The world’s second richest person and one of the most successful entrepreneurs in the world, Warren Buffett, has been a source of inspiration for entrepreneurs and venture capitalist everywhere. With a net worth of more than $90 billion, Warren Buffett is also known as the investment guru who still rides the same gold Cadillac to work every day, eats the same meal and takes every opportunity to offer his wisdom to others. The Oracle of Omaha, the Maestro of Wall Street and the Chairman and Founder of Berkshire Hathaway, Warren Buffett is a gentleman of ideas with a splendid personality. Here are a few life lessons from the greatest investment wizard of the century. It’s not enough to surround yourself with people working in the same industry or market. Surround yourself with those people who will help you become a better person and a great entrepreneur. While money can buy you almost everything, it can not buy people who will love your or good health. Build relationships and health, not just a bank balance. The only way to make sure you are growing and learning every day is by keeping up the practice of reading. There is no substitute for knowledge at the end of the day. Buffett is known for backing an idea and not the people behind the idea. He has also added that he would rather buy a wonderful company at a fair price than buy a fair company at a wonderful price. Market your company to get the best value for the best price possible. If you can provide a valuable product, customers will remain loyal to your company for a longer period of time. Learn from your mistakes. See what you did previously and how those decisions affected your business. Never repeat the same mistakes again and keep your rear view mirror clean at all times. Never lose sight of your dreams, Have complete faith in your ability to achieve your dreams despite what happens and work hard to achieve your goals. Once you have started your journey, nobody can stop you from reaching your destination. Everyone has role models that they look up to in life. However, having the right role models is much more important than just having someone to look up to or admire. You do not have to be the smartest entrepreneur or the smartest person in the room. You can run a successful company if you avoid simple mistakes and make the right decisions for yourself and your company at the right time. All it takes are a few right decisions. Save money where you can and keep a track of your expenses. Do not be in a hurry to buy things that are not essential and you can live without. Resist the urge to buy everything that is trending today. Warren Buffett is proof that everything is achievable in life as long as you are persistent, keep the right company and keep up your good work. Buffett has always shown fortitude in the face of adversity and believes in doing what is right regardless of the upheavals in the business world. In the end, he believes life is too short and therefore we should all spend our time and effort on work we love. Watch this motivational speech by the Oracle of Omaha, Warren Buffett.
Great Place to Work, the global authority on workplace culture, surveyed over 3.3 million employees from across 16 diverse countries and cultures in Asia and the Middle East to determine the Best Workplaces in Asia™ 2021. This is the largest survey of employee experiences in Asia.
To be named as best in Asia, these 200 companies were the highest ranked on Great Place to Work Best WorkplacesTM National lists across the region. This recognition is based on confidential survey data assessing employee experiences of trust, innovation, company values and leadership. Companies are also evaluated on how well they are creating a For AllTM workplace experience, inclusive of all employees no matter who they are or what they do.
Interestingly, organizations from India constitute 21% of the Best Workplaces in Asia™ 2021, making it the country with the highest representation on the list!
On average, companies ranked on the Best Workplaces in Asia™ scored 10% better than those that made it to the National list level – an incredibly high bar as such workplaces are the best of the best in their own country. The Best Workplaces in Asia™ also had 15% more employees report:
- Feeling that management involves people in its decision-making
- Receiving special and unique benefits
- Receiving a fair share of the profits made by the organization
For companies on National lists across Asia, 70% of employees said they experience well-being at work (defined by factors such as feeling cared for and believing their workplace is a psychologically and emotionally healthy place to work). But that number jumps even higher to 81% at the Best Workplaces in Asia™.
“The Best Workplaces in Asia™ set the bar for company culture by supporting employee well-being and building inclusive workplaces that are good for everyone,” said Michael C. Bush, Global CEO of Great Place to Work. “They demonstrate how much they value their most important resource – their people. Thanks to these companies, more than 3.3 million employees benefit from the highest working conditions in a range of industries across Asia.”
“It is inspiring to see that the leaders of the Best Workplaces in Asia™ have placed Employee Wellbeing at the heart of their business strategy and they understand that it is not just a ‘good to do’ but a ‘Must do’, for sustaining a High-Trust, High-Performance™ culture,” – Preeti Malhotra, Head – Wellness Practice and Partner, Great Place to Work India.
Highlights from the Best Workplaces in Asia™ 2021
Topping the list for the second year in a row in the multinational category are shipping company DHL Express and hotelier Hilton – both holding onto their 2020 first and second-place rankings, respectively.
In the large category, PAP Community Foundation (Singapore), Talawakelle Tea Estates (Sri Lanka), and KB Kookmin Card (South Korea) claimed the top three spots.
Canva (Philippines) topped the list in the small-medium business (SMB) category, followed by Charity Committee for Orphans Care (ENSAN) (Saudi Arabia) and THE One (UAE).
Several new entries made the list this year, including luxury retailer Chalhoub Group, telecom company Ericsson, medical device supplier Medtronic, and financial services brands American Express and Synchrony. All of these brands made it into the top 15 multinational workplaces in Asia.
This year, COVID-19 brought physical and mental well-being front of mind for both employers and employees. In China, Hilton provided a live-stream lecture on return-to-work safety with the chief doctor of the Shanghai Centre for Disease Control and the director of infectious diseases at Huashan Hospital.
In India, Medtronic introduced a vaccination program for employees and their families. Lighting company Signify has in-house doctors available 2-3 days per week. In the Philippines, Canva is offering free COVID vaccinations for all employees and their household families.
The top 30 in the multinational category:
- DHL Express
- Chalhoub Group
- Landmark Group
- American Express
- General Mills
- Apparel Group
- DISCO Corporation
- S&P Global
- Siemens Healthineers
- Al-Dabbagh Group
To view the full list of the Best Workplaces in Asia™ 2021, click here: www.greatplacetowork.in/asia-best-workplace.
How Great Place to Work determines the Best Workplaces in Asia™
Great Place to Work identifies the Best Workplaces in Asia™ by analyzing companies’ workplace programs and surveying employees across Asia and the Middle East about the key factors that create great workplaces for all.
To be considered, companies must first be identified as outstanding in their local region by appearing on one or more of our Best Workplaces lists in Greater China (including China, Hong Kong and Taiwan), India, Japan, Philippines, Qatar, Saudi Arabia, Singapore, South Korea, Sri Lanka or UAE during 2020 or early 2021.
Companies rank in three size categories: Small and Medium (10-499 employees); Large (500+); and Multinational. Multinational organizations are also assessed on their efforts to create great workplaces across multiple countries in the region. They must appear on at least two National lists in Asia and the Middle East and have at least 1,000 employees worldwide with at least 40% (or 5,000) of those employees located outside the headquarters country.
About Great Place to Work
Great Place to Work is the global authority on workplace culture. Since 1992, they have surveyed more than 100 million employees worldwide and used those deep insights to define what makes a great workplace: trust. Their employee survey platform empowers leaders with the feedback, real-time reporting and insights they need to make strategic people decisions. Everything they do is driven by the mission to build a better world by helping every organization become a great place to work For AllTM.
Sector Well Prepared to Counter Third Wave: Sachin Gawri of Rise Infraventures Limited
Residential real estate in India has shifted from being dominated by investors to being dominated by end-users. Commercial real estate, on the other hand, is a far more appealing investment opportunity for both wealthy individuals and institutional investors. Sachin Gawri, Founder and CEO, Rise Infraventures Limited, throws light on the real estate scenario with focus on luxury residential and commercial segment.
Sachin Gawri, Founder and CEO, Rise Infraventures Limited
The real estate sector will be unaffected by the third wave because the country is prepared with a vaccination programme and the required infrastructure to mitigate the negative impacts. People have begun to look at real estate to stabilise their financial condition as a source of optimism. Following the first shocks in April and May 2021, economic activity across sectors began to build up in June 2021, owing to declining infections and progressive loosening of lockdowns.
Unlike the first wave, the real estate sector was more prepared for the second. The markets favourable tendencies, such as demand for larger homes, are seen in the numbers from Q2 2021. The real estate industry has likewise recognised the arrangements that it must deal with, and developers have maintained the ratio as a result. In the premium market, the percentage of new launches reached 15%, which is close to the 18% share it had in 2018. The sector will benefit from the optimization of launches in line with demand, enabling the sector achieve respectable sales statistics in the coming quarters.
Putting the fear of a pandemic aside, many property buyers are concentrating their efforts on luxury residential properties. The percentage of the premium has increased significantly, showing strong demand in Gurugram. Small investors, institutional investors, farmhouse seekers, and gated community enthusiasts all have options, thanks to the varied range of real estate options available in luxury.
The demand for houses in the periphery has risen dramatically; for example, the Dwarka Expressway in Gurugram is gaining much traction. Buyers from all sectors are shopping for properties in these places, not just those in the affordable group. The movement, however, cannot be credited to the COVID because work on rehabilitating the neighbourhoods has already begun. As infrastructure progresses, buyers begin to see the reality of the promise of a better living here. Buyers key concern is connectivity, and with many roads and expressways running through these neighbourhoods, acceptability has grown.
In the aftermath of the pandemic, the commercial has suddenly gained traction. Pre-rented units, for example, have joined the commercial area, assuring investors of a guaranteed income. There is no dramatic spike in demand, but a certain momentum could lead to brighter days ahead for the commercial sector. Commercial real estate is preferred by those contemplating real estate as an investment strategy because it provides attractive rent and appreciation returns. The category has also emerged, with creative technologies to make peoples lives easier. The most recent is a fractional investment, which allows smaller investors to participate in the pie.
Despite the pandemics interruption in recent quarters, office space absorption in Indias six major cities is expected to reach 41.3 million sq. ft. in 2021, up 22% from 2019. The leasing market in Delhi-NCR is forecast to grow by 20-25 per cent, with the majority of activity occurring in the second half of the year. Technology, BFSI, consulting, and manufacturing occupiers are projected to drive demand. The Delhi-NCR area has an 8.5 million sq. ft. pipeline of new supply, with Gurugram set to finish roughly 65 percent of it.
Laqshya Media Ltd. Announces ESOPs for its Employees
The Board of Director of Laqshya Media Ltd. has decided to reward it’s employees by way of ESOPs for their hard work, long-term association and contribution in building the company.
The company has announced the Employees’ Stock Option Plan for which covers a wide spectrum of employees from junior to senior managers in the company. With this, Laqshya Media becomes the first Company in the Out of Home media industry to offer the stock options to its employees.
Mr. Alok Jalan, Managing Director – Laqshya Media Ltd.
Announcing the grant of ESOPs, the Managing Director of Laqshya Media Ltd. Mr. Alok Jalan said, “We recognize that core to our company is a culture of trust with our employees and the management team is committed to continue to earn that trust. In addition, we continue to foster an environment of employee recognition, respect and development while striving to achieve a healthy work-life balance.
The company expects to take quantum leap from hereon in next couple of years. Laqshya will continue to evolve to address market and technology changes in order to become the leading provider of effective OOH solutions. We are also making significant investments into technology, business systems, research, facilities and equipment to enable us to provide innovative and timely services to our clients. Continued innovation and improvement in our service is key to sustaining client trust in the future. And on the same note, continuing to share ownership is one of the ways we maintain employee trust and commitment to succeed.“
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