L&T Process

Topics: Human resource management, Human resources, Management Pages: 7 (2041 words) Published: May 31, 2010
'Talent Management' has been a prime mover in the company's ambitious business plans. The HR strategy dovetails personal growth aspirations of employees with business needs. A variety of HR interventions give the division a strong competitive edge. A menu of career growth options and training are offered to young aspiring professionals for achieving excellence in engineering and project management skills. Setting up of L&T Project Management Institute at Vadodara complemented by the GLOPAT programme, mentoring of new joinees, recognition of excellence, strategy workshops and team building programs are some important initiatives undertaken during the year. COMPENSATION

The governing theme in our organization is the well being of our employees. The salary and benefits offered are on par with the best available in Construction Industry. It is aimed at not only attracting but also retaining talent. 

A few important perquisites & welfare schemes are highlighted below: Special Facilities for Site employees are provided|
The special facilities include subsidized accommodation, part furnishing of accommodation provided, and free transport facilities for work. Special Medical Insurance Scheme|
This scheme is in addition to other medical benefits available to employees. Employees have the option of covering their parents, aged up to 85 years under this scheme. Retirement Benefits|
All staff members are covered under Provident Fund and Gratuity Scheme. Education of employees' children|
L&T Institute of Technology, Mumbai is an exclusive facility for L&T employees' children. The Institute conducts four-year industry-integrated diploma courses in Mechanical Engineering and Electronics Engineering. On successful course completion, students are awarded diplomas by the Directorate of Technical Education, Maharashtra to which LTIT is affiliated.

Prize Money for Academic Achievement: To acknowledge and motivate meritorious wards of employees, the Welfare Department of L&T presents cash awards to students who have scored high percentage marks.   Additional Benefits at Managerial Levels|

Several attractive benefits are available including provision of company car, loans for furniture, housing & children’s higher education and purchase of Personal Computer, membership of Superannuation scheme and reimbursement of expenses on club membership. Welfare Activities

L&T INSTITUTE OF TECHNOLOGY was set up in 1983 by LARSEN & TOUBRO Staff and Workmen Welfare Trust to impart need based and application oriented technical education. It is primarily meant for the benefit of the wards of the employees of Larsen & Toubro and its subsidiary companies all over the country . Since 1st August 1984 the Institute has been taken over by L&T Ltd as a part of its welfare activities. In the last twenty years, the institute has emerged as a "model institute" and a "centre of excellence". Human Resources

L&T’s employment policies and systems radiate from a single principle – L&T believe in people. People are their most valued asset - their core strength. L&T have, therefore, created a ‘climate’ which is distinctive in industry. Employees gain a level of freedom which provides security, satisfaction and, most importantly, a sense of professional fulfillment. At L&T, learning is a continuous process. Human Resources Development Department offers training programmes for employee right through their career. A good blend of skill development, behavioral and core programmes provide stimulus for growth and career development. Courses are designed to keep employees in touch with the latest trends in management. Emphasis is laid on creativity, innovation, achievement motivation for excellence, empowerment, augmenting communication and interpersonal skills, developing initiative and leadership qualities and providing knowledge of computer applications. The compensation package offered by L&T compares favorably with respective industries in which...
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