Shared Services Centre (SSC) was formed
in February 2004 to process Salaries, Employee benefits & Retirement
benefits of L&T and S&A companies.
SSC has extended the scope of its operations and now handles payroll of more than 43,000
employees covering 20 separate units of L&T and 19 subsidiary and
associate companies. SSC has also undertaken quality for improving its
service to customers with the implementation of help desk software,
periodical meetings with it's customers,monthly reports and has formed an Assurance Cell.
SSC is an organizational model where support services
are separated from the mainstream business activities and organized
along service lines.This helps in implementation
of best practices across the organization in an efficient manner. The
service levels can be considerably improved by leveraging
information Technology.
Large organizations like L&T worldover are moving
towards the Shared service model to enhance efficiencies. In addition to
these,SSC is also disbursing employee benefit payouts such as medical
expenses,LTA,Car mileage,telephone reimbursement, etc.
Retirement funds comprising provident, gratuity, and
superannuation of more than 50,000 employees within the L&T group are
also being administered centrally by SSC.
SSC has in the course of the last one year successfully managed to address the various complexities arising out of
the locational and functional diversity in the payroll and employee
benefits of different L&T units.