Job satisfaction at the Indian Oil Corporation Limited’s refineries division

Type :

Term papers

Pages :

25 pages

Format :

.doc

Published date :

04/15/2009

Category :

Business & market

Sub category :

Management

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Summary :

Introduction
Indian Oil Corporation Ltd's profile
1. Group of companies
2. Major achievements
The human resource department
1. 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).