Recognized by the ‘Great Place to Work Institute’ amongst 15 best work places in BFSI sector
Chennai, April 11th2018: Max Life Insurance, one of the leading life insurance companies in India, has been recognized as one of the top 15 ‘Best Workplaces in BFSI (Banking, Financial Services and Insurance Sector)’ in a study conducted by the prestigious Great Place to Work institute. What makes the recognition even more significant is the fact that more than 600 companies participated in the survey this year, out of which 55 were from the BFSI sector. The achievement is a testimony to Max Life’s values-driven culture and strong practices around employee engagement andtalent development, which have been the bedrocks of sustained business success.
Speaking about the achievement Mr. Shailesh Singh, Director and Chief People Officer,Max Life Insurance said, “It is indeed a proud moment for us. The recognition strengthens our commitment to raising the bar on building a great workplace. Any organization across any sector stands tall basis the passion and dedication its employees have for their company and the business it is engaged in. It is the culture of excellence, customer centricity and meritocracy along with a highly talented team that we have developed over the years, to help us being amongst the best today. The result of our efforts on people centricity resonates equally in our focus on customer centricity and superior business numbers.”
The recognition holds a lot of credibility with its holistic and credible dual-lens methodology. Great Place to Work Institute has been accessing workplace cultures across hundreds of organizations in India for more than a decade. The first lens looks at workplaces from the employees’ perspective and assigns a two-third weight to the voice of employees. The remaining one-third is assigned based on the strength of people practices implemented across the organization.
The achievement is a result of consistent efforts that the organization made for the well-being of its employees. At Max Life employeesare encouraged to be proud of what they do, share their ideas, collaborate with others and realise their full potential and also help other people realise theirs. We strive to create a working environment where people are cared, feel respected and feel professionally fulfilling. We are committed to doing what is right, as part of our mission and listening to voices from outside and inside becomes very critical. Emphasis is laid on bottom-up and purpose backward communication, which acts as internal lever of growth.
The organization nurtures a culture of meritocracy through setting of aspirational goals and objective assessments done in a transparent and fair manner. A robust performance management system enables high performance culture by providing clarity and alignment on organization and individual employee goals. Above all, the organization believes in collaborating – working together to achieve results, which is the bedrock of our values. Max Life believes in the power of one, as every employee partners in the company’s progress by providing their views, thoughts and inputs. The
entireorganization is aligned from top-down to work collectively towards the strategic direction that we set out through rigorous consultation and discussions with our employees.