Highlights from Great Place To Work’s For All Summit 2024
National, February 09, 2024: Great Place To Work® India, hosted its highly anticipated “For AllTM Summit 2024”, a pinnacle event in the realm of workplace culture. With an impressive turnout of over 600 participants including CEOs, CHROs, and professionals from diverse backgrounds spanning 20+ industries, the summit focused on cultivating a High-Trust, High-Performance Culture within organizations.
Featuring a lineup of more than 25 distinguished speakers, the summit provided a platform for insightful discussions on prevailing workplace dynamics. Topics ranged from strategies for nurturing human-centric cultures to employer branding, the science of people management, and optimizing human potential in the context of a hybrid work environment. Notable speakers included luminaries such as Amitabh Kant, G20 Sherpa, Government of India; Keshav Suri, Executive Director, The Lalit Suri Hospitality Group; Dr. Sandhya Chintala, VP, NASSCOM; and PV Sindhu, Indian Badminton Player and World Champion, and more, each offering unique perspectives on shaping the future of work.
Yeshasvini Ramaswamy, Serial Entrepreneur & CEO of Great Place To Work®, India. said “For Great Place To Work® India, the Annual For All™ Summit 2024 marks a powerful beginning in our journey toward fostering a High-Trust, High-Performance Culture for workplaces across India. Collaborating with global leaders, and with the geo political climate that surrounds us, we are poised to put into work the transformative potential of the 3T’s – Talent, Technology, and Trust – within workplace dynamics.
The Indian economy has undergone a remarkable transformation in the last decade, and the recent interim budget echoes a strategic continuation of this trajectory. With a focus on GDP – Governance, Development, and Performance, the government’s commitment to economic growth, well-being, and progress is evident. The optimistic projection of the Indian economy becoming the third-largest globally, reaching a GDP of $5 trillion, is indeed a promising outlook, signaling unprecedented growth in the coming years.
At Great Place To Work, our unwavering commitment to the For All™ philosophy fuels our endeavors. Our 2023 research across 2000+ organizations representing 5 million employee voices reveals it to be a year marked by Sustainability, Pride, and Fairness amidst rapid technological adoption. Best Workplaces™ not only excel in compensation but also set examples by fostering inclusive environments where diversity is integral, equity is an expectation, and every individual’s presence is valued.
As India positions itself globally, workplace transformations reverberate beyond borders. Upcoming GCC setups amplify anticipation, providing platforms for India to showcase economic prowess, technological transformation, inclusive development, innovation focus, and impactful workplace cultures.
Introducing the First Ever Workplace Culture App by Great Place To Work India – For All Community India marks a significant leap for us. It offers a platform to learn from global thought leaders and access best practices, exclusive case studies, and insights from our finest research reports, fostering a collaborative community for continuous improvement.
As stewards of a greater purpose, we recognize the significance of social sustenance. Our commitment extends beyond profits, encompassing respect for human rights, well-being, and inclusive growth. Through EACH ONE GET ONE, we invite India Inc. leaders to nominate and sponsor an NGO for our culture assessment program, amplifying our collective impact on societal well-being.
To the business leaders of India Inc., your resilience in adopting innovative tech-led hybrid environments has been crucial. On behalf of Great Place To Work India, I extend sincere gratitude for your participation in the For All Summit, making it a huge success. I am confident that the discussions, insights, and ideas shared will leave a lasting impact on our collective journey towards a more inclusive and equitable future.”
A highlight of the event was the unveiling of a comprehensive report titled “Key Insights Defining Workplace Culture in 2023.”Key takeaways from the report shed light on the significant potential for enhancing workplace culture across various industries. While the education sector emerged with promising trust levels, the biotechnology and pharmaceuticals industry were identified as needing improvement in this regard. Moreover, the importance of fair compensation, equitable treatment, and a conducive work environment was underscored, with statistics indicating a significant correlation between these factors and organizational greatness.
A notable trend highlighted in the report was India’s transition into an onshore manufacturing hub, driven by robust domestic demand and increasing global reliance on the sector. Projections suggest a threefold rise in demand by 2031, accompanied by an 11.6% compound annual growth rate in exports over the next decade.
During his session on Made in India, Mr. Amitabh Kant, G20 Sherpa for the Government of India, delved into the remarkably robust and resilient growth story of Indian businesses.
Mr. Kant emphasized,” To stimulate significant job creation and sustainable growth, India’s manufacturing sector requires strategic development. This necessitates a multifaceted approach that not only focuses on industrial expansion but also addresses the imperative of enhancing agricultural productivity and fostering sustainable urbanization. Given India’s demographic trends, with a substantial migration from rural to urban areas projected over the next five decades, estimated at 20 Indians per minute, or 30 Indians per minute in some regions such as Mumbai, sustainable urbanization becomes paramount. With an anticipated 500 million Indians transitioning to urban environments, it is imperative that this urbanization is carefully planned and executed to ensure its sustainability.
This planned urbanization must encompass infrastructure development, efficient resource management, and the creation of livable spaces to accommodate the influx of people.
Furthermore, to catalyze economic growth and alleviate the pressure on the agricultural sector, a concerted effort is needed to facilitate the transition of rural populations into the manufacturing workforce. This entails investing in skill development, providing incentives for industrialization in rural areas, and fostering entrepreneurship to create employment opportunities beyond agriculture.
By strategically integrating manufacturing expansion, enhanced agricultural productivity, and sustainable urbanization initiatives, India can unlock its full economic potential while ensuring equitable development and environmental stewardship. This holistic approach is essential for fostering inclusive growth and meeting the evolving needs of India’s burgeoning population.”
The report also explored despite strides in ensuring physical safety in workplaces, challenges persist in areas such as psychological safety, flexibility, and fostering innovation. While most employees perceive their workplaces as physically safe, a notable percentage express concerns about psychological and emotional safety. Additionally, there has been a slight decline in the perception of innovation opportunities since 2022, indicating a need for renewed focus in this area. Also the report has highlighted experience of millennials varies significantly across industries, highlighting the importance of tailoring culture initiatives to specific contexts.
One of the overarching themes discussed was the importance of redefining women’s success in the workplace by fostering environments that support their growth and value their contributions. Strategies for creating great workplaces included expanding the talent pool through greater diversity and inclusivity, leveraging women’s influence to foster a supportive culture, and revolutionizing problem-solving approaches.
Overall, the For All Summit 2024 provided a platform for meaningful dialogue and actionable insights aimed at driving positive change in workplace culture, ultimately paving the way for more inclusive, high-performing organizations.