Public Sector being a Guarantor of Job Security is a Myth

@Ganesh.

You are right and I have worked in an MNC where my work involves routine 8 hr job and my PL used to tell that you may not have future if you don't learn other things (Those things which always keep changing like versions 1.0 2.0 3.0 blah blah). Basically I don't like coding and I used my software job as platform to prepare for other govt exams.

I got through it and joined in PSU bank where life is not so happy and I repented that I would have stayed in MNC and prepare for some other good govt job. Before joining in bank I knew that PSU bank is not a good option but some how I thought that I will clear some other exams by working in bank, but estimation is wrong and I never got enough time since I was posted to a rural area and daily I have to travel 2 hrs to reach my home town.

I would like to stress the same thing to you if you are comfortable in your current job and feel that there is no immediate risk in next 2 years, then prepare for a good GOVT job (Since not all GOVT jobs are good) this is all given if you don't have interest in coding or if you feel that software job is not your cup of tea, then seriously try for GOOD GOVT job. Now I'm preparing for SSC and RBI (Missed narrowly this time).

As per everyone's view, yeah it's true that if you work in private sector you will get promotions as per your potential. I am working in a MNC for the last one year, and I know the pain, if you are lucky and you get any kind manager, then you will enjoy a lot, but if you get a manager who is totally corrupted, he will ask you to sit and troubleshoot any issue, and after finishing off he will ask, "why you took so much time, it was very easy?". As if he knows everything.

So it completely depends on your luck sometimes and your patience and mind set.

I suggest that go for a public sector as no one will care what you are doing in office. Politics will be there but you can easily overcome then.

In private jobs you have to "struggle for existence", after getting a job, but in a public sector it is completely reverse. Before getting a government job only you have to work hard.

In public sector you will get peace, not like in a private sector.

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.

In my point of view, if a man has talent and hard working passion then he will choose Pvt. Jobs rather than government Jobs. Because govt. Jobs only gives you no.of holidays and will hide ones talent which he can explore in the private sector. But in terms of jobs security people often prefer govt. Jobs than the private sector.

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.

Hello friends.

I am not going to comment on which one is better because this completely depends on the person's thinking and what he/she wants in life.

I will just talk about whether there is job security in public sector or not.

Guys and girls, this is true that public sector gives the job security but friends, in today's time, it has become most difficult to get in public sector.

But ya, once you get in, no one can snatch your job. This is the only advantage of the public sector, and just because of this, people don't work properly. They don't come on work regularly, and if they come, they don't work. They show their laziness, and just because of them, our public has to suffer.

So, the conclusion is this that the there is job security in public sector which, according to me, is not a good thing for our country.

I am 33 and I have changed 3 Public sector Unit and 2 Department but they are all the same there is no planning. Either there will be no work and it becomes difficult to kill time and you don't feel like going to office or there will be too much work. All there non uniform work distribution.

Ya, but job security is there. They feed you free fund for months thinking that only we don't quit.

Public sector Unit and Private both are equally unsafe for women.

After working for say more than 5 years you are in no position technically to compete in the market.

Promotions in Public sector Unit are driven by favouritism.

It's interesting to read all the views about Public sector VS Private sector but I feel mixture can be quite good, work for initial time in Private sectors gain the required experience in short time, create cash reserves and as the family responsibilities grow move on to Public sector.

Although in the long run I think one must get self employed or some individual business rather than depending on company / Corporation model for sustainable growth.

Hello to everyone.

It was really good to read the inputs from all the people who have contributed to the discussion.

To give a an intro about myself. I am working in an Oil PSU company. Let me first differentiate between government companies/authorities and a PSU. A government Company/authority is an organisation fully owned by the government And is not listed in any stock exchanges (BSE, NSE etc. ). The objective is not profit making and is setup/run for mandatory requirements. The environment is or is perceived as relaxed with fixed work timings and guaranteed promotions. On the other hand.

A Public sector company is an organisation with a major share held by the government It has to follow the mandate's released by government But still have to demonstrate performance and profit. My working hours are 8 hours a day but still I have to work at least 10 hours almost everyday (I am working in general shift). There is a proper performance management system for you with targets set for the financial year and marks allotted for every task set for you. There are goals set for you individually, you department and also for your business unit and quarterly reviews are taken.

I should say work is really tough and sometimes I have to work for few hours even on Sundays. The work cannot stop because the delivery of work is continuous and you would be always pointed at for not completing/delivering performance. Being lazy will not take away your job but will also stagnate your career advancement and may also result in being posted at some remote location or a difficult work profile. I have seen my brother working in an MNC and let me tell you the work is not THAT bad. Yes. Different companies may have different work environments.

Ironically, I am still hung up to this job inspite of being frustrated because the Salary is really very good. After the implementation of 6th pay commision, the salaries are high and all the benefits have also being consolidated into an accountable Package. A very clear CTC can be calculated and when I compare it with other companies and my friends working in Private organisations.

I really feel like keep going. To conclude. PSU will pay you well initially with hard and Smart work but in the later stage of your career, the salary hike is low but job security and Work-Life balance is better which becomes more important for many people at that point of time. Whereas, if you have a die hard Passion and determination to work very hard for the next 20 years and become the CEO earning Crores in compensation. Go for an MNC.

Life is not just earning technical skills and money. As there is a job security in public sector, you will a have a peace of mind. You will have time to spend with parents, maintain good relations, write poems, make fun, paintings and many more. Working in private sector is like satisfying the boss, but working in PSU gives you self satisfaction. If you find your happiness in earning skills and money. Then go for private. A person lazy at work may not be lazy at home. In order to rebuild our degrading culture, public sector is a good platform.