IndianOil recruits

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 IndianOil’s 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

The prescribed qualifications are a minimum of 65% marks in Engineering or Business Management from recognised institutes Pass class as declared by the respective Institute for SC/ST/PH candidates in the qualifying Degree examination Only full-time regular courses from recognised Indian universities/ institutes are considered For Boiler Operation Engineers (BOEs), the requirement of minimum 65% marks in the qualifying Engineering Degree examination is not applicable

Engineering Disciplines:

Bachelor’s Degree in Engineering /Technology from the following branches are generally considered: Chemical, including Petrochemical/ Polymer Engineering Mechanical [excluding Production/Industrial] Engineering Electrical Civil (Excluding Construction/ Structural) Instrumentation & Control Metallurgy Computer Science Fire Engineering. Remuneration Minimum CTC at Grade A (Entry Level) Sr. No. Remuneration Components Unit / % Rs. 1 Basic Pay * p.m. 23000 p.a. 276000 2 Dearness Allowance (IDA) (as on 1.7.09) 18.5% 51060 3 Perks & Allowances (Max. admissible upto 50% of BP) 50% 138000 4 House Rent Allowance (HRA) - for Metro 30% 82800 5 Superannuation benefits (upto max. of 30% of BP+DA) (includes PF, Gratuity, Post-retiral Medical & Pension) 30% 98118 6 Total CTC (in Rs.) - Metro city (Excluding Performance Related Pay) 645978   Rs. in lac 6.50 7 Performance Related Payments % age of BP 40% Supera(Max. admissible subject to conditions) **   110400 8 Total (in Rs.) - Metro city (6+7) (Including Performance Related Pay)   756378   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.