Employees are five times more likely to be committed, loyal and engaged to their workplace if they feel psychologically safe, the latest rankings by Great Place to Work said. The rankings specifically capture the best workplaces on the parameter of health and well-being of the employees.
The study has ranked 50 companies within the corporate sector, with Accenture Solutions, Blue Yonder India, Capgemini Technology Services, DCB Bank, DHL Express India and Flipkart Group topping the list in 2024.
The study shows that despite the well-being of employees remaining a top priority for most employers (83%), there’s been a slight dip in the recent years. “During the pandemic, businesses quickly prioritised mental health and emphasised work-life balance. These changes led to a significant boost in well-being, deeper trust, and increased engagement. But as the crisis faded, so did the momentum. Many leaders are reversing course, as if well-being was a temporary fix rather than a fundamental shift in how work gets done,” the study said.
It noted that the companies that continue to invest in the well-being of employees are building a competitive edge over others in terms of retaining top talent and strengthening the work culture. “The ones who are pulling back will soon learn that once employees have experienced better, they won’t settle for less,” it said.
Meanwhile, outdated practices like office politics and favouritism are rapidly becoming liabilities as organisations embrace open and inclusive cultures that put people first, as per the study.
Balbir Singh, CEO of Great Place To Work, India, said that the conversation around well-being has changed, and so have employee expectations. “The most trusted organisations understand that well-being is not an initiative, but a leadership responsibility. When employees feel supported across all four pillars of well-being – mental, physical, financial, and social – 96% report a thriving work experience. But when even one of the pillars is absent, we see an over 20% drop in experience. What drives this gap is not just about offering more wellness programmes,” he said. The study captured responses from over 2.1 million employees.