PSUs at Top Academic Campuses for recruitment
Due to high attrition rate, some year back, Public Sector Units (PSUs) started recruitment process at various academic campuses in India to attract best talent into their ranks and profiles. Besides regular recruitment process to invite applications from suitable candidates, PSUs regularly appeared at the top academic institutes like IITs, NITs and IIMs for Engineers and Management Trainees to get best talent in India.
But the candidates who were left at some less fortunate academic institutes felt neglected and cheated and took the issue to the court. The High Court ruled to stop this practice and then PSUs stayed away from the campus interviews to select suitable candidates.
PSUs again started at campuses
But for last 1-2 years, PSUs have once again started to select the candidates from the campuses. The number of Public Sector Undertakings (PSUs) lining up to take part in Campus placements has seen a sharp rise this year. Almost all major Top Academic institute like IITs have more than double the number of PSUs both Maharatnas and Navratnas queuing up to participate in the recruitment process that begins on December 1. Later on ISRO, DRDO and Navy will also join the process.
At IIT-Kharagpur, the country's oldest IIT, the number of PSUs confirming participation has gone up from four last year to 13 this year. Some of the big names include Indian Oil, HPCL, BPCL, and BEL.
Bigger participation from the sector will change the placement pattern as the PSUs offer jobs to many students in one go. “Last year, Coal India recruited around 31 students,“ said placement chairperson at IIT-Kharagpur. Besides, a PSU job is more secure with proper pay scales and attractive post-retirement benefits, chairperson pointed out.
“PSUs also consider the student community as a whole and even weaker ones find plum positions,“ said another teacher.
Placement chairperson of IIT Guwahati and convener of the All-IIT Placement Committee, said the number of PSUs at the Guwahati campus has gone up from three last year to seven. “The Madras high court dismissing a plea against direct recruitment by PSUs could be a reason,“ he said.
At IIT Madras, eight PSUs have confirmed participation.“The new ones this year are Coal India, ONGC, HPCL, Midhani (Miniratna) and BEL,“ said chairman of placements at IIT-Madras. “ After implementation of the seventh pay commission, PSUs are offering salaries at par with the private sector. Add to this job stability and clearly PSUs emerge as more lucrative employers,“ chairman said.
Though PSUs have started to recruit Engineers through GATE for last some years, this practice of PSUs to recruit though direct campuses also opens a new window to the desirous candidates. In our opinion PSUs being run on public money should recruit its engineers and officers through direct recruitment only so that all candidates from all academic institutes, specially from remote areas can get fair chance.