Financial Daily from THE HINDU group of publications
Wednesday, Jun 09, 2004
Financial Daily from THE HINDU group of publications Wednesday, Jun 09, 2004 |
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Corporate
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Human Resources L&T to hire personnel with `more mature profile' Kripa Raman
Mumbai , June 8 PARALLEL recruitments from the industry and from top-notch non-resident Indians with experience in engineering and construction projects - this is what the human resources department at Larsen & Toubro is currently looking to do for its Engineering and Construction division. "Our hiring from B-schools and IIT campuses will continue, but this is going to be apart from that," said Mr K Venkataramanan, Director, President (Operations) and head of the Engineering and Construction (E&C) division of L&T. The division plans to hire around 400 people with varied work experience in the age group 28-42. The E&C division has done particularly well in 2003-2004, with revenues up 34 per cent, new orders of Rs 11,656 crore (an increase of 23 per cent) and an order backlog of Rs 16,961 crore, as on March 31, 2004. The idea, said officials, is to acquire personnel with a more mature profile who can be put on project work immediately. The NRI search hopes to serve the company's objective of becoming a well-known brand name in project engineering overseas. Although margins from overseas projects are lower than those from domestic projects, L&T has been pursuing overseas orders determinedly. . "We want to hire around 50 personnel overseas, preferably non-resident Indians who have considerable experience in the countries of their residence," said Mr Venkataramanan. L&T has overseas projects in Africa, the Middle East, SAARC countries, China and Canada. This may mean paying overseas salaries, but officials with L&T said that would not be a constraint. It has already made a few recruitments overseas. "This is very much a feature of becoming a global company," said another official with L&T. For a year now, the E&C division has been running an HR programme for its domestic employees called `GLOPAT', which trains them to become global project managers. "Apart from international contract laws, regulations and other matters, he (the employee) is also taught to be at home with all things international, including matters pertaining to food and lifestyle," said the official. L&T has over 18,000 employees, following the demerger of the cement division, which has taken away almost 4,000 employees.
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