New Delhi: Homegrown e-commerce company Flipkart has been ranked the number one company to work for in India, followed by rival Amazon and online hospitality company Oyo at numbers 2 and 3, respectively, according to LinkedIn’s fourth edition of the Top Companies list for India.
One97 Communications (Paytm) comes in at Number 4, followed by Uber.
For Flipkart, this is the third time in the last four years that company has topped the rankings, having been named number 1 in 2016 and 2017 previously. Last year, Walmart acquired the Flipkart group, which also houses Myntra, Jabong and PhonePe.
The homegrown Flipkart group is home to around 14,000 employees and has built a reputation for itself as a fast-paced and dynamic workplace. As India’s start-up poster child, Flipkart has long been a magnet for attracting the country’s top talent, particularly in engineering and technology. Flipkart was also recently named the fairest in working conditions and wages for ‘gig economy’ workers by an Oxford Internet Institute study.
“We are happy to be ranked once again as the most sought after workplace in India, which is an endorsement of our brand, and speaks to the ability of homegrown enterprises to create world-class institutions. At Flipkart, we have a unique, open and flexible culture that empowers our employees to do meaningful work that impacts the lives of millions of Indians. The chance to effect real change on the ground has always been our biggest draw as a company, and that allows us to attract top-notch talent equipped to create value for India, said Kalyan Krishnamurthy, CEO, Flipkart.
With more millennials and Gen Z professionals entering the job market, the 2019 Top Companies have "actively deployed employee-first initiatives" such as informal work culture and fairness of working conditions and wages, the report said. For example, mobile Internet company One97 Communications (Paytm) has done away with the concept of work appointments. Employees are free to have impromptu meetings and occupy available rooms without blocking calendars.
At the same time, companies are focusing on blazing business growth through smart acquisitions, and the expansion of employee strength with innovative hiring practices. These emerging trends have led to the debut of IT services providers like Tata Consultancy Services (TCS) and homegrown companies like Swiggy and Zomato on the list this year.
LinkedIn also found that most top companies are not shying away from spreading their wings. Of the top three, Amazon is foraying into the offline world by bagging retail chains and setting up kiosks in malls. Flush with money from its $1 billion fundraise, Oyo is venturing into food-tech, event management and co-working by acquiring startups. With 450,000 exclusive rooms globally, the online hospitality company aims to overtake Marriott as the world’s largest hotel chain by 2023.
This year’s rankings also corroborate the trend that technology roles were dominating the jobs market with the majority of companies in the list making maximum new hires for engineering jobs followed by operations and business development. Tata Consultancy Services (TCS), the country’s largest IT services company made a net addition of nearly 27,000 employees last year, up four-fold from 7,000 in 2017. Ranked 9, Alphabet (Google) resumed campus hiring at the IITs in 2018, after giving the elite engineering schools a miss for two consecutive years.