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Great Place to work
INDIAN OIL CORPORATION LIMITED
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INTRODUCTIONFrom the Employees perspective, a great workplace is one where they:
TRUST the people they work for;
Have PRIDE in what they do; and
ENJOY the people they work with.
From the Managers perspective, a great workplace is one where they:
ACHIEVE ORGANISATIONAL OBJECTIVES;
With employees who GIVE THEIR PERSONAL BEST; and
WORK TOGETHER AS A TEAM / FAMILY in an environment of TRUST
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TRUST CAN BE MEASURED BY: TRUST INDEXi. Credibilityii. Fairnessiii. Respect
iv. Camaraderiev. Pride
CULTURE AUDITi. Work together as family: sharing, hiring & celebratingii. Achieving organizational objective: inspiring, speaking & listeningiii. Give their personal best: thanking, caring & developing
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TRUST INDEX
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CREDIBILITYoIOCL adopted integrity pact on 15th July, 2008 whichestablishes mutual contract rights and obligations andbring transparency and enhances the credibility oforganization
oIOCL maintains a good investor relations which createscredibility for future value proposition
oInvestors communicate their economic proposition,while establishing ,enhancing and protectingmanagements credibility.
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Pride & RespectoThe company respects employee dignity
oInvestment towards Employee technologicaladvancement.
oModern HR related policies such as first PSU to
develop online performance management system andhence being more impartial.
oOne of the largest PSUs in india.
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FAIRNESSo IOCL had adopted The Code of Conduct for Board Members and Senior Management Personnel
Code of conduct for prevention of insider trading
Policy on risk assessment and minimising procedures
oThe Right to Information Act, 2005 came into existence w.e.f. 12.10.2005which addresses the constitutional right to know and access informationrelating to any private body
oEthical and transparent process in managing the affairs of the Company
oIOCL currently has in place Conduct, Discipline & Appeal Rules, (the "CDARules"), which govern the conduct of all employees of the Company
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Camaraderie
o Web people chat options to encourage communicationamong employees
oEmployees meet together to help the community in its CSR
activities developing care, innovation, passion and trust
o An interactive session with Senior Managers sharingfeedbacks and improvement area
o Work together as a team/family in an environment of trusto Participative forums in the form of joint managementcouncils, quality circles, suggestions scheme
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CULTURE
AUDIT
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Work together as family:
sharing, hiring & celebratingObligations towards employees : To develop theircapabilities and facilitate their advancement throughappropriate training and career planning. To have fairdealings with recognized representatives of employees inpursuance of healthy industrial relations practices andsound personnel policies.
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Achieving org objective:
inspiring, speaking & listeningo Solar power project and Nuclear Power Plant in Rajasthan, Windpower projects in Gujrat and Andhra Pradesh, aware generationprograms.
o MoU with TII to implement an Integrity Pact on enhancing
transparency in its business transactions, contracts and procurementprocesses.
o Increased CSR budget from 0.5% in 1991 to 2% in 2009.
o Indian Oil Educational Scholarship Scheme to give scholarships to 2600
students on merit-cum-means basis.
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Give their personal best:
thanking, caring & developingo ThankingSuggestion Scheme: Innovative ideas are rewarded by management.
Immediate boss takes care of all the needs of their subs. Not much pressure of work.
o
CaringPerfect work life balance
Management cares for people and places people as priority.
Free food, cafeteria, medical, travel and telephone allowances.
HRs take care of allowances to help them focus on work.
o Developing
Safety, health & environment training as well as skill up gradation training to male,female and PWD employees.
Project CHETNA: for customer attendants.
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Employee Reviews
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Interview ExcerptsName: Swantika DhundiaDesignation : Officer at Indian Oil Corporation Limited
Location: Chandigarh,India
Industry: Electronic Manufacturing
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Give one word for ParametersCredibility : Transparent organizationPride : Excellent Brand Name to kick start your career
Respect: Individual Dignity
Camaraderie: We are a family
Fairness : Strong office politics
Culture: Symbol of work life balance, freedom is given to tryalternatives, but very Hierarchical structure, Lot of time is wasted intaking internal approvals.