Life at IOCL – Working with India’s ‘Energy Major’

Employees at its firm have often regarded life at IOCL as one of the best. Indian Oil Corporation Limited has been ranked in the ‘Top 50’ best employers in India, first among the PSCs and held the 27th position overall in the list of the ‘Top 50 Best Companies to Work For’ in India in 2017.

More than 5 decades old, state-owned Indian Oil Corporation Limited (IOCL) is the biggest oil guzzler in the nation, processing approximately 1.31 million barrels of crude oil per day. Functioning under the Government of India’s umbrella, the refinery major is headquartered in New Delhi, India. Mr. Sanjiv Singh is currently leading a dedicated workforce of 35000 employees, as the Chairman. IOCL has a global footprint which spans across India, Sri Lanka, Middle East, and Mauritius.

Investment in Employees

A firm which accounts for practically half of India’s petroleum products market share, IOCL knows that it is not possible without a team that believes in the idea that drives the organization. And that is why, IOCL values its employees and likewise ensures that they work in a culture that is both friendly and welcoming, yet produces enough challenges for individuals to explore their creativity. The firm believes that an individual can do a lot, but a team can bring much more on the table. Hence, it recruits some of the most bright and professionally qualified people for its executive cadre. IOCL take in the individual performance and input to the common goal as a basis to provide career growth opportunities. Indian Oil’s top executives come from within the IOCL framework. The company has an outstanding track record in maintaining good industrial relations with other organizations.

Keeping Employees Happy!

How to keep its employees happy is a lesson to be learned from IOCL. Understanding the needs of its employees is something the firm has become skilled at. IOCL supports the hard-working employees with facilities of their kind, apart from all the health and welfare measures. The medical facilities extended are at par with the best in the country, which happens through fully equipped hospitals at refinery townships. The firm has also partnered with nominated hospitals at various locations to aid its employees. Employees and their families also vacation at exquisite places at select locations throughout the country.

IOCL was ranked no 1 in India for the 2016 Fortune 500 list. All this is possible only by a company that is ready to excel, a management that strategizes properly, giving importance to its employees and by a workforce as passionate about the firm as it gets. Needless to say, the kind of work environment that is present in IOCL impacts a lot on where the firm is actually going.

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