Japanese Giant Toshiba to lay off about 7% of workforce

The oil-to-retail conglomerate added 75,000 new jobs during the pandemic year of 2020-21.

Reliance Industries Ltd, the largest company in India by revenues, profits and market value, has been ranked the number one company  in the World’s Best Employers rankings 2021, in a list compiled by Forbes. Globally, the company was at the 52nd place among corporates like Philips, Sanofi, Pfizer and Intel. The oil-to-retail conglomerate added 75,000 new jobs during the pandemic year of 2020-21. IT giant Infosys was ranked at 588, while Tata Group was at 746. Life Insurance Corporation of India (LIC) was placed at 504.

Samsung Electronics was ranked the best employer in the world, followed by US based tech giants IBM, Microsoft, Amazon, Apple, Alphabet and Dell Technologies. Huawei from China was ranked as the eighth best employer in the world.

Rankings based on various parameters

Other Indian companies like ICICI Bank, HDFC Bank, HCL Technologies, State Bank of India (SBI) and Larsen & Toubro were ranked at 65, 77, 90, 119 and 127, respectively. On the other hand, Bajaj was placed at 215, Axis Bank was ranked at 254, Indian Bank at 314, Oil and Natural Gas Corp (ONGC) was placed at 404, Amara Raja Group at 405, Kotak Mahindra Bank at 418, and 451 for Bank of India. ITC, Bank of Baroda and Cipla were ranked at 453, 460 and 496, respectively.

The rankings are based on a large-scale survey where employees rated their employers on numerous parameters. This includes ratings of companies on aspects like image, economic footprint, talent development, gender equality, social responsibility and willingness to recommend their own employers to friends and family. The list comprised of 750 companies that got the highest scores.

Forbes had surveyed 1,50,000 full-time and part-time workers from 58 countries working for multinational companies and institutions.