Factors like job security, work-life balance, retirement benefits and social status are among the key reasons why many people prefer government jobs
For jobs across both Central and State
governments, there is a heavy rush of students. This happens even when there
are now plentiful opportunities present in the private sector. It makes us
wonder why so many people prefer government jobs. Let us delve deeper and try
to identify the key reasons.
Attractive salary - Pay packages and perks have improved significantly across
government jobs. In many cases, the payout is better in comparison to a similar
job in the private sector. This has happened with the 7th Pay Commission. The government
has now approved the 8th Pay Commission, which will make government jobs even
more attractive. It is estimated that salaries could increase up to 30%, as per
the recommendations of the 8th Pay Commission.
Retirement benefits - Many people prefer government jobs, as they have a good pension
scheme and other retirement benefits. In comparison, an individual working in the
private sector benefits largely from only the provident fund and gratuity
amount. These funds need proper investment, whereas there are no such hassles
with the pension system.
Job security
- A government job is usually considered more secure than a job in the private
sector. An individual working in the private sector may be removed at short
notice. Something like this is generally not seen in government jobs. As such,
job security is one of the key reasons why many people prefer government jobs.
Matter of prestige - In many communities, government jobs are viewed as a matter of
prestige. Those in government jobs often get more respect in society. This is
especially true for high-ranking government positions such as IAS, IPS, public
sector undertaking jobs, etc. Social status and prestige are a key reason why
many people choose government jobs over private sector jobs.
Reservation benefits - Access to reservation in government jobs makes it easier for many
candidates to lead a better life. Reservation for SC, ST, OBC and EWS is a key
reason why government jobs are preferred. It is estimated that around 50% government
jobs are filled via the reservation system. In comparison, the private sector
currently does not have any reservation system. Selections in the private
sector are based purely on merit.