims at studying the ways in which organizations completely channelize their people power and create inclusive workplaces through effective leadership, meaningful values, and a culture where all employees experience high levels of trust, such that each employee is able to bring their best self to work.

As part of this assessment, all organisations are studied through two lenses. The first lens measures the quality of employee experience through our globally validated survey instrument known as the Trust Index™ Survey and carries 75% weightage. The survey helps in seeking anonymous feedback from employees and aims to measure the core of what creates great workplaces — key behaviours that drive trust in management, connection with colleagues, and loyalty to the company. The For All odel not only looks at the aggregate employee experience of an organisation but also measures the differences in survey responses across demographic groups and roles within each organisation to assess both the quality and consistency of the employee experience.

The second lens is called Culture Audit™; it is a proprietary tool of Great Place To Work that evaluates the strength of the leadership as supported by meaningful values & philosophy and the quality of the practices & programs that shape employee experience, build consistent levels of trust and enable each individual to fulfil their potential to better organisational performance. This carries 25% weightage. This tool comprises six questions that provide greater insight into how and why the organization is great for all people.

Criteria for selecting the Best Workplaces:

• TRUST INDEX – 75% weightage (An employee survey seeking anonymous feedback)
• CULTURE AUDIT – 25% weightage (A study of the people practices of an organisation)

Great Place To Work undertakes a robust validation process on the data gathered through the assessment process. The cumulative score of the Trust Index and Culture Audit determines an organization’s inclusion in India’s Best Workplaces in BFSI 2024. No individual or jury has a say in who makes it to the list—only employee feedback and quality of Culture Audit determine if an organisation is a great workplace. This year, we are recognising the Top 50 organisations in BFSI. The list is published as Top 25 followed by Top 26 to 50, both in alphabetical order.