Public Sector being a Guarantor of Job Security is a Myth

It's a healthy discussion going on. But after going through most of your point of view's that all are concluding with the result that PSU's are more secured. Yeah I definitely agree with that. But the fact is that all of you can't crack for this PSU's. So that means your life is worthless? No. Definitely not. It's you who can make a change.

Try for the PSU's, work hard but be strong for the results. If it is yes go for it and what about if it will be no then? Definitely private sector will be left for you. All goes for money and relaxation. The best way to lead life if you are thinking of money is that gain 4-5years experience from any sector, then try to build up your own company. BE THE EMPLOYER! DON'T BE THE EMPLOYEE!

I can conclude this in simple manner. Pure govt jobs under the central govt or states are life time guaranteed benefits regardless your performance.

PSU companies though undertaken by govt of India it doesn't guarantee salary for life time. Example HMT Hindustan machine tools - People are getting 1992 pay scale because it's not making any profit from 90's.

Salary of a fresh engineer will get 10000.

On the other hand BHEL pays freshers 70000 per month because they are performing excellent.

Public Sector: As the name comes in mind one must be happy but at the same time be very very very cautious.

Have you ever seen a duck, how smooth it looks swimming in the lake? But the reality is tremendous amounts of cycles of paddling it does inside the water, which is not visible. Government sector job can be taken by those who are judged by their attitude and character at the time of interview. People lie so much of not able to compete in exams and interviews. But sometimes, its the MAN who takes above the BRAIN at the time of employment.

They do NOT need people who say, I will do anything to get this job. Because they know later it will be trouble. Character, Sound Judgement, Self-Belief, Truthfulness, Innovative Ideology, Clear Mindset, Confidence (self NOT jealousy) are the common personal traits what attracts the interviewer in government jobs.

So many people are seen competing blindly with others, which is fatal for their own existence. As a young job enthusiast, one must remain positive, hopeful and persistent in efforts towards job hunting.

A target well set in time, and with the optimum efforts, right candidate can land for the job of his dreams.

Freshers are some times confused in career choosing, go for pvt or govt? It comes from the desire, how you imagine yourself working after five or ten years in life.

One may concentrate on his professional skills and then decide which way to go, private or government.

There are ample of opportunities in the market, and truly speaking, those who have the steel nerves of rising up the ladder of professional life, nothing STOP them.

The career does not begin with how you get a start, but how you see yourself, putting the efforts and still keeping the momentum alive to sail ahead and reach your target goals.

Patience, Tolerance, Continuous efforts, and self-belief. Do these words attract you? Have a better time anywhere private or govt, the pool is waiting for the dolphins.

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.

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.

Dear friends,

Thanks for the interesting discussion. After working for the Govt of India (Class 1 gazetted) and a Public sector bank as an officer both put together 20 years, I joined Private sector. We need to understand what we mean by private sector, there is no one general classification. Private sector is of multiple types ranging from American Mncs, Indian Mncs to Lala Companies and again nature of industry i.e., banking, IT, retail etc., Again we need to consider at what level you are joining and is your career aspiration.

In my opinion, if you are starting your career it's good to start with a global Mncs as Mncs are ok upto middle level positions. Once you become fairly senior, should move on to Indian Mncs. You are part of decision making in Indian Mncs whereas in global Mncs, you need await for instructions for everything even if you are a Country head.

Overall, think we should know our strengths and weaknesses. If we think we are good in our job (not only subject matter but also leadership, carrying oneself, soft skills etc. ,) Private sector is the best, you can move fast up the ladder, you'll not face bureaucratic hurdles. But if you don't have very serious career aspirations (C- suite jobs) and okay with routine govt & public sector jobs are the best. Whatever said and done in private sector, particularly global corporations, you are paid by results and not by efforts. Results means how you are contributing to the top line revenue or bottom line. There are high risks as you go up.

If you want to play safe and don't believe in high octane work, public sector is the best. There is no permanence or guarantee in corporations. But the good part is you will enjoy working because generally the work environment is good, no hierarchy unlike Govt, no disrespect, no bureaucracy. Private sector offers lot of learning opportunities, you learn everyday, travel across the world, learn multiple culture, you become a global citizen. You need to choose what you want. High risks & gains vs low risks and job security.

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.

Guys!

I want to ask one thing. Does a Government Job would make me able to earn quite good till I retire at old age or should I take my Life policy of 'Work hard and gain hard' and should go for private jobs so as to earn so much that I would enjoy my life after 40?

Hai to one and all,

In my point of view, government jobs are more security to us. Nowadays we get a lot of salaries in govt. Jobs also. By doing govt. Jobs we don't have to bother about our future because the job is with us until our retirement and also we get pension after job.

But in case of private job we don't have that much of opportunities, and also we have to follow the steps of higher authorities. They will give suggestions and we have to follow them compulsory if we reject they remove us from the job. And also their main goal is to earn a lot of money to their companies and also forced the persons to do this work immediately. We have no security in doing private jobs. They also tried to get a fame to their company by going not only in a good way but also in a bad way, their main aim is to get more income to their company.

Thankyou,

Hello everyone,

I would like to say that public sector being a job security is not a myth as the fact that after getting into a public sector there is full job security irrespective of the fact that you work for long hours or not.

Public sectors give its employees a lot of perks of which this is one!