PSU - where are we losing it

Employees are the single largest asset in an organisation.
This statement becomes more profound for service sector organisations.
However, the workforce have been continously neglected by the upper management of Indian PSUs ( Public Sector Units ) when they create business strategies or 5 year roadmaps for the organisation.
It is very painful to see this active neglect and the lack of resources allocated for workforce management in the PSUs.

This is more evident in India where employee investment is one of lowest among peers.
While, most of American and European companies offer ESOPs to their employees, this practice is virtually non-existent in India.

In India, employers offer the following benefits. Some because of government regulations, some because it forms a part of employee benefits scheme.

1. Provident Fund
2. Gratuity
3. Superannuation/pension (either defined benefit or defined contribution)
4. Housing
5. Car
6. Loans
7. Life insurance protection for dependants
8. Health/disability benefits
9. Medical benefits for employees and their families
10.Leave encashment

Some of these benefits are primarily avialable to PSUs employees, benefits such as Housing, Car, Health/disability benefits, Superannuation/pension.

These benefits create a rosy picture, however they are directly mapped to the salary structures. More the benefits, lower are the salary structures.
So, you might have free housing through your PSU but can you afford your children's education expenses.
Indian Railways has the highest no of employees in the world. Jobs at Indian Railways are cherished for a certain class of people but why do the most brilliant minds passing out of premier institutes such as IIMs/IITs are averse to taking up jobs there. This is a question we need to ponder upon with earnest effort.

Many youth say

There is a strong need to look at the employee engagement initiative at PSU workplaces in India. There is a severe lack of thought/intent for the same at these workplaces.

Many argue that there is very low attrition rate at PSUs and hence, it can be concluded that employees there are highly content with their workplace enviornment.
I beg to differ, the absence of the trend of switching jobs in PSUs can be relegated to lack of better opportunities to a certain extent.

Lets raise the voice against this disparity. Its high time we need to change this.