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Are You Employable by Private or Govt Sector Companies?
As I remember, the private sector came into prominence in the early 2000s in India. It was the time of the dot com bubble. The tech sectors were booming and at their peak. Young boys & girls started getting an insane amount of money in companies. Suddenly, they were buying flats in posh areas of Mumbai, Pune, Banglore etc. Many went overseas like Australia, the USA, and Canada to start a new promising life. This trickle down to other sectors also.
Moreover, India was opening up then. This expedited the process. The government sector also felt the pinch as people opted for private-sector jobs. Then Government brought two pay commissions in the last two decades to make the wages at par with the private sector. Then, the tech sector went a little bit downhill in terms of employment. Moreover, there was an overflow of job seekers to the tech sector’s making it saturated. It lost its shine and became low paying redundant sector.
The government sectors with its 7th pay commissions have become lucrative to students. Apart from that, people are looking for job security. But, job security in these times is a myth. We have seen many instances in Assam, such as Jagirod & Silchar paper mills. All were good in the past, and now it is useless junk. Recently, the Government of India has set up a body called the Department of Investment & Public Asset Management under the Ministry of Finance to sell non-performing assets or loss-making PSU companies such as Pawan Hans, Air India, Bharat Pumps & compressors, etc. India will witness more of such drives in the coming years. The concept is that the “Government has no business in running a business”. The whole set-up follows the USA system where Government manages only a few sectors such as defence, public administration, healthcare etc.
Now coming back to the recruitment scenario, it seems that the tech sector has regained its strength as we hear stories of people getting an immense amount of packages in IITs. That will be lakhs for people not in IIT, which should be remembered. But, the tech sector has changed this time. It has matured. So, it is demanding specialist people for operations. Its nature is like that it will give money only to specialists. Keeping that in mind, the job seekers have to ask what we offer to employers. People have to learn the new age technologies of their field and be specialists. The whole scenario can be compared with the familiar scene of unskilled workers gathering each morning at town ‘chowk’ while the skilled ones get phone calls from employers directly.
Even though job market is opening up, there is a growing unwillingness of students to join private sector companies. But, students have to ask whether they are not opting or the companies won’t select them. It is good to prepare for Govt jobs. But, these are in short supply and will be scarcer in coming years as Government is withdrawing its presence from many areas and letting the private sector operate. We should remember that the private sector is good talent spotters because money is involved in their decisions. If one is not worthy of the private sector, he may most probably not be that suitable for the government sector too because, one may not be equipped with skills like soft skills & hard skills. Soft skills are like communication skills, leadership, team work, critical thinking, problem solving etc. The hard skills are like management skills, tech skills, analytical skills via various tools, financial skills and project management skills.
Students should not discount promising private enterprises and definitely go for recruitment in that field and feel the interview process. Sitting in the interview is an experience. As per my experience, only a tiny percentage of people can crack an interview on the first attempt. I have sat in many interviews, and I am not ashamed of it. You face rejection and then prepare well for the next one. In the process, you learn and toughen up. At last, you will be able to crack as you have passed the knowledge barrier or threshold to enter the big placed club. Therefore, one should try in every way.
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