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Thursday, 5 December 2013 00:02 - - {{hitsCtrl.values.hits}}
excellence in Human Resource Management and Development.
LOLC Group Acting Head of Human Resources Pradeep Uluwaduge accepted the Gold Award from ILO Country Office for Sri Lanka and the Maldives Country Director Donglin Li and SLITAD President Eastman Narangoda. Members of LOLC’s winning HR Team were also present at the ceremony.
Winners of this award program were evaluated on a set framework spanning ten focal points and strategies, namely; Business Strategy, Learning and Development Strategy, People Management, Leadership and Management, Management Effectiveness, Recognition and Reward, Involvement and Empowerment, Learning and Development, Performance Measurement and Continuous Improvement. The panel of judges in the audit review carried out by SLITAD included eminent Professors from the Management Faculty of the University of Colombo.
Commenting, LOLC Group Managing Director/CEO Kapila Jayawardena said: “It is with great pride that we celebrate this momentous win together with all employees of the LOLC Group. It is their fervent efforts that has secured LOLC’s name on the top echelons of the Sri Lankan Corporate sector. Further, this achievement has added great value to the strides we have taken to ensure that we are truly an employee-centric organisation. We are focused on developing our most valued resource which is our employees and our sound HR processes together with ample opportunities provided for employee growth, have indeed made us a preferred employer of choice.”
Earlier this year, three companies of the LOLC Group were adjudged among the Top 5 Great Places to Work, in the inaugural study carried out in Sri Lanka. The LOLC Group is comprised of 2,900 employees and has a successful retention rate of 85% during the FY 2012/13. This dynamic group provides excellent equal opportunities to men and women from diverse age groups, ethnicities and religions, and has proudly achieved many progressive strides in the HR Management and Development of the country.
LOLC Group is one of the leading top corporates of Sri Lanka to have a 40% representation of women in senior management positions alongside men, which is a significant accomplishment for a single corporate entity in the financial services sector of Sri Lanka.
In addition, the LOLC Group was one of the first top Sri Lankan Corporates to recruit youth from previously war torn areas of the north and east, generating employment to over 10% youth across 21 branches in the region.
Furthermore, fulfilling the needs of the leisure industry of Sri Lanka, which is one of the fastest growing sectors in the country’s economic landscape, LOLC Leisure Ltd. of the LOLC Group initiated a management trainee program for youth interested in furthering their careers in hospitality. LOLC intends to facilitate the growth of young professionals who will move onto become the next generation of doyens in the leisure and hospitality industry of Sri Lanka.
In addition, during the past years, LOLC successfully launched the ‘From Student to Professional’ (FSTP) recruitment project focusing on attracting exceptionally skilled school leavers. They were provided with both academic and industrial training after which the top performers were absorbed into the LOLC staff cadre.
