Larsen & Toubro Limited Project Manager 1 salaries in India

Likes

Only salary on time

Dislikes

Works like a kindergarten school No r delayed promotion They Hold Variable component for 1 year Most of the salary component stuffed into variable High work pressure No work from home option

Likes

If you want to stay longer in government like environment this is for you, medical and domiciliary benefits are good, work life balance depends on your unit and your leadership.

Dislikes

6 day working, company policies, company tools, processes, HR, unclear salary structures, below average appraisals etc.

Likes

1. Variety of projects being executed, hence good learning opportunities. 2. Good medical and sick leave facilities

Dislikes

...et this 5 & 4 rating) 4-- Vital performer 3-- need to improve( ~5-7% get this) People who get 8 &7 rating their salary is very very high and they get all the benifit / allowances of the company. They get promotion in 2-3 years. And their salary is almost 35 -45% above market . Those who get 6 rating their salary is at per market average but almost 2/3 to 1/2 salary of 7&8 rated people. They also get much benifit nof the allowances. Those get 5 &4 rating , they do no get any company allowances even in the same designation as 6, 7 &8 rated people.. vital performer people get promotion after 4-5 years. Their salary is much below the market salary. Almost 30 % below 2. Once you get 5&4 rating improvement in eating is next to impossible. No matter how hard you work. 3. Only manager and above cadet get company valuable benifit like medical, car, telephone allowance. 4. Very high differences in Salary and allowances even in same designation of same batch candidate. 5. Appraisal process is not good...you work with somebody.... Somebody else will give you rating...and after that he will say he was not aware of your portfolio. 6. Salary consist of two major portion in manager grade one is retention bonus and other is performance bonus. Both will be around 40% of the salary which will be given at the end of year. This will not be paid under any circumstances,if any employee resign from service. Intentionally they put retention bonus in December and performance bonus in July, so that in case of registration employee will miss any one. 7. Annual increament is very low around 1000-2000inr ... But in case of promotion salary increases around 5000 to 20000 based on rating.

Likes

Salary gets credited on time. Job security.

Dislikes

...countability and processes not defined properly and due this blame game happens. Very low salary growth. Highly Biased appraisal. Not for MBAs. Good for engineering graduates

Likes

...ing workplace. Company is based on strong values. Employee welfare is top notch. Yes, compensation is less than market average but that's alright. Work life balance is unparalleled.

Dislikes

Compensation: should match market standards. Rest all super. Amazing company. I love working here.