Lanco

  www.lancopromo.com
  www.lancopromo.com

Lanco Reviews

Updated November 15, 2014
Updated November 15, 2014
11 Reviews
3.3
11 Reviews
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Recommend to a friend
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L Madhusudhan Rao
5 Ratings

Employee Reviews

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  1.  

    Fast paced, wide variety of work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Mechanical Engineer in Westbrook, ME
    Former Employee - Mechanical Engineer in Westbrook, ME

    I worked at Lanco full-time (more than an year)

    Pros

    Lanco has a strong team atmosphere. From the designers to the assembly floor, everyone is always willing to help. Since most projects are one-offs, there is always something new involved which keeps the work interesting.

    Cons

    It is a boom/bust cycle. The concepting group gets slammed, followed by a lot of orders which hammers the design engineers, which then slams the assembly floor. These pockets of industry purchasing are just part of the job and requires flexibility - sometimes meaning that you work completely outside of your department for a while.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Good for those in a transitional period, but not good for long-term employment.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Hauppauge, NY
    Current Employee - Anonymous Employee in Hauppauge, NY

    I have been working at Lanco full-time

    Pros

    There are many good and talented people working here. Many of whom, are friendly, outgoing and willing to be helpful. Each person works well to the extent that their resources allow. The work they do is often difficult but they maintain their professionalism throughout. If they are nurtured properly each and every employee has the potential to become a stellar asset.

    Cons

    No on-site Human Resources Department. which makes it difficult to express concerns within the company. in an effective and confidential manner. The majority of communications from the remote HR department is to reinforce company position on issues such as summer dress code and the use of outside technology during business hours.

    As of this writing, there has not been any form of initiative to nurture or retain the current pool of talent in a meaningful and universally productive way beyond a token "employee of the month: gesture.
    Employee evaluations which are (according to the company handbook) intended to be performed annually have not been performed since 2008. This leads many of the newer employees to question when, or if such reviews happen, only to have these questions evaded, or ignored outright. Because of these, pay and position advancement is seen as a rare occurrence.

    Much of the design and layout work (as well as other things) is out-sourced outside of the company, this can more often then not create inconsistencies between an initial virtual mock up of a product (out-sourced) versus the final, (in house) produced result. More often than not, these inconsistencies can result in costing more to re-do an order, which in turn should question the validity in out-sourcing the design work to begin with.

    Much of the software and hardware used to perform job tasks is grossly out-dated. Couple this with the upper-management's unwillingness to purchase the right software and hardware necessary to perform these tasks until if, and only if there is no other option is highly stressful. This unwillingness to invest in the upgrading of the company infer-structure will eventually have a substantial and cumulative negative effect.

    Upon giving a customary "two-weeks notice" departing employees are almost immediately dismissed. This promotes a general feeling of dread and ill-will among the surviving (a tern not used loosely) employees moral drops further, which in-turn spurs a need among them to seek employment else wear or find some other exit from the company. In a place where lean has become "the goal" one can only expect this atmosphere as the outcome... The delusional goal than becomes to cut costs faster than sales decline.

    In spite of the above, the upper-management wishes to maintain the "status quo" which makes advancement within the company partially impossible, as its most cost effective for them to hire from outside than promote from within due to the current economic climate. The result is an atmosphere were it is generally felt that employees can feel like a replaceable part, rather than a valuable asset.

    It is recommended to potential employees reading this that their stay within the company should be seen as a transition between one job to another, and ideally should not exceed two years of employment with this company or risk career stasis.

    Advice to ManagementAdvice

    ** All statements, observations and opinions expressed above are true and accurate to the author's knowledge at the time of this writing. **

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  3.  

    Good company that squandered a golden opportunity

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous
    Former Employee - Anonymous

    I worked at Lanco full-time (more than an year)

    Pros

    Professionally managed with lots of experienced and knowledgeable staff, highly accelerated growth if one shows performance

    Cons

    No real concern towards employees, it could have created a separate corpus of funds for employees for difficult times to ensure timely payment of salaries, Promoters greed has resulted in high unmanageable debt.

    Advice to ManagementAdvice

    Please do not undermine your employees, they are your most important asset

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5.  

    very good company. U will have liberty to work in your way.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Executive in Vāranāsi (India)
    Current Employee - Executive in Vāranāsi (India)

    I have been working at Lanco full-time (more than an year)

    Pros

    liberty to work, good work culture

    Cons

    well I don't find a con as large to mention

    Advice to ManagementAdvice

    Control un necessary spending.

    Recommends
    Neutral Outlook
    Approves of CEO
  6.  

    Very nice Environment to work for

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Account Executive (FI & Accounts) in Gurgaon, Haryana (India)
    Former Employee - Senior Account Executive (FI & Accounts) in Gurgaon, Haryana (India)

    I worked at Lanco full-time (more than an year)

    Pros

    They are having very good employee benefits schemes with them. & Very cool environment also

    Cons

    But, No Employee retention schemes with them & not Bother if you want to leave, They don't even try to stop you on any how either they will hire new employees in a sec.

    Advice to ManagementAdvice

    Try to generate Employee Retention, because employee is a most valuable asset of every companies and The Best mouth of words also for company marketing also.

    Recommends
    Neutral Outlook
    Approves of CEO
  7.  

    Sinter plant project which includes fabrication & erection of chimneys ,Hoppers,Equipments worked as a QC& Ast. PM

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Ast Project Manager in Chittūr (India)
    Former Employee - Ast Project Manager in Chittūr (India)

    I worked at Lanco full-time (more than an year)

    Pros

    The best region to work in Lanco is all new emerging technology is installing in Lanco & their is upcoming a lot of projects which is most competitive in international level.

    Cons

    Their is lot of co-operation from my down line & am very happy to execute the project .

    Advice to ManagementAdvice

    include more automation to minimize time in break down.

    Recommends
    Positive Outlook
  8.  

    Seeking Sr. Managerial Opportunity in Automobile Sector

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Manager Maintenance in Jaisalmer (India)
    Current Employee - Manager Maintenance in Jaisalmer (India)

    I have been working at Lanco full-time (less than an year)

    Pros

    Good Growing Power sector company in Solar power

    Cons

    Funding problem has stand still growth of the plants

    Advice to ManagementAdvice

    make Plan to initiate the work asap

    Recommends
    Positive Outlook
  9.  

    Not satisfied with the company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Lanco full-time (more than 3 years)

    Pros

    none other than working with a company with more than 4000MW of installed capacity power plants

    Cons

    poor management, poor time management, poor utilization of resources and manpower. biased management towards higher officials

    Doesn't Recommend
    Neutral Outlook
  10. 1 person found this helpful  

    Good Working Enviroment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - STORES In Charge in Jaisalmer (India)
    Current Employee - STORES In Charge in Jaisalmer (India)

    I have been working at Lanco full-time (more than an year)

    Pros

    Growing company in field of Power Generation, still there is some hurdles due to some uneven conditions of Market economy

    Cons

    Nil, in my view there is nothing to worry.

    The business of company is growing in upward direction.

    There are many hurdles in the business cycle which are to be removed by any sector.

    Advice to ManagementAdvice

    Stop Rumers

    Recommends
    Positive Outlook
  11. 1 person found this helpful  

    a very good and satisfied experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Executive in Vāranāsi (India)
    Current Employee - Executive in Vāranāsi (India)

    I have been working at Lanco

    Pros

    supportive staff, good working culture, fast growing organization

    Cons

    salary is too less comapred to another organizations

    Recommends

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