Did you know that Public Sector Units (PSUs) in India contribute 20% of the national GDP?
Basically PSUs are government owned companies, where either the state or central government has a 51% or more share. These companies run like any other listed company, although they share their profits with the government. Working in such units can be very demanding and requires sound technical and engineering knowledge in the core subject areas. Over 2,000 job opportunities are available currently in this sector for engineering related positions in major organisations like Indian Oil Corporation, BHEL, NALCO, Coal India and GAIL, to name a few.
There is a growing trend amongst such organisations to consider the GATE exam
performance of a candidate for recruitment
eligibility and competence. The reason they consider these scores is that the exam tests technical, logical and analytical skills. Here, the candidate’s understanding of the fundamentals and the core subjects is essential to be able to score well.
These organisations offer high profile and lucrative jobs, and students could even get the opportunity to begin their career with a starting CTC of Rs. 9 lakhs.
List of Hiring Organisations
Now, 15 organisations from the public sector use the GATE scores to recruit and the CTC offered starts from Rs. 8 lakhs and goes up to Rs. 12 lakhs per annum, apart from monetary compensations and several other perks.
- Central Electronics Limited
- Neyveli Lignite Corporation Limited
- Mazagon Dock Limited
- Hindustan Petroleum Corporation Ltd
- Bharat Petroleum Corporation Limited
- Mineral Exploration Corporation LTD
- NTPC Limited
- GAIL India Limited
- Bharat Electronics Limited
- India Oil Corporation
- NHPC Limited
- Coal India
The Advantages of Working in PSUs
Public sector jobs in India definitely give employees a large amount of flexibility. They offer periods of leisure and relaxation that give a perfect balance between work and personal life.
- Some companies have tie ups with IMI and IITs for full time MBA and MTech courses for their employees. They might also provide many soft loans.
- State run organisations have come up with innovative facilities for their employees, within the pay structure. Some companies offer full medical cover after the age of 50 for employees and their families, even after retirement.
- To make an employee’s salary tax friendly, companies offer options for employees to take 47% of their salary in reimbursements, for expenses such as buying computers or laptops or even a family vacation abroad.
All in all, perks offered by PSUs not only help retain employees, they attract a multitude of job aspirants as well.