Public Sector being a Guarantor of Job Security is a Myth

In terms of work quality private sector wins mostly, with public sector this is not the case often due to job security. The private sector jobs have become hire and fire jobs in recent days and rules are becoming harsh day by day due to talent influx. The private jobs, even IT jobs salaries have got saturated and are no more attractive than a good PSU. In present India, large proportion of jobs are private. The private companies and even MNCs have started paying less salaries exploiting employees even if they had earned high profits. This will make Indian rupee shrink like anything in near future. Largely, the Indian rupee depends on how much a person earns, the kind of work quality he produces and how much he spends. If MNCs kept on paying low salaries people become conservative in nature, spending less and a lot of deficit budget causing to a low rupee value. For a better India, work quality should be good and the employees also need to be paid well something like PSU's.

Government shouldn't give any more job security in govt or public sector companies, they definitely have to fire 5% of its employees every year, this makes the employees to work hard increasing quality, running the companies in huge profits and creating more number of jobs year by year. This way a PSU or govt company would earn more profits in turn creating more number of jobs, people will start moving from pvt sector to public sector. Here no employee gets job security, they have to earn job security through performance but they will be under the hood of government like good salary, work life balance and strict working hours. The rupee too will rise because most people will be working for the government with hard working style and people will spend even more, this makes rupee rise like anything.

Thank you all for wonderful answers.

Well, in my opinion, choosing a job between govt and private is really as tough as solving a high-level puzzle. Both have their pros and cons, for a hard worker and intelligent Pvt jobs are good, but the question rises, do he really get an opportunity to explore his ideas in highly fixed environment and apply his professional skill for real time situations. Does he get any ideas in stress environment except waiting for holidays and salaries? Moreover, its only the MBA's, top executives who are hired from well recruitment procedure (From IIT's And IIM's) and top level based on experience and track record can reach high not all the employees. Remaining all the employees are technical labor's and manager working for someone and filling their pockets. There is a famous say by "Sir Abdul kalam" Love your job not your Company. Well, suits for Pvt organisation.

PSU has some better situations compared to Pvt jobs, but again there is a less scope to enter into it only a few get over it.

And finally, Public sector there are more advantages as specified above. But the higher levels like Head of departments, In charges, district collectors etc are loaded with some responsibilities which they even have to work for some days and lots of stress for higher heads at sometimes managing all the state affairs.

Ours is a small life which last's for not more than 40 years of work, at starting we work enthusiastically and energy, as time starts and getting old and old everything family money relations, children, caretaker even matters.

Even a person who earns crores and crores of rupees has to retire at a certain age and seek for peace.

And again our next generation will lead and follow.

Hi friends.

As very interesting discussion is going on, so couldn't stop myself posting some comments. Please do not compare public and pvt. Sectors, both the sectors are equally working for integrity and development of country. I am working in a Oil marketing company and life misery here is not less than a pvt MNC. We also have targets quarterly as well as yearly and these all targets are related to our PMS. And please break the myth that being in a PSU you can sit answer relax, I am sharing you my job timing. It starts sharp at 9 AM and can extends to 7PM, 8PM or even 9, 10.

Moreover if you doing comparison of salaries, yes, PSUs pays fatter packages in beginning, but it has steady growth 3% fixed per year and as far as DA is concerned it merely matters because it depends upon inflation. But look at the scenario after 15-20 years, pvt MNC guys will be much ahead of me.

Its your wish to choose private or public sector, nobody is bound. If somebody has talent he can enter any sector at any phase of life.

Dont feel jealous of PSU or govt sector employees, they have gained it. If working on some softwares/ typing at 80wpm/ speaking fluent English is so called 'skills' in private companies, then make a second thought dude. PSU officers are far more intelligent and TOP RATED talent of country, more tech savvy.

And yes we even at PSU work at Sundays and public holidays. In last six months I have not taken a single CL/PL or any other form of leave and I am working 1000 miles away from my home. Do you have such courage?

If yes, then plan to appear in GATE, then fight with 2 million candidates and you are welcome in this elite group to enjoy this so called LUXURY.

Dear fellow citizens of incredible India.

Already, I commented my opinion in a harsh way in the previous post which may furious for employees of the public sector who doesn't have work ethics. Diligence and devotion in their respective assignments as well as the company.

Further, I would like to say little about public sector companies. The so-called public sector companies were founded by the government through five-year plan with government fund and loan from developed countries. Some companies were born in pre-independence and some companies were in post-independence to generate industrial employment as well as the industrial development of India. In the early stage employees' ethics. Devotion to the nation was in high spirit and companies were doing well. Over a change of generation, the attitude of employees attributed to companies has become unproductivity and loss. Many factors may influence to change their attitude like job security even you don't work, unethical recruitment (caste, political and local influence) without considering the qualifications and talents. These companies were percieved to make India fast development turned the nation into debt. Due to vast corruption and mismanagement some have been either closed or sold to private some policies of government also attributed to this. Now only a few public sectors are doing moderate business and surviving till now because of their dependency on government. But no guarantee how long they survive in this globalization business. In competitive in technologies. Good human resource and political influences may cause to early close of companies.

I conclude public sector jobs are myth in future.

Hi Friends,

Basically we all get confused whether we should go for public sector or private sector job. No one even thinks about their caliber, skills, interest etc. Etc. Marathon race is going on. First we must think about our self that what want to be in life or what we expect from our life. Now a days, we can't get easy job in public sector also because they also choose people who have the ability, creativity, education, knowledge and skills. If we have our vision than no one can stop you to get what you want. Both sectors require hard work with smart work also. It's not about security. It's about our personal growth also. How we manage the things in our profession life affect our personal life also.

A person who want to improve his or her lifestyle, want to grow up in personal life also. He or she will do, will be successful no matters whether he/she is in public or private sector. But the thing is do not follow people opinions or what they think about these sectors. Go with your interest and willpower. I can bet you will be successful person both in your personal and professional life also. Just forget about job security. If you are not working properly in public sector also they would not entertain you more. It's up to our mentality that public sector job is chilling job. No never, a failure person who does not want to learn anything new, no interest can't get success in his/her life. Mind it.

Conclusion: do not follow blindly anybody or peoples opinions. Think what you wanna do in your life. What matters you most. Last but not least. Try to identify yourself and try to know your strength, skills.

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.

No. "Public sector is a Guarantor of Job" is not a myth, but not 100% true as well. May be 90% secure.

Now-a-days Public sector companies like SAIL, NTPC, SBI, UPSC, SSC or any other Government jobs are not anymore for lazy people. Someone need to work hard and even need to perform well in the organization, if he/she got the job. And if he/she can't perform as per the expectations, the higher officials arrange his/her transfer to some unknown place and even sometimes suspend him/her.

And, whatever, most of the growth & development of any country come from PVT sectors, not from public sectors. But, that doesn't mean that government organizations are anyway behind any pvt. Org. Just take the example of NASA.

Also, I am not agree with the people saying that, government People are lazy and they do very less work. Just visit any SBI and look how much work they do. They shut down all the transactions for public at 5 pm, but they continue to work till late, or else fine gets imposed on them. All the PSUs are now paying as per performance. So, there is a heavy stress also on Public sector workers.

I do work on the Regional Transport Office as a Clerk. And it does have too much workload. We do work till 8 pm in night (at least) , sometimes more than 8 pm. The RTO officer also sometimes scold us, just because he gets into tension by the workload.

By the way, we get almost all the government Holidays and Sundays, which are good.

I agree with that, no officer or boss can stop the monthly salary unlike a Pvt. Org wherein the boss control everything.

Its interesting to see the all the comments. Frankly its a never ending debate "Private sector vs public sector: which is best". Both has its pros and cons. But Overall one can conclude post 2008 that life in public sector is better then private sector in long run. Why? Life is a marathon and not a sprint or jump. So one needs to look his career future for a span of 33 years atleast till age of 60 (especially for middle class families).

A Government employee can be sure from the date of joining that his job is secured till age of 60. But private sector works on "perform or perish" (this 3 words are very difficult and dangerous in private company trust me). Its very difficult for someone to achieve every goal (many times unrealistic) set by his company throughout a period of 33 years of job life. Although there are some good private companies who provide good job culture and also job security, but very few in number.

Most private sector employees in India is from IT. Trust me in IT at any moment, the world can turn upside down for you any moment. I have been working in IT for past 6 years and know the difficulties faced everyday. No stability!. You can go abroad in IT, but even with a slight hit of economic downturn, you can loose your job.

So IT will provide you good fortune including onsite in the beginning of your career (say for 10-12 years) but as you grow old, your job becomes less secured everyday as your employer will try to replace you by someone younger albeit cheaper.

I work as clerk in PSU bank and I guess my life is so much easier than officers at bank as I work from ten to five. Promotions are there depending on degree and clearance of internal exams. It is comparatively easier. My fiance works in private sector in night shift in finance stream and doesn't get time to take care of himself. My sister is in I.T and hardly gets to take breaks if the work is heavy and critical. And yet private sector guys can pursue certain passion and set up a small business of their own.

In public sector you get a little quality time but obviously not in certain PSU's where we have to work for 10 to 12 hours. Even if you want to earn some extra income, you can't do that in PSU. Challenges are very less in PSU and it is monotonous sometimes. Every job has its own difficulty. And life is sometimes not fair. Opinions differ. My sister does not prefer government job even if it seems easy because she is a risk taker and loves challenges. I regret working in bank sometimes as I am not a people oriented person.

I would rather work behind the scenes than dealing with bad mouthed customers. Very soon government sectors might have to compete with private sectors. Trend is always changing. PSU might have to change job rules to be on par with private sectors. This might happen in the future. No job is a rosy job! I think one should live and save and create buffers in times of unknown difficulties that might hit any time in thus changing trends of our times!

After reading much of what others have posted, it is very clear that most of the people here are either students with no real world experience or those who have never got the opportunity to work in a proper PSU.

Let me share my experience as I have worked in both prestigious government & Pvt. Organisations.

1. Private sector companies push people to their limits and often exploit those who do work hard with often limited returns. You'll not find that in PSU's.

2. Private sectors train their employees in their particular field and restrict them to it. PSU's don't. You have a freedom to choose what you learn and where you wish to excel.

3. There is a vast difference in the talent pool that exists in PSU's compared to pvt companies. Nowadays literally everyone works in IT companies yet most of them lack fundamental concepts and understanding of what they are doing. This is not the case in PSU's. You HAVE to know the details and basics for even doing your daily work.

4. Pvt. Companies hire more people than required and subsequently pay less. It is not true for PSU's where every individual is assigned vast majority of work and responsibilities. You become a better manager and a far more disciplined person.

The list is endless. However there is no clear winner. You should choose what suits you best.