MUMBAI, India, March 14, 2023 /PRNewswire/ -- Great Place to Work ® Institute, India (a global management research and consulting firm dedicated towards enabling organizations to build better workplaces by recognising the culture in the organisation) has successfully completed the assessment of Jaya Shree Textiles, Vikram Woollens and Grasim Premium Fabric, the Domestic Textiles (DT) business of Grasim Industries Ltd and has certified them as a great workplace.
Satyaki Ghosh, CEO, Domestic Textiles, Grasim Industries, said 'It is a proud moment for all of us and my heartiest congratulations to every leader and to each one of our team members for enabling this. The unique feature of this particular certification for Domestic Textiles, Grasim, ABG is that in our case it also includes the opinion of our workmen/women. This certification is a testament to our Culture created by the action of every member of Domestic Textiles family. We are proud to be part of Domestic Textiles, Grasim and Aditya Birla Group and thank Great Place to Work Institute for recognising us."
Great Place to Work (GPTW) Institute is a global management research and consulting firm dedicated towards enabling organizations to build better workplaces. GPTW is a Gold standard in assessing, enabling, and recognising Workplace Culture. Domestic Textiles business took part in their rigorous assessment process in Jan 2023 and the institute used their patented Great Place to Work Trust Index Employee Survey to understand DT's work culture through a Culture Brief and Culture Audit, the world's most widely used model to understand employee perceptions about their workplace.
The business had a whopping 92% participation which saw 3944 employees including the company's workmen/women voicing their thoughts.
Grasim's Domestic Textiles business stood high on all evaluation parameters and was certified the prestigious 'Great Places to Work'.
The DT business scored high on the TRUST INDEX © Score which represents the consolidated overall Trust Index score for Jaya Shree Textiles, Grasim Premium Fabric and Vikram Woollens. The Trust Index score is the percentage of employees that shared a positive response (rated 4 or 5 on a 5-point scale) to the 59 statements of the survey. This score is the average of the scores across 59 statements spanning 5 key dimensions of organisation culture as listed below:
- CREDIBILITY OF MANAGEMENT – measures the extent to which employees see management as credible (believable, trustworthy) by assessing employees' perceptions of management's communication practices, competence, and integrity.
- RESPECT FOR PEOPLE – measures the extent to which employees feel respected by management by assessing the levels of support, collaboration, and caring employees see expressed through management's actions toward them.
- FAIRNESS AT THE WORKPLACE – measures the extent to which employees feel that management practices are fair by assessing the equity, impartiality, and justice employees perceive in the workplace.
- PRIDE – measures employees' sense of pride in their work by assessing the feelings employees have toward their jobs, team or work group, and the company.
- CAMARADERIE BETWEEN PEOPLE – measures employees' sense of enjoyment in the workplace by assessing the extent to which the environment is friendly and welcoming; and the sense of community, or the degree to which people feel that they are members of a team or a family.
About Grasim Industries Limited
Grasim Industries Limited, a flagship company of the Aditya Birla Group, ranks amongst the top publicly listed companies in India. Incorporated in 1947, it started as a textiles manufacturer in India. Today, it has evolved into a leading diversified player with leadership presence across many sectors. It is a leading global producer of Viscose Staple Fibre and Viscose Filament Yarn, the largest Chlor-Alkali, Advanced Material, Linen Yarn and Fabrics producer in India. The company has made an entry into the paints business and setting up six plants across pan India locations. Through its subsidiaries, UltraTech Cement and Aditya Birla Capital, it is also India's largest cement producer and a leading diversified financial services player. At Grasim, there is an endeavour to create sustainable value for employees, 262,600+ shareholders, society, and customers. The company reported consolidated net revenue of Rs. 95,701 Cr. and EBITDA of Rs.17,772 Cr. in FY 2022.
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