Majesco, a global leader of cloud insurance software solutions for insurance business transformation, today announced the successful results of its third annual employee opinion survey and its plans to further enhance the employee experience. Majesco partnered with Perceptyx, an organization that specializes in employee survey and people analytics, to provide a forum for employees to share honest opinions, thoughts and ideas.
Now in its third year, Majesco achieved a 6% increase in participation rates compared to its 2022 survey, accompanied by a positive upward trend and impressive scores in all areas. Majesco outperformed the 75th percentile technology benchmarks in Diversity, Equity, Inclusion, Performance Management, and Teamwork by a margin of 10 points.
"Our employees are the foundation of our organization; I'm so proud of the success they've achieved and grateful for their unwavering commitment and tireless efforts, "says Adam Elster, CEO at Majesco. "Our financial stability has enabled us to continually invest in new capabilities that keep our customers at the forefront, but it's the investment in the growth and well-being of our employees that also remains a top priority. As a leadership team we recognize that it is our employees who propel us forward, and understanding what keeps them engaged and focused is critical to our future success."
Majesco was recently named the #1 Technology leader in the Quadrant's Spark Matrix for both P&C and L&AH, earned a spot on the InsurTech 100 List for a third consecutive year, and ranks #23 on the top 100 software companies of 2023. These accomplishments directly stem from Majesco's dedicated efforts in building a motivated, collaborative and inclusive work environment. They are echoed in this year's survey results with the top three highest scoring categories coming from Diversity, Equity and Inclusion (DEI), Manager Relationships and Company Culture. The survey goes on to show that Majesco employee engagement scores are up across the board with 91% of employees believing they can be their authentic selves at work, 90% who believe their coworkers embody Majesco core values and 90% having confidence in the future of the company.
"Our employee opinion survey serves as a cornerstone for our success because it allows us to listen, learn and make meaningful changes," says Melissa Blankenbaker, Chief Human Resources Officer at Majesco. "It provides us with invaluable insights and feedback, helping us continuously improve our workplace, foster a culture of collaboration and innovation, and ensure that our employees remain engaged, satisfied, and motivated. We not only listen and measure what's important to our employees, but also act and invest based on their insights."
For those interested in working for an organization that prioritizes the growth and well-being of its employees, customers and communities in which they operate, Majesco encourages you to apply for a position on their website.
Majesco is the partner P&C and L&AH insurers choose to create and deliver outstanding experiences for customers. We combine our technology and insurance experience to anticipate what is next, without losing sight of what is important now. Over 330 insurers, from greenfields and startups to some of the world's largest insurers, rely on Majesco's SaaS platforms solutions of core, data, analytics, digital, and rich ecosystem of partners to create their next now.
As an industry leader, we do not believe in managing risk by avoiding change. We embrace change, even cause it, to get and stay ahead of risk. With 900+ successful implementations we are uniquely qualified to bridge the gap between a traditional insurance industry approach and a pure digital mindset. We give customers the confidence to decide, the products to perform, and the follow-through to execute.
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