The eagerly awaited government jobs are seeing a sea change. It means the end of comfortable working hours, adequate retirement fund and other perks as public sector companies are now switching over to contractual system of recruitment.
Currently RBI is planning to recruit executives on a 3 year contract basis. The central bank is on the look out for 200 eligible candidates. They would not be entitled to any government facilities such as pension, accommodation, PF or gratuity, which are usually given to all the regular staff.
Aneesh G Laikar, CEO, Selectema Consulting, a Mumbai-based recruitment company says, “Employing on a short-term basis makes it easier to weed out non-performers. So the clear indication is that people shouldn’t come here to park themselves”.
He said, “In contract basis employment, you cannot be a part of a trade union, which will make the exits easier. It is a sign of times to come. We cannot rule out the possibility of RBI using this way of employment on higher levels too”.
The eligibility criteria for these candidates matches those of POs.
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