Indian Optel Limited (IOL) Recruitment 2024

Indian Optel Limited (IOL), a distinguished public sector enterprise under the administrative jurisdiction of the Department of Defence Production, Mi

Indian Optel Limited Recruitment 2024

Indian Optel Limited (IOL), a distinguished public sector enterprise under the administrative jurisdiction of the Department of Defence Production, Ministry of Defence, has recently announced recruitment for the position of Director (Human Resources). This comprehensive blog post will cover all essential aspects of the recruitment process, job description, eligibility criteria, and how to apply.

Company Profile

Indian Optel Limited (IOL), incorporated under the Companies Act, 2013, is a schedule 'B' Central Public Sector Enterprise (CPSE). With its registered office located at OFILDD Campus, Raipur, Dehradun-248008, IOL operates through three production units:

• Ordnance Factory Chandigarh
• Ordnance Factory Dehradun
• Opto-Electronics Factory Dehradun

The company specializes in the manufacturing of various optical and electronic devices, including sights, optical devices, components for night vision devices, laser sighting devices, wires, cable assemblies, and rifle scopes. As of March 31, 2024, IOL has a workforce of 2,549 employees and boasts an authorized and paid-up share capital of Rs. 6,500 crore and Rs. 5,905.61 crore respectively.

Job Description and Responsibilities

The position of Director (Human Resources) is a prestigious role, integral to the Board of Directors, and directly reports to the Chairman and Managing Director. The responsibilities encompass:

• HR planning and resource organization
• Development and implementation of HR policies
• Performance management
• Compensation management
• Succession planning and talent management
• HR development and training
• Capability building
• Employee services
• Industrial relations
• Corporate Social Responsibility (CSR)
• Security and legal functions

Eligibility Criteria

Age Criteria

• Age of Superannuation: 60 years
• Internal Candidates: Minimum age 40 years with at least 2 years of residual service as on the date of vacancy.
• External Candidates: Minimum age 40 years with at least 3 years of residual service as on the date of vacancy.

Employment Status

Candidates must be employed in a regular capacity and not on a contractual/ad-hoc basis in one of the following:

• Central Public Sector Enterprise (CPSE)
• Central Government including Armed Forces and All India Services
• Public Sector Banks/Financial Institutions/Autonomous Bodies
• State Public Sector Enterprise (SPSE) with an annual turnover of Rs. 750 crore or more
• Private Sector companies with an annual turnover of Rs. 750 crore or more

Qualifications

• Graduate with a good academic record from a recognized university/institute
• Desirable: Post Graduate Diploma or Degree in Personnel Management/Human Resources Management or MBA/PGDM/PGPM from a recognized university/institute

Experience

• At least five years of cumulative experience/exposure in HR/Personnel Management/Industrial Relations in the last ten years in a reputable organization

Pay Scale

• Central Public Sector Enterprises: Rs. 6250-7475 (IDA) Pre 01/01/1992 to Rs. 14300-18300 (CDA) Pre-Revised
• Group 'A' officers of the Central Government: Director level or equivalent scale
• Public Sector Banks/Financial Institutions: Board level or one level below Board level for one year
• Armed Forces: Brigadier level or equivalent
• State Public Sector Enterprises/Private Sector: Board level or one level below Board level

Central Public Sector Enterprises:

• Rs. 6250-7475 (IDA) Pre 01/01/1992
• Rs. 8520-10050 (IDA) Post 01/01/1992
• Rs. 18500-23900 (IDA) Post 01/01/1997
• Rs. 43200-66000 (IDA) Post 01/01/2007
• Rs. 100000-260000 (IDA) Post 01/01/2017
• Rs. 14300-18300 (CDA) Pre-Revised
• Rs. 37400-67000 + GP 8700 (CDA)
• Rs. 123100-215900 (Level 13) CDA

Application Process

Submission of Applications

Applicants must submit their applications online as per the format. Applications through proper channels are mandatory for:

• Group 'A' Central Government Officers and Armed Forces through Cadre Controlling Authority
• Public Sector Banks/Financial Institutions through Administrative Ministry/Department
• CMDs/MDs/Functional Directors in CPSE through the concerned Administrative Ministry
• Below Board level in CPSE through the concerned CPSE
• CMDs/MDs/Functional Directors in State PSE through the concerned Administrative Secretary and Cadre Controlling Authority of the State Government
• Below Board level in SPSE through the concerned SPSE
• Private Sector directly to the PESB

Required Documents for Private Sector Applicants

• Annual Reports of the company for the last three financial years
• Documentary proof of the company being listed (if applicable)
• Evidence of working at Board level or one level below
• Self-attested copies of age and qualifications
• Details of relevant jobs handled in the past

Important Dates

• Last date for submission of applications by applicants: 03:00 PM on July 22, 2024
• Last date for nodal officers to forward applications to PESB: 03:00 PM on July 31, 2024

Applications Address

Applications are to be addressed to 

Secretary, Public Enterprises Selection Board, Public Enterprises Bhawan, BlockNo. 14, CGO Complex, Lodhi Road, New Delhi-110003. ALL CORRESPONDENCE WITH THE PUBLIC ENTERPRISES SELECTION BOARD SHOULD BE ADDRESSED TO SECRETARY, PUBLIC ENTERPRISES SELECTION BOARD ONLY

• Indian Optel Limited Official Website Link
• Indian Optel Limited Official Notification Link 

Conclusion

Indian Optel Limited offers an excellent opportunity for qualified and experienced professionals to join its leadership team as the Director (Human Resources). With a commitment to innovation and excellence in the defense production sector, IOL seeks candidates who can contribute to its growth and uphold its standards of operational efficiency and organizational development.

For more details and to apply, visit the Public Enterprises Selection Board (PESB) website at PESB.

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This blog post provides a detailed overview of the Indian Optel Limited Recruitment 2024, highlighting the key aspects of the job, eligibility criteria, and application process. For aspiring candidates, this is a golden opportunity to advance their careers in a prestigious public sector enterprise.