Global prepaid service vouchers firm Edenred and Great Place To Work Institute announced a list of 'India’s Best Companies for Rewards and Recognition '. US headquartered TPG Software topped the list, followed by Bangalore based Intuit Technologies Services and American Express, in their first ever survey in India.
In addition to the top three winners, Intel Technology, Qualcomm, Music Broadcast, Reliance Commercial Finance, SAP Labs, JM Financial Services and Aditi Technologies took the honours in the top 10 list of 'India's Best Companies for Rewards and Recognition - 2012'.
"Companies have realized that increased compensation or monetary incentives are no longer the critical differentiator. Organizations are engaging and retaining their key talent with their innovative and structured Rewards & Recognition programs. The companies featured as ‘India’s Best Companies for Rewards and Recognition’ have gone beyond the HR process and have considered this as a key business strategy to motivate, retain and engage their talent," said Sandeep Banerjee, Managing Director & CEO Edenred – India.
This award is based on the survey data taken from more than 13000 employees and HR managers from across 70 plus companies across 11 industries.