Job satisfaction at the Indian Oil Corporation Limiteds refineries division
Summary :
Table of Contents
- Introduction
- Indian Oil Corporation Ltd's profile
- Group of companies
- Major achievements
- The human resource department
- Objectives, functions and responsibilities
- Literature review on job satisfaction
- Dual-factor theory by Frederick Herzberg
- Hierarchy of needs by Abraham Maslow
- The need for achievement by David McClelland
- The need for affiliation and the need for power
- Expectanc theory of motivation by Victor Vroom
- Applying theory
- Research methodology
- Survey results
- Conclusion and suggestions
- References
- Questionnaire
Abstract
indian oil corporation Ltd. (indian oil) was formed in 1964 through the merger of indian oil Company Ltd. (Estd. 1959) and indian refineries Ltd. (Estd. 1958). It is currently India's largest company by sales with a turnover of Rs. 1, 83,204 crore (US $ 41 billion) and profits of Rs. 4,915 crore (US $ 1.10 billion) for fiscal 2005. indian oil is also the highest ranked indian company in the prestigious Fortune 'Global 500' listing, having moved up 17 places to the153rd position this year based on fiscal 2005 performance. It is also the 21st largest petroleum company in the world and the # 1 petroleum trading company among the National oil Companies in the Asia-Pacific region. indian oil and its subsidiaries account for 47% of the petroleum products market share among public sector oil companies, 43.5% of the national refining capacity and 74% of the petroleum products pipeline capacity. For the year 2005-06, the indian oil group sold 54.6 million tonnes of petroleum products, including 2.09 million tonnes through exports. The indian oil Group of companies owns and operates 10 of India's 18 refineries with a combined refining capacity of 60.20 million tonnes per annum (1.2 million barrels per day). These include two refineries of subsidiary Chennai Petroleum corporation Ltd. (CPCL) and one of Bongaigaon Refinery and Petrochemicals limited (BRPL).
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