Compensation and benefits

Topics: Petroleum, Oil refinery, Diesel fuel Pages: 6 (1916 words) Published: March 5, 2014
Compensation and benefits

Assignment – 1



Kochi Refinery, a unit of Bharat Petroleum Corporation Limited (BPCL), embarked on its journey in 1966 with a capacity of 50,000 barrels per day. Formerly known as Cochin Refineries Limited and later renamed as Kochi Refineries Limited, the refinery was originally established as a joint venture in collaboration with Phillips Petroleum Corporation, USA. Kochi Refinery, located at Ambalmugal near the city of Kochi in Kerala, is one of the two Refineries of BPCL, presently having a crude oil refining capacity of 9.5 Million Metric Tonnes per Annum (MMTPA). The product portfolio of the 190,000 barrels per day refinery today includes petrochemical feedstock and specialty products in addition to its range of quality fuels. Fuel products of this fuel based refinery includes Liquefied Petroleum Gas, Naphtha, Motor Spirit, Kerosene, Aviation Turbine Fuel, High Speed Diesel, Fuel Oils and Asphalt. Specialty products for the domestic markets include Benzene, Toluene, Propylene, Special Boiling Point Spirit, Poly Iso Butane and Sulphur. The refinery has implemented world class technology and systems for operations and enterprise resource planning. It is an ISO 14001 Environmental Management Systems (EMS) and ISO 9001:2000 Quality Management System (QMS) accredited company and has also obtained the ISO 17025 (Testing Methods in Quality Control) certification from NABL (National Accreditation Board for testing & Calibration of Laboratories). The refinery has successfully implemented the Occupational Health and Safety Management System (OHSAS) 18001:2007 in the year 2009. The recent achievement of 24 million accident free man-hours stands testimony to the fact that the prime focus of Kochi Refinery is on safety in everything they do. From training to retraining, and adhering to international standards in safety practices, both, offsite and onsite, Kochi Refinery has taken it as a mission to make safe living and working a natural mantra of its employees, contract workers, customers and the general public.

Selection process

It is their continuous endeavour to effectively match an individual to a job, they carry out an in-depth study of the competencies required to succeed in the company. Their selection process for entry level mainly comprises of written test, group discussion and personal interviews. For senior positions this may differ as per the job specifications. Their focus in all these stages remains at understanding the correct level of competencies in an individual, while providing an opportunity to reflect them during the selection process

Welfare of weaker and other sections of the employees

The Company continued to bestow greater importance towards the welfare of the weaker sections amidst its employees. The Company devotes full focus on this area and took steps in accordance with the Government directives in regard to reservation in posts for SC/ST/OBC/Physically Handicapped/Ex-Servicemen. As at the end of the year under report, the Company had 244 Scheduled Castes, 52 Scheduled Tribes and 297 Other Backward Classes, out of the total staff strength of 1924 permanent employees. Out of these 1924 permanent employees, 272 were Ex-Servicemen, 40 Physically Handicapped and 617 from Minority Communities. The Company is complying with the provisions of the Disability Act, 1995.

Life at BPCL

For Bharat Petroleum, commitment of its employees is a critical resource. Fully realizing that only a satisfied employee will put his best foot forward with the customers, Bharat Petroleum has taken many steps to make the organization a ‘Great Place to Work’. Bharat Petroleum fosters effective value-based HR processes for development of people and their organizational capabilities with a view to provide them with a competitive edge and also to realize their personal vision in...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Compensation and Benefits project Essay
  • Essay about Assignment 1: Compensation and Benefits
  • Compensation and Benefits Essay
  • Compensation Essay
  • Compensation and benefits Essay
  • Compensation and Benefits Essay
  • Compensation and Benefits Essay
  • Compensation and Benefits Essay

Become a StudyMode Member

Sign Up - It's Free