Why there is a craze for government jobs?

Why is there so much craze for government jobs? They are under a false impression that a government job is ‘not demanding’, ‘has no targets’ and ‘provides a lot of benefits’. Most of all, it comes with ‘job security’, even though the pay is low compared to a job in the private sector.

Why do government jobs craze in India?

Largely younger generations have a craze for government jobs in India because they want to fully settle in life after getting the job. India is a mixed economy Country, where private and public sectors are present to do the work.

Are government jobs reducing in India?

Hiring for government jobs is drying up, reaching the lowest level in at least three years in FY21 as the coronavirus pandemic spread misery far and wide. While the central government hired 27\% fewer people in FY21, states hired 21\% fewer, payroll data of the National Pension System (NPS) showed.

Is it good to have a government job?

Average government salaries are competitive with the private and nonprofit sectors. Top candidates with work experience and strong academic backgrounds can quickly increase their pay. Federal benefits, including health insurance, retirement and vacation, can be superior to other sectors.

Is government job good in India?

IAS and IPS are the most sought-after government jobs in our country. On the one hand, these officers get to work in diverse fields and are part of policymaking in India, on the other hand, perks of these jobs are unmatchable. Perks, security of job and power make these jobs the most desirable among the youth.

Why is there a craze for government jobs now?

But now, the scenario in the job market seems to have reversed completely. The reason behind this new-found craze for government jobs is a misconception in the minds of today’s youth. They are under a false impression that a government job is ‘not demanding’, ‘has no targets’ and ‘provides a lot of benefits’.

Which government jobs will be private by 2050 in India?

Public sector companies & its employees like ONGC, Coal India,BSNL etc and Public sector banks like SBI,PNB,OBC etc will be private by 2050. There will be very less ,say only few hundred govt. school teachers in India by 2050 because 99\% govt. schools will be privatised.

What is the future of the Indian workforce?

Skill development and employment for the future workforce According to the World Economic Forum’s report “ The Future of Jobs 2018 ”, more than half of Indian workers will require reskilling by 2022 to meet the talent demands of the future. They will each require an extra 100 days of learning, on average.

Is a career in the private sector really worth it?

A career in the private sector may be tough in the initials stages, but over a period, it earns good rewards for those who are worth it. Myth 2 – Government jobs are less demanding, have no targets and are ‘permanent’. Government jobs are no longer cushy as they used to be once.