Hewitt Associates has announced the results for its Top Company for Leaders 2007 survey. Six Indian companies to make to the elite list include Hindustan Unilever, Infosys, ICICI Bank, Wipro, Tata Consultancy Services and Thermax. Five companies out of these have found a place among the Asian Top Companies, while four have found their way to the premier list of Global Top Companies for Leaders.
The findings were sponsored by global human resources services company Hewitt Associates, in partnership with The RBL Group, which is a firm dedicated to helping clients increase quality of leadership and deliver strategic HR agenda, besides the Fortune magazine. The Global Top Companies for Leaders were selected and ranked by a panel of judges based on criteria including leadership practices, company reputation, leadership culture and values, and business performance.
Bob Gandossy, Principal and Global Practice Leader of Hewitt’s consulting business, said, “In this increasingly complex and global marketplace, companies must leverage talent and build leadership practices that have consistency throughout the world, if they want to be successful. This requires dedicated focus, passion and commitment to leadership. The Global Top Companies for Leaders not only possess these characteristics, but are also embedded into the companies’ DNA. By having the right leadership practices and processes in place, maintaining a strict focus on critical talent at all levels, and having a continuous desire to improve, Global Top Companies have cultures that cultivate and nurture their talent, and a reputation for doing that well.”
A three-step screening process to identify the finalist companies was adopted, which included assessing survey responses, conducting in-depth interviews, and analysing financial performance in relation to industry. This information was then provided to a panel of expert judges in each region to select and rank the list for Top Companies for Leaders in Asia-Pacific, Europe, Latin America and North America, for 2007. A separate judging panel, comprising one representative from each regional panel, considered all regional top companies to select and rank the Global Top Companies for Leaders list.
Commenting on the growing presence of Indian companies in the global list, Ajay Soni, Practice Leader-Consulting, Hewitt Associates, said, “This clearly indicates that having a world-class attitude around leadership development is not the exclusive privilege of Western organisations. Indian companies who want to be global majors in their own right have showcased their intense focus on building an organisational DNA which is geared naturally to leadership development at all levels.”