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| ICICI, HUL among world's best companies for leaders |
| Press Trust of India / New York Nov 20, 2009, 19:28 IST |
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Indian private sector lender ICICI Bank and global consumer goods giant Unilever's India-based subsidiary Hindustan Unilever (HUL) have been named in a list of world's 10 best companies for leaders.
The list, compiled by business magazine Fortune, is topped by global technology giant IBM. Proctor & Gamble has been ranked second, followed by General Mills and McKinsey at third and fourth position, respectively.
Fortune said the list has been compiled by ranking the most successful businesses that are the best at developing employee talent.
With a revenue of $7.4 billion and 36,335 employees, ICICI Bank has been ranked at the fifth position. HUL, the Indian arm of Unilever, has been ranked 10th.
About ICICI Bank the magazine said, "ICICI doesn't just have recruiters trolling for talent outside of the company; it also has 600 employees who act as talent scouts internally, identifying coworkers with leadership potential."
The internal recruiters tap 5,000 candidates a year, adding that these trainees are the only employees who get company stock options, the magazine said.
HUL, which has 15,000 employees, likes to think of itself as a talent factory. And with more than 1,000 alumni sitting on boards globally, it can certainly make a strong case for that, the magazine said.
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