The logo of Tata Group
The logo of Tata GroupReuters

Tata Capital, the financial services arm of the Tata Group, has received the 2015 Gallup Great Workplace Award.

The award was created by Gallup, one of the world's leading performance management consultancies, to recognize organizations for their extraordinary ability to create an engaged workplace culture that drives business outcomes. Winners were honored during Gallup's Spring Summit in Omaha, Nebraska, on 3 June, 2015.

Tata Capital joins a prestigious group of organizations that average a ratio of nine engaged employees to one actively disengaged employee, which is more than 16 times what Gallup found in nationally representative polling in 142 countries worldwide.

"We are honored to receive the 2015 Gallup Great Workplace Award. We strongly believe that our 'people' are our key driver of growth and highly engaged employees are the foundation of a successful organization," said Praveen P Kadle, Managing Director & CEO of Tata Capital Limited.

"We have taken well-structured, long term initiatives to build and sustain high levels of employee engagement and are extremely pleased that a global leader like Gallup has recognized our work in this area," he said.

Gallup's rigorous scientific research links employee engagement to nine integral performance outcomes — customer ratings, profitability, productivity, turnover, safety incidents, shrinkage, absenteeism, patient safety incidents and quality.

Gallup research also shows that companies with this winning combination have a competitive edge as organizations with highly engaged workforces can outperform their peers by 147 percent in earnings per share.

A panel of Gallup workplace experts evaluates applicants and assesses them against criteria established by the most comprehensive workplace study ever conducted. The top organizations selected gain entry into an elite group of companies that have won the Gallup Great Workplace Award.