When a job seeker thinks about placement in the government sector, it is mostly because of stability and job security until retirement. But when he wants a high remuneration he must think about applying for a private sector jobs or an online job.
In a government position, you will get work flexibility, more holidays, less work pressure and a little more prestige. However, private sector employment provides more job satisfaction and bring more investment to country economy.
In the year 1990, total investment in private sector started increasing. In the same year, first half observe 56% investment in the private sector and second half witness 71%. This result shows how private sector started impacting Indian economy.
Let’s discuss on few benefits of employment of private over government:
A lot of people working in government sector complain about the lazy office environment. Only a few people work very punctually, but more people sit idle and do not complete their task within time. Whereas in private sector vacancies, the employer always ensures that the given duty achieves within the scheduled time. Thus, the work here is fast paced and more efficient, thereby creating a suitable work environment.
Promotions and appraisals
Popular fact about employment is whether it is administration based or a solitary, you will expect evaluations and appreciation for your hard work. But in today’s government sector jobs, the people who work hard are often going unnoticed. But in contrast, in private sector jobs, the better you work, the more be your growth. Focus on potentials and hard work are is a significant concern.
Yes, you hard it right private sector vacancies offer higher pays than that of government jobs. Along with an excellent salary which gives excellent motivation, private sector vacancies provide incentives and perks for hard works.
Important for the Indian economy
Private sector employment plays a vital role in Indian economy which can be easily witnessed by the incredible growth of BPO, software companies, privatized banks, etc. The KPO sector has also increased a lot and contributed to the economy. According to the estimates, from a whole US$ 15 million business of KPO service, US$12 billion industry is an outsource number to India by 2016.
The private sector vacant positions are like an asset for the country. They give a lot of tax to the government. And this helps in generating some employment. Private sector employment is essential for our economic growth of our country and having more benefits if we look it from a different aspect.