L&T Finance Human Resource salaries in Mumbai

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Compensation only

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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 The insistence on physical branch visits, which may have made sense in the past, seems outdated in today's digital era.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.

Likes

I like the compensation of the company

Dislikes

There is no work life balance the chief executive of each departments rule the whole company there is no say of HR in this company , always adhoc work no proper planing they would request data even of sat & sun also on late nights. No respect for HR as business rule the company. HR is a punching bag for the business heads. There is an unfair comparison in the company with timing of frontline staff & support staff. The appraisal are perception based & not performance based. You are given promotion for the work you are expected to do if you are your boss favourite even if you have completed just 1 year in the organisation. Given back to back promotion to employees for doing the same work.

Likes

This is a very good company. Company culture is also good and all co-workers are very helpful and 24 hour salary system is also very good.And the company has a very good health policy

Dislikes

The company is good but the salary is not right as per the time, it is very less and neither is the incentive structure right

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Salary and incentives are really good.If u work it's worth really.. promotion no issues

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The big problem is incapablity peoples in big position like TM,RM,SRM they are not have the capability to be a BM

Likes

Work life Salary Skill development

Dislikes

Some kind of aggressive mentors monitoring, It's too worst to face and use some salary to work comparision words continue revert by supervisor and superior officials