Global financial meltdown has restored the glamour of the public sector undertakings which have emerged as preferred job destination for students passing out from country's elite institutes like the IITs and IIMs. 'Now, there is a glamour for PSUs which has led to better response from institutes (like IITs and IIMs) who will otherwise not look at us,' said Standing Conference of Public Enterprises (SCOPE) Chairman Sarthak Behuria. Another blue chip company Bharat Heavy Electricals Ltd (BHEL), after a gap of almost a decade, has been invited for campus placement by the Indian Institutes of Management (IIMs), said B Shankar, General Manager (Human Resource) of the state-owned company.
The company has already picked up 400 engineers from different IITs through campus placement, he said. The revised pay structure has made PSU jobs more attractive at a time when the private sector, reeling under the heat of the global financial meltdown, is cutting salaries and reducing jobs. He added that the new pay structure, which has proposed 50 to 60% increase in salaries of PSU employees, has made the PSUs jobs attractive.