Human Resource Practices of Oriental Oil Company Limited

Abstract

Oriental Oil Company Limited is a franchise and exclusive lubricant manufacturer of Hindustan petroleum corporate limited of India, a Government-owned Integrated Oil Company. The Human Resource Management is the most important part of the organization. Oriental oil company Ltd. takes its employee as human capital. My objective of the study is to discuss the Human Resource Management practices and Functions of Oriental oil Company Limited. Oriental Oil Company Limited is in Mobil oil Company Business and here I focus on how the organization followed Human Resource Management practices and Human Resource Management Functions appropriately in their organization, and to discuss the Human Resource Management Practices and functions, Training and Development, Recruitment and selection process, Performance Appraisal. Furthermore, I am interested to know about the Gratuity and provident fund system because these two parts are important for the organization, to know about the organization's Benefits policy and their succession management planning, HR planning budget system and other Allowances strategies. Oriental Oil Company is a leading company in Bangladesh with an international historical past. It is one of the best Mobil companies in Bangladesh. Human Resource Management systems and human resource management planning of Oriental Oil Company are the processes of getting right and qualified number of competent people into the right job, another way; HR planning is the way of matching the supply of people internally and externally with the openings the company’s expectations to have within a given time frame. The quality of the applicant and his or her expertise are studied and then placed keeping in mind how Oriental Oil Company will be successful in achieving their vision, objective and goals.