Indian Oil Corporation Senior Vice President salaries in India

Likes

Excellent Compensation& benefits, Job security & work life balance.

Dislikes

Training opportunity is not proper because some people who are not required in urgent & hard works are nominated many times for training . There is no proper evaluation system in promotion with respect to performance & people who just please to top management get advantage .

Likes

Team mates,as you show,so shall you reap here,Best Training oppurtunity,Optimum career growth,Work Life balance is Bit unknown,Innovation pays,But Least BENEFITS to retired personnel.

Dislikes

Growth is slow although Compensation is high.Politics on transfer and other aspects is more than other Organisation ,i felt. Retirement benefits are Least among Organisations,You only feel rich till you work, not thereafter, since Top Politics with Govt. has played major role in diminishing the Retirement benefits ,whereas other PSUs pays minimum 40% of Last basic as Pension, IOCL does Not cater to this policy after it was announced as Navaratnas of India..

Likes

Good salary for freshers Great allowances for furniture, mobile and laptops Superb Medical benefits Job security is best in the industry Diverse working exposure in refineries Townships for employees

Dislikes

Remote/ Hardship working locations for refineries Poor work life balance for refineries Hard collar job Career growth is subject to satisfaction of bosses Heavy work loads in few large refineries

Likes

How satisfied are employees working at Indian Oil? 78% of Indian Oil employees would recommend working there to a friend based on Glassdoor reviews. Employees also rated Indian Oil 3.6 out of 5 for work life balance, 3.8 for culture and values and 3.7 for career

Dislikes

...ow talented and hard-working you are, promotions happen in fixed time intervals. Growth of compensation is limited to 3% annually (with an additional 3% in the year you get promoted).

Likes

...ork culture is not much stressed and employees can have a very comfortable life. The pay offered here is good and decent.

Dislikes

The pay discrimination. Since its a PSU, one of the biggest disadvantages is that you are not paid according to your Qualification and contribution rather it is much based on how long have you been in the company. The organization has been filled with enough examples where an IITian, CAs, MBA professionals who are much important to organization because of their skills are being paid less than an old age employees who might be just doing basic work like passing of medical invoices, being PAs to senior management, employee reimbursement review etc. They work does not contribute either to the growth or profitability of the organization however there CTC 3-4 times higher than that of Qualified personnel working in the same company. Further, very limited personnel from the top management are actually concerned about the health of the organization but mostly are just there to complete their tenure which makes the organization extremely slow and difficult for young professionals to work with full efficiency.