Why students prefer private companies over government jobshttps://indianexpress.com/article/jobs/why-students-prefer-private-job-over-government-5959029/

Why students prefer private companies over government jobs

The study revealed a total of 43 per cent students preferred a reputed private company job over 37 per cent students who desired government jobs.

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The study revealed a total of 43 per cent students preferred a reputed private company job over 37 per cent students who desire for government jobs. Image source: Representational Image/ gettyimages.in

Years ago, a coveted government job was what most people aspired for, but the trend has changed as students are now looking for a reputed private company job over working in the government sector. The reason is the perks, facilities, good remuneration and professionalism that comes with experience, revealed a recent study by Michael and Susan Dell Foundation.

A total of 43 per cent students prefer a reputed private company job over 37 per cent who desire a government opening. “Salary emerges as the single most important factor of job preference by a significant margin among students, across all categories of courses, and parents,” the study found.

Regarding the remuneration, parents have a higher expectation of salary than their wards. The study found students peg their salary expectations at slightly below their current monthly household income (Rs 21k vs 25k on an average).

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According to career counsellor Sumanta Gulati, “Salaries, environment and career growth are the three factors millennials are looking for before joining a company. As government sectors provide stagnant growth, with less professionalism, the GenX are moving for reputed private company jobs.”

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The country is going through huge unemployment, which according to the study, is three times more than the overall unemployment recorded since Independence. At present, less than 5 million people are currently employable in the country.

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“Most people believe that over 12 million people enter the labour force in India every year while the data shows actual numbers to be less than 5 million. The youth unemployment rate emerged to be three times that of overall unemployment. Further, nearly 56 per cent of the respondents asserted that their education and/or vocational training was inadequate to improve their prospects of landing a better, high-value job,” said Sabina Dewan, President and Executive Director, Just Jobs Network.