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Organizational participation includes private companies, publicly listed companies, multinational subsidiaries, not-for-profit organizations, non-government organizations, educational institutions, franchise systems, partnerships, government departments, government agencies, local government and statutory bodies.
Entries are assessed utilizing a robust and dynamic framework to ensure that the assessment process is pertinent and objective. The World Business Awards Framework (WBA Framework) is utilized as a structured model of assessment that enables the participating organizations to be benchmarked against world class performance standards. The WBA Framework consists of specialized assessment modules pertaining to the evaluation criteria for each of the award categories. The criteria and sub-criteria provide a robust set of requirements that are used as the methodology for benchmarking and learning among the participating organisations.
The program engages with organizations worldwide to benchmark the full spectrum of their human resource management practices. The program provides a notable opportunity for leading employers to be acknowledged and recognised for their achievements both nationally and internationally. The World Business Awards seeks to engage with the world’s business, innovation and technology leaders through a global recognition and knowledge building initiative that is underpinned by the program’s established framework.
The recipients are acknowledged for their achievements and identified as the elite of their industry earning a place amongst a distinguished group by having their achievements being recognized on a prominent and far-reaching scale. Organizations that participate are provided with the unique opportunity to benchmark themselves against the top performers globally. The process culminates in the recognition of leading employers which maximize the full potential of their workforce through practices that demonstrate effective employee recruitment, engagement and retention being acknowledged for their achievements both nationally and internationally. The program provides the ultimate platform for building knowledge, increasing brand awareness, equity, loyalty and retention through increased exposure, recognition and prestige. This establishes a valuable resource that can be used extensively to create opportunities for publicity, positive organisational profiling and heightened employer brand awareness within the respective industries both nationally and internationally.