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Home Human Resources Towards Employee Delight

Towards Employee DelightThe welfare of Our employees is the key theme in our organization. The benefits we

offer them are on par with the best available.Salary Grades:During the training period, t rainees are entitled to a consolidated st ipend of Rs.33,000/-

per month.Various Salary levels in Management cadre are:Click here for the Salary levels in Management cadre .VDA (Variable Dearness Allowance), HRA (House Rent Allowance), CCA (City

Compensatory Allowance) etc. and other perquisites as applicable to particular grade

are also provided.Perquisites:We have a comprehensive medical insurance program that covers the whole array of

medical expenses for yourself, spouse and dependent children only, as per the

applicable policy from time to time. Your growth in the company will be complemented

by your own self-development. Our educational refund plan offers you the support in

pursuing the course of your interest. Our study leave policy also includes a time-off to

pursue higher studies related to your profession. Our responsibility towards employees

doesnt stop at compensation alone. Corporation also provides housing and vehicle

loans at prescribed interest rate that will help in securing your familys future.

Our other benefits include furniture and computer advance, home lease facility,

accommodation at a very minimal charge depending upon availability and a host of

allowances and insurance schemes to make your stay in our company comfortable. All

these in addition to a host of deferred benefits like provident fund, gratuity and retiral

benefits.Detailed break up of CTC at entry level i.e. 10A is given below. The industrial DA is

revised every quarter which results in revision in CTC on quarterly basis.

COST TO COMPANY - SALARY GRADE 'A'

DESCRIPTION BASIS GR 'A'

Basic Minimum of each grade 2,98,800.00

D.A.(April-June 13) (Subject to change everyquarter)

74.9% of basic 2,23,801.00

Basic + DA 5,22,601.00

HRA* (Depends on class of city) 89,640.00

Perquisites (Allowance & Benefits including Medicalbenefits)

50% of Basic 1,49,400.00

Contribution towards retiral benefit (includes PF,Gratuity and deffered superannuation benefits)

30% of Basic+DA 1,56,780.00

Total 9,18,421.00

* 30% for X class Cities, 20% for Y class Cities & 10% for Z class Cities.

Performance Related Pay (PRP) is also payable. It depends on HPCL's PBT and other performanceparameters.

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