PSU Jobs for Engineers and Freshers, Highest Paying PSU Jobs for Engineers
PSU Jobs for Engineers: After the implementation of second Pay revision committee report for PSU in India, the overall pay of executives of Public sector staff got raised enormously. And third PRC is additionally progressing to implement terribly shortly, which can additional increase the salary of PSU staff by around 15 percent.
PSU Recruitment & Revised Pay Scales:
The Government Jobs in PSUs for engineers aren’t less engaging than a non-public multinational company’s job. They’re even paying higher to recent engineering graduates as compared to non-public multinational corporations. During this post, i’ll make a case for you comparative salary & perks analysis of prime central public sector enterprises (CPSEs) like BPCL, ONGC, NTPC, BHEL, SAIL, HAL, MTNL, BEL & BSNL. This can assist you to make a decision that CPSE is best for recent engineers.
The government of Republic of India has revised the pay scales of CPSEs. In revised structure, there are ten pay scales for executives that additionally shown in below table.
|3rd PRC Pay Scales for the PSUs Applicable from 01.01.2017|
|Grade||Existing Pay Scale||Recommended Pay Scale||Applicable Schedule of CPSE|
|E0||12,600 to 32,500||30,000 to 1,20,000||A, B, C, D|
|E1||16,400 to 40,500||40,000 to 1,40,000|
|E2||20,600 to 46,500||50,000 to 1,60,000|
|E3||24,900 to 50,500||60,000 to 1,80,000|
|E4||29,100 to 54,500||70,000 to 2,00,000|
|E5||32,900 to 58,000||80,000 to 2,20,000|
|E6||36,600 to 62,000||90,000 to 2,40,000|
|E7||43,200 to 66,000||1,00,000 to 2,60,000||A, B, C|
|E8||51,300 to 73,000||1,20,000 to 2,80,000||A, B,|
|E9||62,000 to 80,000||1,50,000 to 3,00,000||A|
|Director||75,000 to 1,00,000||1,80,000 to 3,40,000||A|
|CMD||80,000 to 1,25,000||2,00,000 to 3,70,000|
|Director||65,000 to 75,000||1,60,000 to 2,90,000||B|
|CMD||75,000 to 90,000||1,80,000 to 3,20,000|
|Director||51,300 to 73,000||1,20,000 to 2,80,000||C|
|CMD||65,000 to 75,000||1,60,000 to 2,90,000|
|Director||43,200 to 66,000||1,00,000 to 2,60,000||D|
|CMD||51,300 to 73,000||1,20,000 to 2,80,000|
Public Sector Undertaking Companies Recruitment for Freshers:
Engineering graduates are largely recruited on E1, E2 or E3 pay scales in numerous government corporations. These pay scales decide the initial basic to lean to fresh candidates. Generally, new appointees are mounted at minimum limit of the new scale. Suppose graduates appointed on E3 pay scale (60000-180000), here the minimum price is 60000 thence he/she are going to be fastened at 60000 as a beginning basic pay. Alternative advantages like DA, HRA, EPF, Perks, Allowances, LTC, medical facility, increments & even new pay revision depends on the fundamental pay of an employee. Thus higher basic pay suggests that high total gross & in hand regular payment.
Top PSU Company Pay Scale for Engineers:
|PSU Company Name||Grade||Pay Scale||Initial Basic Pay in Rs||Approx Gross salary per Month|
|Oil and Natural Gas Corporation (ONGC)||Assistant Executive Engineer||60,000 to 1,80,000||60,000||120k to 150k (The CTC per annum would be higher than 15 Lakh)|
|National Thermal Power Corporation Limited (NTPC)||Executive Trainee|
|Bharat Petroleum Corporation Limited (BPCL)||Management Trainees|
|Hindustan Petroleum Corporation Limited (HPCL)||Officers|
|Indian Oil Corporation Limited (IOCL)||Engineers/Officers|
|Oil India Limited (OIL)||Executive Trainees|
|Gas Authority of India Limited (GAIL)||Graduate Trainees (GTs)|
|Power Grid Corporation of India Limited (PGCIL)||Executive Trainee|
|Bharat Heavy Electricals Limited (BHEL)||Engineer Trainee|
|Engineers India Limited (EIL)||Engineer/Officer|
|National Aluminium Company Limited (NALCO)||Graduate Engineer|
|Power System Operation Corporation Limited (POSOCO)||Excutive Trainee|
|Neyveli Lignite Corporation Limited (NLC)||Graduate Executive Trainee||50,000 to160,000||50,000||100k to 120k ( Here to Cost to Company would be more than 12 Lakh)|
|Coal India Limited (CIL)||Management Trainees|
|National Hydroelectric Power Corporation(NHPC)||Graduate Engineers|
|Hindustan Aeronautics Limited (HAL)||Management Trainee||40,000 to 1,40,000||40,000||80k to 100k (The Package for these CPSEs would be greater than 10 Lakh per year.)|
|Mazagon Dock Shipbuilders Limited (MDL)||Graduate Trainees|
|National Buildings Construction Corporation Limited (NBCC)||Management Trainee|
|Bharat Electronics Limited (BEL)||Deputy Engineer|
|Telecommunication Consultants of India Limited (TCIL)||Engineer|
|Bharat Broadband Network Limited (BBNL)||Executive Trainee|
|Bharat Earth Movers Limited (BEML)||Management Trainee|
|Airport Authority of India (AAI)||Junior Executive|
|Dredging Corporation of India (DCI)||Assistant Manager|
|Railtel Corporation of India||Deputy Manager|
Above table shows the Gross earnings (Do not embody the HRA & Performance connected pay) of recently appointed executives in Government firms once implementation of 3rd PRC with a condition that the PSU ought to meet the affordability criteria. This doesn’t embody HRA, travel allowances, Medical advantages, LTC, Computer/Laptop, performance connected pay etc. thus most of PSUs that are giving 60000 basic pay from appointment, their total gross earnings are going to be above one lakh per month. These allowances also are varied from company to company also because the cadre of executives. It means that these are additional for group A cadre less for group B cadre.
House Rent Allowances (HRA):
As per Government rules, HRA depends on the place of posting also as the basic pay of an worker. It varies from 8 percent to 24 percent of basic pay in step with the town of the posting. If you are taking company accommodation, then you’re not eligible for HRA.
Cadre of an executive:
It’s important issue that decides your future career, salary, facilities & allowances in any government company. On the enlisting publicity, CPSEs don’t mention regarding the cadre of an government however cadre is employed internally altogether CPSEs for providing facilities, allowances & promotions. There are four kinds of classification of workers in central government departments group A, B, C & D whereas in CPSEs solely government & non-executives are there. As all of those CPSEs are regenerate from Central section to PSU thus there’s a powerful relationship between teams A, B, C & D and government & non-executive of CPSEs.
So the CPSEs that recruits contemporary graduates on blood group cadre, they supply best facilities and allowances to their blood group workers. Do bear in mind before applying for PSU job, You want to check the cadre of vacancy notified. Here I even have mentioned the cadre of recently appointed executives in second last column.
CPSU cadre Hierarchy:
CPSU cadre hierarchy ensures time certain purposeful promotion in Government firms. Several prime corporations have enforced an equivalent for his or her engineering graduates. Because of this executives get first purposeful promotion in exactly finishing three years of service. In PSUs wherever it’s not been enforced however, their govt gets delayed purposeful promotion sometimes when completion of five to fifteen years of service.
It additionally indicates that on that level a graduate engineer might reach. It’s a direct relationship with the cadre of executives i.e. A or B. totally different cadre CPSU cadre hierarchy rules are different. It additionally means there are completely different rules for group B cadre executives & separate for group A cadre workers. Thus Graduate engineer recruited on group A cadre might reach to prime posts (higher or prime management posts) of the corporate, whereas those appointed on group B cadre will go up to lower management level.