| Author: K MOHAN 03 Nov 2009 | Member Level: Gold | Rating:  Points: 2 |
The main reason for loss on these Public Sector units that they are over employed....Their pay scales are hefty and at the same time their marketing strategies are very poor....If at all Govt contemplates to take any remidial action...workers union are up in their arms...thats it..
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| Author: Renjith.R.P 03 Nov 2009 | Member Level: Gold | Rating: Points: 5 |
Hello friends,
The public sector companies are run by the government. We all know the attitude of most of the government employees. They are least bothered about the work to be done by them. If they do or will not do the work they will get their salary monthly. So there is no need of hard work since the monthly salary is sure for them if the company is in loss or gain.
If the government or the authorities try to make any changes in the system and increase the efficiency of the company the Work unions will interfere. They will start strikes etc. In many public sector companies they do not chase any organisational goals and the work will be done in a manner as they like.
In private sector companies the workers will lose their jobs if the company runs into loss. The management adopts many programs to improve the efficiency of work of the employees. The performing employees get perks for their work and a good working environment is maintained.
The efficient management of the workers and goods will get the Public sector companies to profit.An efficient management must be provided in the companies to increase the profit.
Regards ,
Renjith
Quote : Honesty is the Best Policy
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