Bayt.com, the Middle East’s No 1 Job site, has been officially recognized as one of the “Top Companies to Work for in the UAE” for 2011 by Great Place to Work Institute, a global research and management consultancy. The official list, published in the January issue of Gulf Business Magazine, is a ranking of the nation’s 10 best employers based on the confidential feedback of employees and an audit of management practices. A ceremony to celebrate the winners was held last night at the Fairmont Hotel in Dubai, UAE.
Bayt.com promotes a work culture of creativity and ingenuity, providing its employees with the required freedom to express themselves and grow professionally and most importantly recognises talent and follows a strong rewards policy. The Bayt.com culture is based on a meritocratic system, where high performance is recognised publicly and privately and star performers are rewarded exceptionally well.
The company also recognizes the importance of open communications; everything in the organisation - from the comfortable modern open-plan office settings to the fully equipped company cafeteria to the intranet, the internal blog and the regular senior management firm-wide communications and monthly formal performance appraisals - is geared towards encouraging and promoting open communications. A sound system in the cafeteria, a communal bulletin board, a bayt library, an online Love Touch Wall, rolling photography of the team in the headquarters foyer, monthly awards in recognition of star performers, and a Thoughts Mirror are just some of the myriad personal touches the Bayt team enjoys.
A central internal brainstorming and product development forum called Sawtna which is accessible by all ensures new ideas and best practices are disseminated and discussed across the organisation and that all bayt employees are actively part of the brainstorming and product development and enhancement processes.
There is a stringent focus on staff training and development at Bayt.com with clear career progression tracks, generous training provisions and monthly performance appraisals firm-wide to discuss career progress along agreed parameters for every staff member at every career level. The flatness of the organization is enjoyed by all and the CEO and senior executives are daily to be found mingling with all the different teams in the company cafeteria, in the training sessions, in the morning group huddles, on client premises as well as on the different sports fields with football and running being two firm favorite sports at the firm.
Most importantly, Bayt.com employees share a joint vision of empowering the region's professionals to lead better lives primarily through facilitating and enabling employment across the region. The company’s diligent and active CSR programmes further fuel and support this feeling of working towards a common good. A Free CV Services for the Unemployed product and a hugely popular CV writing clinic for the unemployed are just some of the recent CSR activities the Bayt team are proud to call their own and these are supplemented by free advertising and recruiting services for registered charities that charities around the region have enjoyed.
“We are honoured to have been ranked among the UAE’s 10 best employers for 2011 and will continue to strive to empower our employees with the freedom to express themselves, the support to grow professionally and ethical guidelines to help them develop their people skills in the workplace,” commented Rabea Ataya, CEO, Bayt.com.
Bayt.com’s recent ranking on the “Top Companies to Work for in the UAE” for 2011 follows a hugely successful year 2010 for the company. An impressive total of over 20 million job applications were received for Bayt.com job postings in 2010, indicating an ever-expanding consistent growth driven by the region’s professionals’ confidence in the site’s products, service levels, track record, commitment to the region and state-of-the-art recruitment platform. Additionally, the number of registrants on Bayt.com rose by over 33% in 2010 to a record of over 5.25 million registrants today. Average client satisfaction also remained very healthy with over 97% of Bayt.com employers for the year saying they had recruited successfully and would recommend Bayt.com to friends and/or use the jobsite again, and Bayt.com currently receives over 115,000 visits a day making it by far the most visited jobsite in the region.
Job Postings on Bayt.com doubled in late 2010 from periods in 2009 with approximately 12,000 active job vacancies live for candidates to apply to on any particular day. Moreover earnings grew steadily largely due to the depth and diversity of Bayt.com's regional, on the ground recruitment commitment. Additionally, Bayt.com’s recently revamped tools and technologies during the year have allowed for a paradigm shift in the jobsite’s economies and efficiencies, allowing employers to reap extraordinary results in the past two quarters. One of the most significant growth areas for Bayt.com has been in the recruitment agency arena with this key sector increasingly returning to Bayt.com to meet their recruitment needs across all career levels especially for senior executive talent.
To pick the “Top Companies to Work for in the UAE”, the Great Place to Work Institutes conducts an evaluation of each participating company. Two-thirds of the company’s score is based on the results of the Institute’s Trust Index survey, which is sent to the employees from each company. The survey asks questions related to their attitudes about the management’s credibility, employee engagement and job satisfaction. The other third of the scoring is based on the company’s responses to the Institute’s Culture Audit, which includes detailed questions about pay and benefits programs and a series of open-ended questions about hiring, communication, and development.
Commenting on the Top Companies list, Dr. Michael Burchell, Partner & Director of Great Place to Work Institute UAE, said: “We would firstly like to thank everybody that participated in the program and congratulate each of the 10 companies that have been recognized as top companies to work for in the UAE. Our Top Companies program measures the strength of an employer’s brand. By evaluating levels of credibility, respect, fairness, pride and camaraderie between employees and their managers, their jobs and their colleagues, we are able to help organizations improve their productivity and profitability.” Details of the full list can be found at www.greatplacetowork.ae, or through the Gulf Business Magazine January issue.