LOLC wins first-ever Gold at SLITAD People Development Awards
The LOLC group, reiterating its name as a top employer in the Sri Lankan corporate sector, was bestowed a Gold award at the SLITAD People Development Awards 2013, held at Water’s Edge.
LOLC, among other peer winners, received this prestigious award for excellence in human resource management and development.
LOLC Group Acting Head Human Resources Pradeep Uluwaduge accepted the Gold award from Donglin Li, Country Director of ILO Country Office for Sri Lanka and the Maldives and SLITAD President Eastman Narangoda. Members of LOLC’s winning HR team were also present at the ceremony.
Winners of this award programme 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, i nvolvement and empowerment, learning and development, performance measurement and continuous improvement. The panel of judges in the audit review carried out by the SLITAD included eminent professors from the Management Faculty of the University of Colombo.
Commenting, LOLC Group Managing Director and 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 have 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 Five 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 percent 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.