Public Sector being a Guarantor of Job Security is a Myth

Public sector companies are basically Government enterprises that are created by Govt to operate independently with a motive of self-reliance, profit generation and job creation. They are not purely government departments even though national engorgement or state government may have control over their performances. But the creation of jobs is not controlled by the government and PSU has to take a call of its own. People try to enter PSU for security and comfort. But getting a job in PSU is very tough as compared to Private Sector. With the concept of globalization and liberalization, private sector contributions is much more than PSU for the growth of the economy, and as such much more jobs are created as compared to PSU. Earlier PSU were having hardly any competition. But post 1991, PSU is facing stiff competition against the Private Sectors, and sustainability through performance and profit making become more important. Therefore we can not say that PSU are meant for job creation. It is only a myth to think so as many PSUs have been closed down prematurely due to poor performance.

I am an MBA grad with more than 2 years of work experience. I have never ever thought of preparing for govt job because I was more inclined to work in a corporate culture which I always cherished for but watched my dad and uncles working in govt sector and having a good life. My uncle worked in iocl, had all sorts of comports to lead a happy and perfect life. After my MBA, I joined a financial sector company where my job profile was a sales job. I was excited with my first work-life but slowly as the days passed I then started to realise the abusing words from managers everywhere especially when you are not able to achieve your monthly targets. I would like to highlight here whosoever had worked in a sales job especially in the financial sector he or she would better be able to relate to this. I started to realise that all my colleagues there are all graduates and hardly any weightage is given to your education or marks all depends how much you can burn your ass from your boss. Humiliating is the core in sales job but there, in contrast, there are jobs in the private sector which scores higher than other and that is when you scale up to a good post and here you look the team or it's not directly related to sales targets pressure. That made me prepare for the govt job. In fact, some govt jobs like RBI, SEBI and UPSC are top-notch and they are much ahead in terms of these sales jobs in terms of power, self-respect and work culture.

In my view, working in private job is not bad only if you are not working in a sales-related job in financial sectors especially.

PSU employees are recruited under FRSR. There jobs are 100% secrure. If PSU get privatised they even get VSR Apportunity.

Hello guys!

I read many of your comments here some have answered rightly while some seem little less known regarding the topic, don't get confused with public-private and government, all these three terms are totally different, and most of the people saying public sector jobs are government, no. It's not like that.

Public sectors are just government-owned entities means the government owns minimum 51% shares on them, and rest of the shares are owned by some private bodies. Also, the government doesn't pay a salary to PSU employees. PSU company themselves has to pay remuneration to his staff. In case the PSU company is running down or in a loss, the government may disinvest it or shutdown it anytime. So thinking that getting a job in PSU is a secured job is a big myth. Earlier we have seen the closure of many renowned PSU's and likely to see some more in future, so point to be noted here PSU as a JOb guarantee is a myth indeed.

In my point of view, firstly both the jobs are good according to its needs because private sector are not secures for employees because it is survive our business & in public sector this is secure and safe for all employees. But, the public sector first motive is social welfare after profit motive so that employees benefit to work in public jobs his jobs is secure, safety, and necessary benefits are an available i.e. Medical facility, education, pension, gratuity, etc. & It is not Pvt. Sector before. Nowadays in Pvt. Sector also this benefits are available like, pension, medical, education, EPF, etc & for future benefit also. I agree the Pvt. Sector is not safe in this anytime anyone can fire. Anyone need to improve our business so if any person cannot hard work and develop our skills so he fire her business, co under Pvt. Sector skills, communication, hard with smart work is increasing but it is public also vice-versa. But in public sector employees are little relaxed compare to Pvt. Sector. Nowadays, both are same and good and improve our economy.

Therefore, the public sector being a guarantor of job security is myth or not but it is trust.

In my point of view, firstly both the jobs are good according to its needs because private sector are not secured for employees because it survives our business & in public sector, this is secure and safe for all employees. But, the public sector first motive is social welfare after profit motive so that employees benefit to work in public jobs his jobs is secure, safe, and necessary benefits are available i.e Medical facility, education, pension, gratuity, etc. & It is not Pvt. Sector before. Nowadays in Pvt. The sector also these benefits are available like, pension, medical, education, EPF, etc & for future benefit also. I agree with the Pvt. The sector is not safe in this anytime anyone can fire. Anyone need to improve our business so if any person cannot hard work and develop our skills so he fire her business, co. Under Pvt. Sector skills, communication, hard with smart work is increasing but it is public also vice-versa. But in public sector employees are little-relaxed compare to Pvt. Sector. Nowadays both are same and good and improve our economy.

Therefore, the public sector being a guarantor of job security is myth or not but it is trust.

Hi, friends, my name is Anirban Chakraborty and today I would like to say something about Public Sector job. Public Sector job means government jobs or government Sectors such as Banks, Rails and SSC jobs. So in these areas, our life will be secure and we can able to survive easily such as financially. To get a job in Public Sectors it is not at all easy rather it is difficult and for we have clear government exams and it is not a dream but we have to put some effort from our side. In Private Sectors such as IT industries our life will be frustrate and not at all secure means hire and one day fire so financially it will not be suitable. In Public Sectors our job will be secure because ones you are a government employee means no will ask you what job you are doing and you can earn a high salary for your survival and it will not give a great impact in your financial life. Pensions will be there after retirement so it will be a great decision to opt Public Sectors.

Yes, Job security of Public sector is Myth. Public sector Job is secured till PSU earns profits to the government. Even though main motive behind PSU's is to create job opportunities in India. If any PSU making losses year by year then Government may privatize that PSU as it happened with HMT and some other.

Hi Guys,

Let me explain first about "Public Sector" so that I can say something because before taking clear picture it would be difficult to say anything.

The public sector is the part of the economy concerned with providing various governmental services. The public sector includes such services as the military, police, infrastructure (public roads, bridges, tunnels, water supply, sewers, electrical grids, telecommunications, etc, public transit, public education, along with healthcare and those working for the government itself, such as elected officials.

So with the help of this clear picture, we can say that "Public Sector" being a Guarantor of Job Security is not a "Myth" but "trust".

It is fact that there is a lot of hard work for getting a job but we get a level job after doing a hard work I mean hard work is nothing but doing polish ourselves for the society so that we can get the people better at the workplace.

I stand to the myth of the topic. Public sector gives job security on the other hand Private jobs are not secured.

Points raised in above discussion are that public sector is full of politics and in private a person can show their skill. Well since I have been part of both these sector, politics is a virus which is present everywhere be it PSU/PSB/Private sectors.

It all depends on how you maintain your position, one has to maintain cordial environment, in other words use your "Skills -Intelligently and Efficiently', and then see great things starts coming to you.

Public sector is serving your nation proudly.

Private sector is part of business. Both jobs are goods.