Salary and Benefits of ONGC Graduate Trainees in HR and Personnel Roles
Salary and Benefits of ONGC Graduate Trainees in HR and Personnel Roles
Oil and Natural Gas Corporation (ONGC) is a leading national oil and gas company in India, providing a wide range of career opportunities for graduates. One such role is that of the graduate trainee placed with the HR and personnel department. This article aims to provide an overview of the salary and benefits associated with this role as of the latest information in August 2023.
Typical Salary Range
As per the latest updates, the monthly salary for a graduate trainee at ONGC typically ranges between ?60,000 to ?80,000. This figure can vary based on specific role, location, and other factors. It is always advisable to check official recruitment announcements or recent employee reports for the most current and accurate salary information.
Pay Scale and Levels
The pay scale for a graduate trainee is ?24,900. The basic pay forms the primary component, with variations typically not substantial. Hence, the salary remains consistent whether the trainee is working as an HR, Finance Engineer, or any other role at the same level.
Notably, the gross income for a graduate trainee at ONGC is around ?12 lakhs per annum. This can be broken down as follows:
Basic Pay: ?24,900 per month HRA (House Rent Allowance): Usually not provided if colony accommodation is utilized, as discussed below Medical Benefit: Unlimited, provided the justification is valid. Tax Benefits: Various deductions and allowances.When excluding medical benefits, the take-home pay (in hand) is approximately ?8.5 lakhs per annum. The medical benefit is a significant perk, as it is unlimited, but it comes with conditions. For instance, if the employee opts for colony accommodation, they may not receive the HRA.
Key Benefits and Considerations
Alongside the salary, ONGC offers various key benefits to its graduate trainees:
HRA (House Rent Allowance): Typically, trainees can avoid HRA by choosing colony accommodation, thus enhancing their net income. Medical Benefits: Medically, trainees can enjoy comprehensive healthcare coverage, provided they justify their claims. Employee-Employer Savings: Every month, the combined savings of the employee and the employer amount to around ?25,000. These savings can be significant and are often used for various purposes, including additional housing support and personal finance management.Conclusion
In summary, being a graduate trainee in the HR and personnel department at ONGC offers a solid starting salary, with the potential for additional benefits such as medical coverage and colony accommodation. While the specific figures can vary, it is crucial for candidates to stay updated with the latest information from official sources to make informed decisions.