L&T Finance HR Executive salaries in Navi Mumbai

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...planning inefficiencies, management shortcomings, and questionable HR practices. While the company offers attractive compensation, it comes at the cost of a poor employee experience and limited flexibility. Work-Life Balance and Work Pressure: One of the significant drawbacks of working at L&T Finance is the lack of a healthy work-life balance. Employees often find themselves overwhelmed with excessive work pressure, leading to high stress levels and burnout. The management's insistence on meeting unrealistic targets and deadlines adds to the burden and negatively impacts employee well-being. Inefficient Planning and Management: L&T Finance seems to lack proper planning and coordination at various levels. The management, comfortably situated in air-conditioned offices, often imposes unrealistic demands on the zonal teams. Zonal Heads, instead of focusing on strategic matters, are forced into micro-monitoring activities, neglecting their core responsibilities. This lack of effective planning trickles down to other departments, leading to confusion and inefficiency. HR as a Business Puppet: It is disappointing to note that the HR department at L&T Finance appears to function as a mere puppet of the business. This raises concerns about the department's ability to prioritize employee welfare and act as an advocate for their concerns. The Zonal Head of HR, who should ideally bridge the gap between employees and management, seems more inclined towards speaking the language of business rather than addressing employee grievances. Lack of Department Heads and Zonal Level Work: An alarming issue within L&T Finance department heads have no heads and their corresponding expertise. This absence creates a void in decision-making processes and undermines the efficiency of individual departments. Additionally, the lack of significant responsibilities at the zonal level raises questions about the company's organizational structure and its ability to effectively manage operations. Worst Travel Allowance Policy: L&T Finance's travel allowance policy is widely regarded as one of the worst aspects of working for the company. The insistence on physical branch visits, which may have made sense in the past, seems outdated in today's digital era. With various electronic modes of communication available, it is hard to justify the need for extensive travel, which often disrupts work-life balance and increases expenses. Compensation vs. Employee Treatment: While L&T Finance may offer competitive compensation packages, it comes at a cost. Employees often feel treated as mere instruments of the organization, where their well-being takes a back seat. The company's heavy reliance on compensation as a means of retaining employees diminishes the overall job satisfaction and loyalty of its workforce. Mandatory Notice Period: One final concern to highlight is the mandatory 90-day notice period for employees who wish to leave the company. This policy restricts an individual's professional freedom and forces them to stay even if they are dissatisfied with their job or the company. Such a practice undermines employee morale and hampers career progression opportunities. Conclusion: While L&T Finance may offer attractive compensation, it fails to provide a conducive work environment that promotes work-life balance, efficient management practices, and employee well-being. The organization's shortcomings in planning, management, and HR practices, coupled with the burdensome travel policy and inflexible notice period, make it an undesirable workplace for many. Prospective employees should carefully consider these factors before joining L&T Finance.