Project Report On

Human Resource Management Practices at

Larson and Toubro

Submitted To : Mohan Krishnan Submitted By : Lokesh Kr.

Roll no.
Sr. no. 1. 2. 3. 4. 5. 6. 7. 8. 9.

: 12BSP2319 Table of Contents

Larsen & Toubro Limited (L&T) is a technology, engineering, construction and manufacturing company. It is one of the largest and most respected companies in India's private sector. L&T was founded in 1938 by two Danish engineers, Henning Holck-Larsen and Soren Kristian Toubro. Both of them were strongly committed to developing India's engineering capabilities to meet the demands of industry. Beginning with the import of machinery from Europe, L&T rapidly took on engineering and construction assignments of increasing sophistication. Today, the company sets global engineering benchmarks in terms of scale and complexity. Seven decades of a strong, customer-focused approach and the continuous quest for world-class quality have enabled it to attain and sustain leadership in all its major lines of business. L&T has an international presence, with a global spread of offices. A thrust on international business has seen overseas earnings grow significantly. It continues to grow its overseas manufacturing footprint, with facilities in China and the Gulf region. The company's businesses are supported by a wide marketing and distribution network, and have established a reputation for strong customer support.

L&T believes that progress must be achieved in harmony with the environment. A commitment to community welfare and environmental protection are an integral part of the corporate vision.

The evolution of L&T into the country's largest engineering and construction organization is among the most remarkable success stories in Indian industry.

HR DEPARTMENT OF LARSEN AND TOUBRO Mission Statement of L&Ts HR department:

The organization believes that an organization is only as on success path because of its people. L&T is a team of more than 35000 L&T-its spread across multiple locations across the globe, having proven track record and professional skills, woven together with a common culture of trust & caring. L&T offers its people freedom at work, unmatched leadership & the opportunity to grow at a rapid pace. It provides them challenging, interesting & motivating assignments which brings a sense of professional fulfillment.

Basic principles of Human Resource Policies include: Recruitment based solely on merit by following well defined and systematic selection procedures without discrimination. Sustain motivated and quality work force through appropriate fair performance evaluation, reward and recognition systems. Identify training needs with the organization and design and implement those need based training Programmes resulting in continuous up gradation of knowledge, skills and attitudes of the employee.

Maintaining a quality human resource management system to meet the international standards as per ISO 9001. Plan design train equips and motivate the department staff to meet this standards of expectation.

Work culture: The Freedom to experiment Continuous learning and training Transparency Quality in all aspects of work Rewards based on performance and potential. company encourages entrepreneurial skills thus, enabling and

empowering employees to take appropriate risks. Employee participation is encouraged by inviting suggestions & opinions. This is coupled with competitive compensation & rewards and training through Core Development & Behaviour Development Programmes, to enable them to unleash their full potential. Company has ongoing organization development Programme which is one of the longest sustaining OD efforts. Today L&T is growing at a rapid

pace. This growth necessitate greater investment in talent. If the person has passion to excel in his career, L&T provide the right platform to

translate imaginations to reality. Company has opportunities in various disciplines viz Technology, Engineering, Finance, IT, HR, Research, Sales, Marketing, Legal and many more. Company invites people to be a part of this committed and professionally managed Indian multinational

At L & T company have taken a slew of measures to attract retain and continuously motivate talent. L & T cares for their employees and greatly values their contribution even set it daunting targets. The company therefore offers people the tools and techniques to facilitate performance and create competitive environment of excellence. HR Department emphasis a work life balance and provide employees with a broad spectrum of benefits. An employee grievance management system minimize employee concerns and help build loyalty. SELECTION PROCESS At present, company is visiting around 80 odd campuses with which they share a fantastic rapport for many years. Recently, organization has started a 'pool campus process' where invite all AICTE approved colleges in major locations across the country. This has enlarged the recruitment base for the company, increasing opportunities for bright engineers to make an entry into L&T.

Talent acquisition management:

L & T is crucible of engineering talent in India. The company conducts the talent pool to remain at the forefront of the latest developments in the filed of engineering thought partnership with reputed technical institutes like IIT Madras and Delhi, as well as the national institution of construction management and research among many other engineering colleges across India. Organization drew talent from Larsen and Toubro institute of At the 7

technology that conducts diploma course for employees children.

heart

of

companies

dynamic

workplace

is

spirit

of

delegated

entrepreneurship, empowering employees to assume responsibilities and create an environment where talent finds recognition and rewards. The result of people retention is excess of 90%.

Performance evaluation: At L & T has instituted a framework for linking appraisals with incentives and rewards (Fair) practice to act as a reference between years start goals and year end performance. The evaluation is conducted by immediate superior, in the presence of the employees, covering financial and non financial parameters. The non financial parameters consist of quality, material

optimization, technology development innovation personnel training and organizational culture permeation at project site plants and officers. For

employees working on the shop floor occupational health and safety are also considered in evaluation. Training and education: The organization has a human resources department dedicated to employees training. This department chalks year start coaching needs structures and

coaching in various institutes and organizations across India and abroad, in addition to in house training sessions it also addresses behavioral technical communication and presentation skills, the result enhanced productivity, increased sales.

Besides concuselling sessions are arranged for all employees nearing the conclusion of their service period. Programmes comprise technical training course counseling for post retirement financial planning and an effective transition to non working life. The training and development function is assigned the responsibility of building capability within the organization to conduct business optimally in the present and prepare the organization with capabilities to meet the challenges of the future. Larsen and Turbo gives awards to employees who have performed well, in terms of money, mementos, certificates stating best employee. Some cases employees get promoted. Quarterly review is done by Project Manager and employees get salary increment and promotion if the performance is good. On the basis of evaluation reports of the employee HRD department of Larsen and Tubro they plan special skill development training for employees. Motivation and Compensation Motivated employees are always looking for better ways to do a job. Highly motivated workers are more productive. In L&T to motivate employees for improve individual efficiency and

organizational effectiveness to enable them to achieve higher productivity provides various benefits to employees along with compensation so as to motivate them company is creating conducive working environment such as cold atmosphere, wash rooms, rest rooms, canteen facility. Recognitions &

Rewards is depending upon Degree of contribution and level of impact. L&T complies with the equal remuneration act.

Some of the recognition categories are given to employees: 1. Thank you slips 2. Pat on back 3. Appreciation letters 4. Simply the Best - Team Award 5. Holiday Plan

Career planning programmes: The HR department is organizing structured workshops to guide employees individual systematic self assessment of values interest, abilities goals and personal development plans during workshops, employees are made to define and match their specific career objectives with the need of the company. Generally these workshops are designed to guide individuals to

figure out their strength and week ness, career opportunities and necessary steps for reaching their goals.

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