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March 22, 2010
         
ICICI Bank, HUL among world's best companies for leaders
Updated on Friday, November 20, 2009, 21:48 IST Tags:ICICI Bank HULworld`s best companyForbes list
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New York: Indian private sector lender ICICI Bank and global consumer goods giant Unilever's India-based subsidiary 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 USD 7.4 billion and 36,335 employees, ICICI Bank has been ranked at the fifth position. Hindustan Unilever, 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.

Hindustan Unilever, 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.

The other companies in the list are fast-food chain McDonald's (sixth), US-based conglomerate General Electric (seventh), Titan Cement (eighth) and China Mobile Communications Corp (ninth).

About the IBM, the magazine said, "Where the average company might offer several hundred employees an international opportunity for two or three years, IBM gives "mobility assignments" to thousands for three to six months."

Diversified conglomerate Procter & Gamble, which has ranked at second place has a strength of 1,35,000 people and had revenue of USD 79 billion.

PTI


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