Should you be considering working right after your BE, then working in a PSU should top your list of options. Here’s why:
For example: Maharatna PSU, IOCL, offers a starting salary of 11 lpa.
For example: MECON’s ISPAT Hospital provides free medical care to employees and their families.
For example: NTPC (National Thermal Power Corporation Limited) and PFC (Power Finance Corporation) provide home loan up to ₹20 lakh and car loans between ₹3-6 lakh at nominal rates.
For example: NTPC Townships have Hospitals, Recreation centres and Schools within the campus.
In MECON’s Shyamali Colony in Ranchi, the Engineering Consultancy has homes for employees, a stadium, a library, playgrounds, a club and a Kala Kendra for cultural events.
For example: The PFC employees selected under the ‘Executive education and Competence building’ programme are considered for appraisals and no disciplinary action is taken against them for absenteeism.
For example: ONGC employees get a generous allowance equivalent to a specified amount of petrol, apart from car maintenance and insurance. It adds up to about 20% of their basic salary and rises in step with petrol prices even if they use public transport. To make their pay tax friendly, employees can take 47% of their salary in reimbursements for expenditure like buying computers or a family trip abroad.
For example: PFC has initiated a scheme to pay for Employees’ higher education abroad. Company bears all expenses including travel, stay, accommodation and course fees.
News: In June’19, the Personnel Ministry of India has written to secretaries of all central government departments asking them to carry out the review of all categories of employees in “letter and spirit” and to ensure that decision to retire a public servant is not “arbitrary”. This includes PSUs too.
And the only way to get in there is through the GATE!