Choice of government or private sector remains toss-up between job security or big bucks
Even though the glamour and dynamism of a private sector job is drawing the attention of today’s Indian youth, the desire to have a government job still remains strong
Rahul Raj, TimesJobs.com Bureau
Indians still prefer job security and comfort over the swanky offices and fast paced corporate lifestyles. “The prestige, security and comfort of government jobs still hold appeal for many Indians. Before the markets were liberalized in the 1990s, the government was one of the country’s most coveted employers,” states Ashish Arora, founder & MD, HR Anexi.
He believes that although the tide and glamour of private sector jobs may have strongly settled in for the last three decades, but the government’s legacy as an employer still continues with many Indians. This appeal has become stronger over the past few years, in the face of recession induced layoffs and salary cuts in the private sector.
Advantages of government jobs
According to Arora, the following are some of the key advantages of government jobs:
• Compared to the private sector, government jobs have lesser workload and pressure to perform.
• Holidays and vacation times are also unarguably more.
• Job security in government roles is rarely a factor of individual performance or economic times; most government employees continue enjoying stable positions and salaries despite a bad economy or poor personal performance.
• The government offers its employees attractive and life-long benefits, like housing, health care, pension and provident funds.
Highlighting only the advantages of government jobs would be really unfair towards private sector jobs as they too have a lot to offer and in some cases, scores over government jobs.
Where does the private sector score?
According to Sunil Goel, MD GlobalHunt India Pvt. Ltd,
• The process of getting into a government job is longer, whereas, in private sector the decision making process of hiring is much shorter.
• Induction and learning processes are longer for government jobs, methods and processes are still very traditional. Whereas, the processes in private sector are very dynamic and they compete with the market, with mature processes and advance technologies
• In private jobs there is no cap on the earning potential, whereas, in government jobs, your income gets confined to job grade and pay scale and so on
• Government jobs are not target driven by nature, whereas, private jobs are target driven
According to Arora:
• Compared to government roles, the private sector usually offers more challenging work, and a greater scope of growth.
• For dynamic, enterprising individuals, the private sector offers quicker returns for initiative, thus naturally drawing that populace towards it.
• While government jobs can be secure and comforting, their work content may not always be challenging. Many roles have mundane responsibilities, with little scope for improvement.
• Making a choice between a comfortable and secure government job and a high-paying and dynamic private sector job can be really tough. Both have a lot to offer, but the choice purely depends on the wants, aspirations, upbringing and family background of the individual who has to make the choice.