In the Indian job scenario, jobs in public sector undertakings (PSUs) is highly prestigious. This acronym PSU is used to describe a government-owned company or one in which the government has a majority stake, about 51% equity. In such a company, management control remains with the government—whether State or Central.
Jobs in PSUs are highly coveted because of the opportunities they bring, and the pay scale and the benefits they offer. Naturally, therefore, getting a job here is going to be extremely competitive.
PSUs are divided into three main categories based on their share capital. They are:
PSUs Recruitment Process
The recruitment process of getting into any PSU isn’t long but it demands quality. The most important criterion for getting a job in this sector is the candidate’s graduation marks. To be eligible to be part of the recruitment process, s/he should have a minimum of 60% in their final exam, or a first class CGPA score.
Selectors for PSU jobs are extremely stringent about marks scored in graduation, and it is well-known that some of them have a cut-off demand of 65%. As the rounds of selection continue, these marks continue to get heavy weightage.
Ways to be hired by a PSU:
Recruitment can be broadly classified into two categories.
- PSU’s recruiting through GATE scores
- PSU’s recruiting though Non GATE scored.
PSU’s recruiting though Non GATE scored.
The following are the ways of being selected for a job in a PSU though the Non GATE score. They are:
Generally, PSUs maintain a list of campuses that they visit each year to recruit graduates. The company’s recruitment committee generally decides on shortlisted candidates after a series of interviews.
Off-campus Recruitment Drive
Most recruitment is done through this mode. It is conducted by the PSUs concerned after they put out an advertisement in all the major newspapers and mentions it in detail on its own website.
The initial filtering is done according to the marks obtained in the students’ graduation course—i.e. B.Tech/B.E, Standard 12 & Standard 10. In the second round, candidates are invited to the second round.
The second round is the written round which comprises multiple choice questions in the discipline of the candidate. Once candidates clear this round, they are shortlisted for an interview by a panel of interviewers. This is the Personal Interview round where the candidates are chosen as Graduate Engineer Trainee (GET).
Through Competitive Examinations
Conducting an examination is by far the most popular way of recruiting candidates for PSU jobs. This is seen as a short tool to list candidates qualifying in the exam who score more than the minimum. They are invited to appear for Stage II of assessment, which is the Group Discussion, followed by a Personal Interview. Candidates who perform well in these rounds are finally hired.
There are certain PSUs who also ask their candidates to send their applications with a resume before doing the exam. From this, they sift and shortlist those candidates whose resumes are impressive and who meet the marks criterion. They are then asked to appear for the exam. The next stage is the Group Discussion and Interview round. From this, the final selection is made.
Though there are some differences between PSUs, yet what is in common is the age group criteria. Candidates in general category should be between 21 years to 27 years of age, and in some cases such as for SAIL, 33 years is also considered. The age group for SC/ST candidates is from 21-30 years.
PSU’s recruiting through GATE scores
On the basis of GATE scores
Graduate Aptitude Test in Engineering (GATE) is a pan-India examination conducted by the Indian Institute of Science (IISc) and seven Indian Institutes of Technology (IIT) to admit students into their post-graduate courses.
PSUs may require candidates for highly technical positions, which may mean that the candidates should be technically sound. Such candidates are chosen on the basis of their GATE scores. They should appear for the latest GATE examination, and bearing in mind the year’s vacancies, the company determines a qualifying score.
Eligibility criteria for recruitment through GATE 2020
Different PSUs may have different eligibility criteria for selection. Apart from the GATE scores, the other common criteria include:
Age limit: For general category the age limit is 21-27 (some PSU’s can go up a bit higher. For example the age limit at SAIL is 33 for general category). For SC/ST the age limit is 21-30
Qualification: aspirants should be either B.Tech or B.E. However aspiring candidates who are in their final year can also apply.
Scores: Those who score higher than the qualifying score are encouraged to apply. Candidates with 70% or above are eligible for all PSUs. However, some PSU’s also consider 65% and above as eligibility marks as well.
The shortlisted candidates are called for the Group Discussions and Interviews. Based on their performance in these rounds, they are either accepted or rejected.
There might be a situation when a qualifying GATE score is not determined by the PSU concerned. In such a scenario, all those who qualified in the exam are deemed eligible to apply. Those with the highest scores are invited to appear for the Group Discussions and Interviews and the best among them are chosen.
The short listed candidates have to undergo a medical examination and document verification. Those who clear medical examination as well as document verification process are selected.
Through NET Exams
Candidates who pass the NET Exams (CSIR NET/UGC NET) can be admitted into a PSU based on their score.
In these few ways, PSUs hire young people of immense academic talent and high performers who are brimming with knowledge and confidence.