LOLC honoured at HRM awards

Tuesday, 31 March 2015 02:46 - - {{hitsCtrl.values.hits}}

LOLC won a prestigious ‘Silver Award’ at the recently held HRP awards organised by the Human Resources Professionals Sri Lanka. After three of LOLC Finance Companies were ranked among the best five corporates to work in Sri Lanka in 2013, LOLC continued to be rewarded and recognised in the recent past. LOLC being a firm believer in nurturing its Human Capital was rewarded with a ‘Gold Award’ at the People Development Awards in 2013, organised by the Sri Lanka Institute of Training and Development. Moreover, LOLC’s unique and harmonious industrial atmosphere was felicitated at the recently held island-wide competition for workplace co-operation and social dialog, organised by the Labour Regulator; Department of Labour Sri Lanka and was selected as the winner under

Service Sector large scale category. “At LOLC we have created a total learning culture within the Group, where ample opportunities are available for each and every employee to develop their knowledge/skills and competencies as well as their career paths horizontally and vertically within the Group,” said the Group Managing Director/CEO Kapila Jayawardena. “The Group retains and motivates the work force by treating each and every employee with equal opportunities, pride and dignity,” he added. The Group differentiates itself from the rest in terms of attracting the best talent and by offering highly competitive remuneration packages to commensurate the employees, their qualifications, past experience, skills, talents and attitudes, etc. Group Head of Human Resources Pradeep Uluwaduge stated, “LOLC has a thorough performance based rewarding culture where career development is considered purely on their performance evaluations. High performers are recognised and rewarded according to their individual performance levels and also their team contributions. We at all times encourage very dynamic teams to work towards achieving common goals. The Performance Evaluations Process is not merely being carried out to rank employees, but it goes beyond, where the Appraiser and the Appraisee engages in a continuous ‘quality conversation’ and the employee is supported to bridge gaps or short comings in order to come up to the required standard of performance. It is in fact a continuous evaluation process.” The LOLC Group maintains at all times an open door culture where employees have access to their superiors at all times and hence creates a very democratic culture. The staff is comparatively young and able to think strategically and outside the box. The opportunity to do their best in such an environment attracts the young talent, pool to the group. “Winning a Silver Award at the HRP Awards is a true testament of the best practices adopted by the Group and we are honoured to be set amongst the very best in this league,” closed Uluwaduge.