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).

You may put long leave to your PSU/PSC job and can work for your desired company in private sector for 2 to 5 years in India or out of India by taking prior permission and by following the norms of PSU/PSC's and after the leave you can rejoin in your services which doesn't costs you in the loss of Seniority among your colleagues except slight difference in the salaries.

If you start your career as a private employee, after getting dissatisfaction on it, it will be little hard to get the job in govt sector as you might have deviated from the core subject.

You should compete with people who are already taking coaching for PSU's and even with newly passed out candidates, who will be in lakhs.

You should satisfy with the starting salary in govt job which will be less than your present private job salary. The same job experience in govt might have offered you higher salary.

Think about your position at the age of 45 or 50. Can you really compete with the youngsters in private company which can no longer shows interest in you at that age?

Govt job has lot of offers and opportunities to benefit you and your family. You can take study leave even getting paid half of your salary.

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.

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.

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.

Hey guys,

I have both experiences. If you ask my suggestion, I feel private sector is far better than public sector. If you have a mind set up wherein you don't have any dreams regarding your career, just want to run your day to day life like how your forefathers led (Daily go to office, save major portion of your salary, keep it in bank deposits & finally after retirement leave the hard earned money to your children for their enjoyment) then Public sector is like a boon for you people.

At present am working in public sector company, in my previous employment I worked for an MNC. You know when I joined MNC I didn't know how to speak english, I didn't know what is professionalism, I didn't know what the current business environment is. I will tell u, don't go by comforts. If these public sectors gets privatized, then your life becomes miserable. I won't be in a position to work in a private company. Public sectors make you lazy, they will wipe out all your knowledge, they will make you to act like a Sarkari Babu.

There is no doubt that in comparison, public sector jobs are far better than private jobs in terms of facilities and schemes. Public sector jobs give some flexibility in life. Along with some relaxation period or leisure which is needed for a happy and contented life, provided we do perform our duty honestly and perfectly in this sector and do not fall under the evil shadows of corruption. My point of view is that people can prefer public sector jobs as their first choice, for which dedication and right approach towards its exam preparation should be carried out. But on the other hand, I am not totally eradicating the value of private sector jobs Those who want to sharpen their brainpower and utilize their skills and talents in any industry in a full fledged work environment, can go for private sector jobs, as they always want to keep themselves updated with the current scenario.

Based on your actual interests that can shape your career, the ultimate decision is yours. Please decide with utmost care.

Thank you.

Well said by every one. I really appreciate. Taking the reference from my friends I would like to contribute some more points regarding this topic. Of course there is a job security in govt sector. Should this job security be given to them after knowing the fact that people after getting a job in govt sector becomes Corrupted.

People do not do their job with honesty because they know that their job is secure. No body is going to harm their job. Now a days it is seen that in most of the govt sector job holders do their job after taking a bribe from common people take an exp of education system in govt schools, there are teachers but they don't do their job with honesty. In bank, in court in every sector you will see this. Who is responsible for this. Common people, govt employee, or our administration.

Think over it. All I can say, administration is responsible for such illegal activities. So administration should take a strict against corrupted people of govt sector.

Security, we are talking about. The first thing strikes is that anyone can give the security for Life?

Coming back to the main topic, here corruption, stress, security everything goes hand in hand though its a public or private sector. Of course entrance for public sector job is tough because of the competition and unfair practices. For private sector you need to work hard more and more with keeping patience.

Being a common man and moreover from OPEN category (no offence on any other category) for me private sector provides bread and butter according to my knowledge and talent. I agree that there is much stress, but it is at every place, so we need to work on that rather than blaming it.

I always believe that there is one opportunity available in the market which we need to grab. Obviously competition is high but if you work hard it will gives you good return, may be in long term.

So I conclude from my end that Private sector will be a bet than public for me.

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.