Valero Energy Corporation is a Fortune 500 company based in San Antonio, with approximately 22,000 employees and expected annual revenue of more than $75 billion. The company owns and operates 18 refineries throughout the United States, Canada and the Caribbean with a combined throughput capacity of approximately 3.3 million barrels per day, making it the largest refiner in North America. Valero is also one of the nation's largest retail operators with approximately 5,000 retail and branded wholesale outlets in the United States, Canada and the Caribbean under various brand names including Valero, Diamond Shamrock, Shamrock, Ultramar, and Beacon. Valero is the only San Antonio company, the only energy company and one of only nine Texas-based businesses represented on FORTUNE's list. The company has made the list every year it has been eligible since debuting at No. 93 in 2000.
The organisational structure in any business is important. To survive, all organisations have to be able to accomplish tasks and this requires carrying out certain duties. Structure splits the tasks of the whole organisation into smaller and more practical chunks, and allocates them to sections of the organisation that are held responsible for its completion. It also ensures that all the different sections are coordinated and controlled in a way, which it has to achieve something. Valero treat its employees as their biggest assets and takes their utmost care. This largest oil refinery in North America makes its corporate jet available for employees with medical emergencies and covers 100% of health insurance premiums.
Valero Energy’s ability to grow from a small company to a global mega-corporation over a six-year period is a tremendous story. The transformation of its staffing organization to go from the basement to the boardroom is a “next practices” talent management study to be emulated by every company’s HR and staffing leaders. It