This Ppt contains the Recruitment and Selection Strategies of L & T securities. The PMS methods and Sourcing Strategies. You will also get a prescribed format of its JD and JS

1. L&T Financial Services
Presentation By: Milind Solanki
PGDM-5
Roll no.: 31

2. Sector Information
 India has a diversified financial sector undergoing rapid expansion, both in terms of
strong growth existing financial services firms and new entities entering the market.
 The financial sectors comprises commercial banks, insurance companies, pension funds
and mutual funds.
 The government of India has introduced several reforms to liberalise, regulate and
enhance this industry.
 The Reserve Bank of India has taken various measures to facilitate easy access to finance
for Micro, Small and Medium Enterprises (MSMEs).
 India has scored a perfect 10 in protecting shareholders right on the back of reforms
implemented by Securities and Exchange Board of India (SEBI).

3. Company Information
 L&T Financial Services Ltd. provides various financial products and services
in India and was incorporated in 1993.
 It provides farm equipment, micro finance and two wheeler finance
products from Rural Business Segment.
 It provides property loans and real estate finance products from Housing
Business Segment.
 It provides infrastructure finance products, structured corporate loans and
supply chain finance products from Wholesale Business Segment.
 It provides commercial vehicle finance products, and construction
equipment finance products from Defocused Business Segment.

4. HR Functions and HR Practices
 Open book management style.
 Performance linked bonuses.
 360 degree performance management.
 720 degree performance management.
 Safe, healthy and happy workplace.

5. HR Policies
 Equal employment opportunity policies.
 Performance improvement.
 Meal periods and break periods.
 Overtime compensation.
 Vacation policies

6. JD & JS (Assistant Manager)
 Sourcing of machinery/finalization of contracts for yard infrastructure
development. Arrangement of logistics activities at yard.
 Sourcing of materials, plates, structural, piping bulks, E&I items, rotary & static
equipment and other components used in oil & gas sector.
 Understanding customer satisfaction, preparation of purchase specification,
inviting bids, bid evaluation and tabulation.
 Setting standard for vendor qualification & vendor development.
 Coordinate with ware house for preparation of GRN and with finance
department for vendor payments.
 Industry type:
Oil and gas, energy, power, infrastructure
 Functional area:
Supply chain, logistics, purchase, materials
 Role:
Purchase/ vendor development manager

7. Sourcing Strategies
 Insurance and benefit programs.
 Relocation services.
 Talent consulting programs.
 Vendor management systems (VMS).
 Payroll processing.

8. Recruitment & Selection
Recruitment
planning
Strategy
development
Searching
Screening
Evaluation and
control

9. PMS Methods
 Rating scales.
 Performance tests and observations.
 Behavior anchored rating scales.
 Checklist.
 Confidential records.

10. Thank You