Indian Oil Corporation Limited

 Indian Oil Corporation Limited (IOCL), commonly known

as IndianOil is an Indian state owned oil and gas company with
registered office at Mumbai and primarily headquartered in New Delhi.

 It is the largest commercial oil company in the country, with a net

profit of INR 19,106 crore (USD 2,848 million)

 Indian Oil Corporation Limited (CPCL)accounted for over 48% of

petroleum products market share, 34.8% national refining capacity and
71% downstream sector pipelines capacity in India. Indian Oil

 The IndianOil Group of companies owns and operates 10 of India’s 20

refineries with a combined refining capacity of 65.7 million metric tons
per annum
 The present chairman of Indian Oil Corporation is Sanjiv Singh.
Indian Oil Corporation- Vision and
Mission
Vision

 A major, diversified, transnational, integrated energy company, with national

leadership and a strong environment conscience, playing a national role in oil
security & public distribution.
 The cornerstones of Indian Oil’s Governance Philosophy are based on its core
values, i.e.
“Care, Innovation, Passion, and Trust”

Missions

 Achieving international standards of excellence in all aspects of energy and

diversified business with a focus on customer delight through the value of
products and services, and cost reduction.
Human Resource at Indian Oil Corporation

 Indian Oil has a rich legacy of corporate milestones in its

journey of over five decades.
 During this journey, the Corporation has emerged as a pan-
India entity with an unparalleled network of physical
assets.
 All these years Indian Oil has achieved what it intended to
achieve, it is only because of human resource.
 The employees strength of the Corporation was 33,135 as
consisting of 16,545 executives and 16,590 non-executives.
HR Functions

 Training
 Interactive sessions with employees to promote
interpersonal effectiveness and bring down barriers to
communication
 Motivational work groups, discussion forums
 Appraisal and Reward System
 Recruitment
Talent Acquisition -Recruitment &
Selection

IOCL follows a mix of open and campus recruitment :

 Written Test Group Discussion
 Group Task
 Personal Interview
 After 2010, IOCL stopped conducting its own exam
and start selecting procedure through GATE score.
Training & Development
 IOCL lays strong emphasis on training and motivating to keep
its workforce constantly engaged
 The learning services IOCL offer are on a select basis to
managers from the industry on national and international basis
 Indian Oil in 1995 set up the Indian Oil Institute of
Petroleum Management (IIPM) as an apex centre for
learning
 IIPM also offers a 1-year MBA programme in Petroleum
Management
 IOCL conducts discipline-specific training workshops from
time-to- time so that employees can constantly upgrade
competencies and strengthen individual capacities for
organizational effectiveness.
HR & MOTIVATION
 Employees Participation
Employee participation is the process whereby employees are
involved in decision-making processes

 Mentoring Program
It is very important to provide a friendly platform to the new
recruits to adjust to the corporate culture and look for career
growth opportunities.

 Reward & Recognition

Indian Oil Corporation recognizes its high performe employees
and rewards them through different schemes such as a golden
handshake, golden parachute, and profit-sharing plan etc
Employees’ Performance Management
System (EPMS)
 Performance management is a process by which managers
and employees work together to plan, monitor and review
an employee's work objectives and overall contribution to
the organization.
 The new e-PMS system allows employees to identify Key
Result Areas (KRAs) which are defined on the basis of Key
Performance Index (KPI).
 Performance related to Pay, individual rating, and
departmental promotions are all linked to the e-PMS
rating.
 The policy is also applicable to the whole time functional
directors
EMPLOYEES BENEFITS AND ALLOWANCES
 One reason for high level of commitment among IOCL
employee is the way they treat every individual family as a
part of the whole IOCL family
 The employee can be posted to any location and IOCL
offers best quality of life through all amenities
 From education of children to health care of parents
everything is provided by IOCL to its employees
 Life-time medical care: Post-retirement medical benefits
Talent Retention - Employee
Engagement Initiatives

 Sport activities
 Club facilities
 Article writing competition
 Recognition in annual magazines