HPCL Engineer Salary 2022: In Hand Salary, Per Annum, Job Profile

HPCL Engineer Salary 2022 – Salary Structure, Perks and Allowances & Promotion

Here we have come up with an article completely with HPCL Engineer Salary and its components. Candidates who are all going to prepare for the HPCL Engineer jobs must have to go through this article once and know all the details.

Govt Jobs Updates

Hindustan Petroleum Corporation, a Maharatna company one of the biggest corporations in India. The HPCL has released the recruitment notification every year for the post of E2 Engineers under various disciplines. The most important recruitment among the aspirants who want to set their career in Public Sector Undertaking. Candidates who completed the B.E/B.Tech in a relevant discipline is the eligible one to apply. The HPCL Careers will conduct the selection process based on the written exam, group task, and interview. The HPCL recruitment will be done throughout India. So candidates have to perform well in the selection process to get into the provisional allotment.

Before applying for the recruitment exam, candidates must have a thorough understanding of the HPCL Engineer Salary and its components. The salary information will induce your interest more about the job that makes you prepare well for the examination. That’s why here we have drafted this article which contains the details of HPCL Engineer Salary In Hand, Pay Scale, Salary Structure, Perks and Allowances, Salary Slip, Probation Period, Job Profile & Promotion. Passionate candidates kindly go through this article fully and get the updated information.

HPCL Engineer Salary 2022: Pay Scale

Candidates after getting into the provisional allotment will be placed as E2 grade Engineers. The HPCL Engineer Pay Scale 2022 is in the range between Rs. 50,000 to 1,60,000/-.

HPCL Engineer Salary In Hand:

After adding, allowance and deduction for pension benefits, taxes, etc, the HPCL Engineer Salary In Hand is Rs. 50,000/-. However, for the first six months, the Company will deduct Rs. 5,000/- as a Retention Amount, which will be returned upon Candidate Confirmation after one year. Apart from the incentives, the initial in-hand salary will be INR 45,000 per month.

HPCL Engineer Salary Per Annum:

The HPCL Engineer Salary is determined by the guidelines of the Seventh Pay Commission. The HPCL Engineer Salary Per Annum is under cost to the company (CTC) about 15.17 lakhs. CTC is for candidates posted in metro cities and may vary for other locations.

HPCL Engineer Salary Structure:

The HPCL Engineer Salary Structure is fixed following the 7th Pay Commission guidelines by the HPCL.

Salary Structure for HPCL Engineer Post

The HPCL Engineer Salary Structure consists of many components such as basic pay, various allowances, and deductions. Here we have given the list of basic components of the HPCL Engineer Salary Structure as per the official notification for your reference.

  • Basic Pay
  • Retirement Benefits
  • Dearness Allowance
  • House Rent Allowance
  • Cafeteria Allowance
  • Performance Related Pay (calculated at maximum)

HPCL Engineer Job Profile

HPCL is a Maharatna PSU in the Hydrocarbon sector of the country. The Job Profile for the HPCL Engineer will entail contributing to India’s energy future holistically by being a part of the HPCL’s journey.

  • The Selected Candidates may be posted to any SBU/ Division or Department of the Corporation at any place in the Country.
  • The Service is transferable, thus the Candidate may have to shift to new places as and when asked by the Company.
  • The Candidate may be posted at any subsidiary of HPCL within India or abroad.
  • The Candidates will be placed as per the requirements in a particular unit.
  • The Candidates may have to work in shift duties

HPCL Engineer Job Post Perks and Additional Benefits

Along with HPCL Engineer Salary, the candidates can enjoy several perks and benefits offered by the government. Apart from the allowances listed in the above salary structure Some of the other HPCL Engineer Perks and Allowances are 

  • Company Leased Accommodation
  • Reimbursement of monthly conveyance expenditure
  • Mobile Facility Reimbursement
  • Cloth Allowance
  • Laptop Facility
  • Leave Encashment
  • Provident Fund(PF)
  • Gratuity
  • Group Insurance
  • Group Personal Accident Insurance, etc.

HPCL Engineer Probation Period

From the date of joining, the selected officers will be on probation for one year. The officer will be considered for confirmation after completing the Probation period, as per company policy.

Amount of Retention: For the first six months of the probation period, a sum of Rs. 5000/- will be taken from the total emoluments as a retention payment. Only after the officers’ confirmation will the money be returned to them. If the employee quits the Corporation or is terminated before the confirmation, the retention amount will be forfeited.

HPCL Engineer Career Growth and Promotion

The promotion policy is based on the following guiding principles:-

1. Performance

2. Experience

3. Vacancy

  • The promotions of engineers are governed by the promotion policy as applicable to the grade to which the officers belong.
  • The officer has to complete a minimum of 3 years in a grade to be in the zone of consideration for the promotion.
  • Performance ratings are given each year on a scale of 1 to 5. The preceding three years
    ratings are taken into account for the promotion.
  • Promotion of the officers is based on merit cum seniority and subject to officer acquiring
    requisite cut-off marks for promotion.