Hello and Good morning, Respected faculty.

I would be discussing the topic ‘Why Larsen and Toubro is a great place to work’.

Before we begin understanding how Larsen and Toubro is or has become a great place to work, let’s
start off by pondering over a simple yet significant question :

What really makes an organisation a great place to work? Is it the salary, the incentives or is it a lot
more than that?

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Give that a thought while I take you through the summary of an HBR article published in the year
2022 that addresses the question. The recently published article was written to provide a solution to
the organizations facing high attrition rates world over. The article aims to provide solutions to make
the organizations happier for and the work loved by employees.

The article states three principles that must be incorporated within all practices and policies of the
organisation:

1. The people are the point : The organisation should make the employees the most
important stakeholders in the organization. by

- encouraging the employees to set both career and personal goals,

- contributing to the employee’s education in the form of direct payment for college degree
or forgiving and reimbursing student loans,

- celebrating the goals and achievements of the employee whether the goals are pertaining
to the organisation or the individual.

- and staying connected with and supporting their former employees in their new careers
and jobs.

2. One size fits one : The organisation should understand that each of the employees is a
unique person with distinct passions, interests and skills. And thus should refrain from
general standards and mechanisms of performance management for all employees. Since
different people in the same role find passion in different aspects of the role and thrive and
excel in the role using different techniques.

3. In trust we grow : For employees to discover and contribute their passions at work,
leaders must explicitly make trust the foundation of all practices and policies. Trust leads to
innovation, new ideas and new ways of doing a job, increased affinity and passion for a job,
and high engagement and resilience while working the job amongst the employees.

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We now head toward understanding How Lasren and Toubro is a great place to work.

1. To begin with, Larsen and Toubro has the three principles incorporated in its principles
and practices. The slide explains the manner in which the three principles have been incorporated at
the organization. The 3 points in the slide correspond to the three principles in the sequence as
stated earlier.
The organisation ensures that the 1st principle(people are the point) is in place by encouraging
employees to set goals(both career and personal), providing investment in the ongoing education of
each employee, celebrating each employee’s goals and achievements whether the goal is pertaining
to the organisation or the employee, and staying connected and supporting their former employees
in their new careers and jobs.

The organisation ensures that the 2nd principle(one size fits one) is in place by avoiding general
standards and mechanisms of performance management for all employees and understanding the
uniqueness i.e the unique interests, passions and methods or techniques of completing the job
pertaining to different employees

The organisation ensures that the 3rd principle(in trust we grow) is in place by discarding rituals that
erode trust such as goals imposed to the employees by the senior leadership(as such goals are
artificial and disconnect employees from thinking through what they love and how they can
contribute).

The other rituals that must be discarded to ensure trust prevails in an organisation are those of
performance ratings and 360 degree surveys. Performance ratings are unreliable and reduce an
employee to a number, failing to see the individual as a whole. 360 degree surveys generate
unreliable data that in no way reveals who a particular employee is.

These rituals or mechanisms convey to the employees that they are monitored without any real
trust in the employees believing that the employees know how to do their jobs.

Heading on to the next slide to discover a few other reasons that make Larsen and Toubro a great
place to work.
According to data,
73% of employees at Larsen &
Additionally, the
Toubro say it is a great place
conglomerate’s information
to work and 80% employees
and technology company
consistently had a positive
named LTI is Great Place To
experience whilst working for
Work Certified.
the organization.

85% of the employees in the

The organization scores high
organization feel the inclusive
in the areas of fairness,
culture and the employee-
employee care, safety and
friendly policies make the
team management, as
organization a great place to
suggested by data.
work.

80% of the employees say

that when they look at the
80% of the employees say
achievements of the
that the management is
organization, they feel a
honest and ethical in its
sense of pride, implying that
approach, contributing to the
80% of the employees feel a
third principle mentioned in
deeper connect and an
the previous slide.
association with the
organization.

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Apart from the data that clearly depicts indicates how Larsen and Toubro is undoubtedly a great
place to work, the following slide presents a few more facts that would certainly make one consider
Larsen and Toubro as their next employer.

The organisation has truth and righteousness ingrained in its values and culture as a part of its
culture, it focuses on:

 Enabling and empowering our employees to be creative and innovative.

 Fairness, equity, transparency and sustainability.

 Creating a culture of continuous learning, competitiveness and excellence.

 Respecting ethics, values, backgrounds and cultures pertaining to different

employees.

The company additionally takes care of employees through incentives and provisions some of which
are namely, the provisions of an accommodation, conveyance for travelling in and around the city,
three meals through the work day at reasonable prices and so on.

Furthermore, the organization is reliable and cares for its employees as it ensures job and pay
stability. For instance, the organization refrained from employing significant layoffs and pay cuts
during the pandemic.
Having learnt about the strong and righteous culture and values of the organisation, the practice of
the organization of placing care for its employee at its core and as a foremost convention indicated
through the incorporation of the three principles to make a workplace desirable and work loved by
employees, and the multitude of benefits and incentives that the firm offers its employees, I truly
encourage you to consider the organization as your next employer as it will not only provide you
with a lot more than what a workplace usually offers an employee but will also by all means
contribute to your growth and learning and support you through your careers throughout life, even
after you’ve left the organization.

Thank you!
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