Aon, a leading global professional services firm providing a broad range of risk, retirement, and health solutions, has named twelve organizations as Best Employers in Malaysia for 2018.
Aon Best Employers achieved an engagement score of 87%, compared to a market average of 63%. They also scored 20 points higher than market average across the Best Employer indices of employer brand, effective leadership, and high-performance culture.
Despite half of Best Employers experiencing significant changes such as mergers and acquisitions, new leadership and a change in strategy, they increased revenues by an average of 15% (market average 3.88%) and profits by an average of 7.8% (market average 1.08%).
In an evolving business environment, Best Employers inspire their employees with a compelling vision. 87% of employees in Best Employer organizations agree that their senior leadership provides them a clear direction for the future (30 points higher than market average).
In addition, Best Employers have a total rewards strategy in place that focuses not just on pay but learning and career development opportunities as well. 79% of Best Employer employees feel that they receive appropriate recognition for their contributions (27 points higher than market average).
The Aon Best Employers in Malaysia for 2018 are:
In addition, two organizations received special recognition:
DHL Express Asia Pacific was also recognized as Aon Best Employer 2018, Asia Pacific, after being named Aon Best Employer in India and Singapore earlier. Marriott International Malaysia was named Best Employer 2018 through the global programme.
Ridhima Khanduja, Principal, Talent, Rewards & Performance, Aon Malaysia, said: “As Malaysian workforce gets more discerning with wider exposure and changing demographics, Best Employers invest in continuous dialogue across the employee lifecycle. They enhance employee experience by combining data, analytics, and powerful technology to create feedback loops that drive self-sustaining improvement enabling talent to maximize their potential. Best Employers strive to create a culture of empowerment, with engaged staff who take ownership of business outcomes and are strong advocates of their organizations’ brands.”
Prashant Chadha, Managing Director, Talent, Rewards and Performance, Aon Malaysia and Philippines, added: “Changes in the economic and political landscape of the country have created additional complexity, requiring businesses to be agile and to focus on reduced time-to-market. Agile businesses must be supported by agile HR. Best Employers harness these dynamic times by focusing on people practices that fuel collaboration, regular reflection, and rapid course correction, thereby driving business performance.”