Taking the top spot on the list of the best companies to work for in South Africa in 2018 is Old Mutual, which was took the 7th spot in 2016/17, reports BusinessTech. The second-best company to work for is -auditing group EY Africa, and in third spot is financial software giant SAP.
According to BusinessTech, the annual international research study acknowledges and celebrates employers that “provide excellent employee conditions, nurture and develop talent throughout all levels of the organisation, and which strive to continuously optimise employment practices”.
The companies, which have to apply for the Top Employers certification, are then evaluated across nine key areas: talent strategy, performance management, career & succession management, compensation & benefits, culture, workforce planning, on-boarding, learning & development and leadership development.
Top Employers Institute Country Manager: Africa Billy Elliot said the certification benefits companies by enabling them to position their brands more effectively in the attraction, engagement and retention of the company’s top talent.
“Organisations are shifting from manager-driven development plans towards empowering employees to take direct ownership of their careers and development,” said Elliott.
“What sets Africa’s Top Employers apart is a growing recognition that people development is not a top-down strategy, but a partnership between the employer and the employee.”