The study found that a total of 43% of students choose to work for a reputable private company, compared with 37% of students who want to work in government. A few years ago, most people aspired to the coveted government job, but the trend has changed as students now seek reputable work in a private company rather than in the public sector.
For many years, working in the public sector has been the most sought after career option for job seekers, and in recent years the government has offered various career opportunities to technical graduates in various public sectors such as DRDO, ISRO, etc.
It is not a myth that working in government provides more stable and career prospects. While working in the public sector can be very safe and offer some great benefits, it is often accused of not encouraging innovation. This does not necessarily mean that government work is right for you.
The main disadvantage of working for the government is that promotions are slow, staff turnover is limited, and there is often a “high” level that is difficult to climb further. There is a widespread misconception among students in the country, fueled by their parents, namely that public vacancies are rare, private jobs are better.
Every government vacancy, whether state or central, will be publicly advertised on their websites and in newspapers to ensure the maximum number of applicants for the vacancy throughout the year.
Private sector companies usually hire candidates based on a recruitment process that consists of several stages (ability, technical skills, management skills, etc.). While most government positions have a lengthy, gradual hiring process where candidates are selected based on a written test and a round of interviews, private sector jobs are slightly less onerous as a candidate can be interviewed or recruited if their skills and background work experience meets the requirements of the company for the position, conduct several rounds of interviews.
Public sector jobs can include jobs for the federal government, and private sector jobs with non-government companies and organizations. People with such jobs may work in government or the military, supporting government services or for the benefit of civilians. Others, such as accountants, programmers, and human resources specialists, exist in both the private and public sectors
For example, some people may derive the satisfaction of being safe and of the benefits of working for the government. Some might say that civic work is more satisfying, especially if you are planning to start your own business.
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A private work culture can include longer work hours, an extremely competitive environment, deadlines, and a very stressful environment. In private work, productivity is directly linked to growth, and the work environment is bound to create competition to keep up.
Government-hired people enjoy greater job security, while private sector workers face economic volatility and the potential to lose their jobs if their companies go bankrupt.
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