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A STUDY ON EMPLOYEES MOTIVATION IN LARSEN AND TOURBO LIMITED :

A STUDY ON EMPLOYEES MOTIVATION IN LARSEN AND TOURBO LIMITED V.MURUGESWARAN

INTRODUCTION:

INTRODUCTION An understanding of effective employee motivation in the workplace and therefore effective management and leadership. The job of a manager in the workplace is to get things done through employees. The company was founded in Mumbai in 1938 by two Danish engineers, Henning Holck -Larsen and Soren Kristian Toubro . L&T became a private limited company in 1946. It then became a public limited company in 1950.

SCOPE:

SCOPE Developing Direct behavior toward particular goals Lead to increased effort and energy Enhance cognitive processing Determine what consequences are reinforcing Lead to improved performance

OBJECTIVE:

OBJECTIVE The objective of the study is to analyze the Employee Motivation in Larsen and Toubro. To provide a clear idea about employee motivation in L&T in various sectors. To analyze about various strategy used by L&T in Motivating the Employees. To know how Motivation influenced in L&T.

LIMITATION:

LIMITATION Time constraint- As the time was less, the secondary data could be collected for the study. As the time consent we took the one division of the L&T- Chennai division.

IMPORTANCE :

IMPORTANCE It helps proper utilization human resources It builts human relations in organisation It increases productivity of organisation

THEORTICAL CONCEPTS:

THEORTICAL CONCEPTS Nature of motivation Motivation means influence the people to do work . Motivation come from Latin root ‘ movere ’ , which mean to move. Motivation is internal to as and externalized via behavior. Motivation improves productivity in the organization

THEORIES OF MOTIVATION:

THEORIES OF MOTIVATION Early theory Contemporary theory EARLY THEORY Scientific Management Human Relation Model CONTEMPERARY THEORY Content Theories ERG theory Maslow’s Need Hierarchy Theory Herzberg Two-factor Theory Achievement Motivation Theory Process Theories Goal Setting Theory Vroom’s Expectancy Theory Adams’s Equity Theory Porter’s Performance Satisfaction model

PROCESS IN L&T:

PROCESS IN L&T Building Foundation New employee come in to the Company are welcome with orientation. Positive Environment The office doors are always open People on the Right Path Advancement opportunities within their own company

CONT..:

CONT.. Educate the masses Attend workshops and seminars related to the industry Employees Fun Employees to a pizza lunch or taking everyone to the movies Incentives A gift certificate ,a performance-based bonus or salary increase. Career coaching On-site coaching , one-on-one counseling

COMPENSATION:

COMPENSATION Special Facilities for Site employees are provided Special Medical Insurance Scheme Retirement Benefits Education of employees' children

TOP TEN MOTIVATORS:

TOP TEN MOTIVATORS Thanks personally, timely, often & sincerely Take time to meet and listen to staff Provide feedback Encourage new ideas and initiative Explain how employee fits into organization’s plans Involve employees in decisions Provide ownership in their work Recognize, reward, & promote based on Performance Give chance to learn new skills Celebrate successes!!!!

EMPLOYEE WELFARE:

EMPLOYEE WELFARE ACCOMODATION TRANSPORT MEDICAL INSURANCE SCHEME STAFF MEMBERS (PROVIDENT FUND) EDUCATION L&T INSTITUTE TECHNOLOGY M.E & E.E.E (4 yrs DIPLOMA)

SWOT ANALYSIS:

SWOT ANALYSIS Strengths Experienced top Management International Orientation Weaknesses Global Positioning Employee Relation Absenteeism Processes oriented R&D

Cont..:

Cont.. Opportunities Boom in Transport Agencies Mass consumerism Economic development in India Threats Liberal Government Policies Strong World Competitors New Advanced Technologies

CONCLUSION:

CONCLUSION Larsen and Toubro is one of the leading company in major sectors in India. The conclusion from the study was that L&T motivate the employee in a good way. In order to maintain this position in the market L&T has to continue these type of Motivation levels.

THANKYOU:

THANKYOU