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Recruitment
Recruitment IndianOil recruits bright and professionally qualified people for its executive cadre. It follows a mix of open and campus recruitment. For open recruitment advertisements are published in leading national dailies. Interested candidates meeting IndianOils requirements can apply online. Applications are then scrutinised and checked for eligibility. The candidates meeting the criteria set by IndianOil are then called for a written test. Based on their performance in the written test, they are further called for group discussion/ group task and interview. For campus recruitment, IndianOil visits the IITs, NITs and other reputed technical institutes of the country for recruiting final year engineering students, and prominent business management institutes for final year MBA students. It also recruits Chartered Accountants from various centres of the Institute of Chartered Accountants of India (ICAI). A. Qualifications 01. The prescribed qualifications are a minimum of 65% marks in Engineering or Business Management from recognised institutes 02. Pass class as declared by the respective Institute for SC/ST/PH candidates in the qualifying Degree examination 03. Only full-time regular courses from recognised Indian universities/ institutes are considered 04. For Boiler Operation Engineers (BOEs), the requirement of minimum 65% marks in the qualifying Engineering Degree examination is not applicable Engineering Disciplines: Bachelors Degree in Engineering /Technology from the following branches are generally considered: 01. 02. 03. 04. 05. 06. 07. 08. Chemical, including Petrochemical/ Polymer Engineering Mechanical [excluding Production/Industrial] Engineering Electrical Civil (Excluding Construction/ Structural) Instrumentation & Control Metallurgy Computer Science Fire Engineering.

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Boiler Operation Engineer (BOE): 01. Bachelors Degree in Engineering/Technology in Electrical or Mechanical with Boiler Operation Engineer's Certificate (1st Class proficiency) 02. Minimum two years, post-BOE experience in the operation of large size thermal power plant having a coal/oil/gas fuelled boiler 03. Period of experience relaxed to ONE year for SC/ST candidates Business Management 01. Master of Business Administration (MBA) or its equivalent 2-year Post-Graduate Diploma in Marketing and Finance 02. Master of Business Administration (MBA) or its equivalent 2-year Post-Graduate Diploma with specialisation in Personnel Management & Industrial Relations 03. Master of Business Administration (MBA) or its equivalent 2-year Post-Graduate Diploma in Human Resource/Master of Social Work It may be noted that recruitment from all branches of Engineering or Business Management or BOE does not take place every year. B. Age Limit 01. Not exceeding 26 years for Engineers/Graduate Apprentice Engineers (GAEs)/ Management Graduates (HR) and 28 years for BOEs as on 30th June of the year of joining IndianOil 02. Relaxation in upper age limit by 5 years is extended for SC/ST/Ex-Servicemen applicants, 3 years for OBC & 10 years for physically handicapped persons C. Health Pre-Employment Medical Guidelines Prospective candidates seeking employment with IndianOil may please see the pre-employment medical guidelines and criteria for physical fitness. For details
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D. Selection Process 01. For open recruitment, the selection methodology comprises - Written Test (objective type consisting of two parts - General Aptitude and Discipline Knowledge), Group Discussion / Group Task and Personal Interview for assessment of different facets of knowledge, skill, attitude and aptitude 02. Candidates will have to pass through each stage of the selection process successfully before being adjudged as suitable for final selection 03. Candidates applying for BOE discipline will not be required to appear in the written test E. Execution of Service Bond

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Indian Oil Corporation :: Careers

http://www.iocl.com/PeopleCareers/Recruitment.aspx

01. All the selected candidates, irrespective of open or campus recruitment, will have to execute a bond of Rs.3 Lakh (Rs.50,000/- for SC/ST/OBC & PH candidates) giving a commitment to serve the Corporation for a minimum period of three years from the date of joining F. Concessions / Relaxations Reservation of posts for SC/ST/OBC (non-creamy layer) /PH (degree of disability 40% or above) as per Government directives Age relaxation by 5 years for SC/ST, 3 years for OBC and 10 years for PH candidates Age relaxation by 5 years for candidates domiciled in Jammu & Kashmir between 1.1.1980 and 31.12.1989 Age relaxation by 5 years for Ex-servicemen & Commissioned Officers (including ECOs / SSCOs) subject to rendering minimum 5 years military service and fulfilment of other conditions prescribed by Government of India Exemption from payment of application fee for SC/ST and PH candidates. Minimum standard of 65% marks in the qualifying Degree Examination is relaxed to pass class for SC/ST/PH category candidates Reimbursement of 2nd Class rail fare by the shortest route, to outstation SC/ST & PH candidates provided the distance travelled is not less than 30 km. (Candidates opting for examination centre other than the centre nearest from mailing address are not to be paid TA.) Remuneration Minimum CTC at Grade A (Entry Level)

Sr. No. Remuneration Components 1 Basic Pay *

Unit / % p.m. p.a.

Rs. 23000 276000 51060 138000 82800 98118 645978

2 3 4 5 6

Dearness Allowance (IDA) (as on 1.7.09) Perks & Allowances (Max. admissible upto 50% of BP) House Rent Allowance (HRA) - for Metro

18.5% 50% 30%

Superannuation benefits (upto max. of 30% of BP+DA) (includes PF, Gratuity, 30% Post-retiral Medical & Pension) Total CTC (in Rs.) - Metro city (Excluding Performance Related Pay) Rs. in lac

6.50 40% 110400 756378

Performance Related Payments Supera(Max. admissible subject to conditions) **

% age of BP

Total (in Rs.) - Metro city (6+7) (Including Performance Related Pay) Rs. in lac

7.60

* Basic pay is provisional and under finalisation ** As per DPE guidelines of 26.11.08, Performance related pay (PRP) is to be linked to MOU rating, profit of the current year, incremental profit (i.e. increase in profit as compared to previous year), grade & individual performance of the officer. Upto 60% of the PRP will be given within the ceiling of 3% of Profit Before Tax (PBT) of current year, and 40% of PRP will come from 10% of incremental profit. The total PRP will however be limited to 5% of the year's PBT. The performance payment shown above has been computed on notional basis in the revised Pay assuming that Corporation has achieved 'Excellent' rating, the officer's performance is 'Outstanding', and profit of the year and incremental profit are sufficient to give full performance incentive.

Perks and Perquisites Car purchase advance immediately after induction training - Rs. 2.65 lakh (@ nominal interest of 2.5%) Computer and furniture at home (provided by Company) House-building advance after 5 years of service - Rs. 12 lakh (@ nominal 5% interest). Insurance coverage for house is also provided at nominal 0.5% Almost unlimited medical benefits and nomination facility at best of the hospitals across the country for self and dependents Opportunity to avail of full fee reimbursement (up to Rs. 3 lakh) for part-time MBA programme at best of the institutes in India Individual performance-based incentives Life-time medical care: Post-retirement medical benefits Holiday Homes facility during service & after retirement Nominated hotels facility on tours / leave Apart from attractive scales and perks, IndianOil provides its employees many facilities and welfare measures, which are continuously upgraded. The medical facilities extended to the employees are rated amongst the best in the country. Apart from fully equipped hospitals at refinery townships, the Corporation has also nominated hospitals at various locations to meet employee needs. Holiday homes at select locations throughout the country help employees and their families unwind. Induction In a bid to facilitate the induction of a fresh recruit into the IndianOil family, all new recruits are imparted induction training. The induction programme consists of a Corporate Module as well Divisions-specific modules. These modules provide not only a macro view of the business and endeavours of IndianOil but also a micro insight of its various functions. A unique blend of classroom training as well as field visits helps fresh entrants understand the grassroots working of the organisation. Believing in the power of enriched experience, these training modules also provide ample opportunity to the officers for interacting with the senior management, including Directors on the Board through open sessions.

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