Bharat Heavy Electricals Ltd (BHEL), which has been
hiring over 4,000 youngsters every year since the last five years mainly from the engineering stream, will be recruiting only 2,200 freshers at the most this year.
BHEL director (human resources) R. Krishnan told
Mail Today that the target for increasing its workforce to the current level of 49,000 employees for meeting expansion plans of the bluechip firm had been fulfiled with the hiring of 20,000 employees over the last five years. As many as 4,771 freshers were recruited in the year ended March 31, 2012.
Krishnan said, "About 2,000 BHEL employees retire every year and recruitment would be undertaken to fill these slots this year as well. Moreover, the hiring could rise by up to 10 per cent depending on the growth rate of the power sector."
BHEL made a capital investment of Rs 6,246 crore in the last five years for expanding and modernising its manufacturing capacity. The firm has enhanced its annual capacity for producing power plant equipment during this period from a mere 6,000 MW to 20,000 MW and is also increasingly going for engineering project contracts in the power sector. Accordingly, hiring also had to be stepped up to operate these new facilities.
Krishnan disclosed that the attrition rate in BHEL was 0.4 per cent compared with five to 10 per cent in private sector corporate, where more executives tend to switch jobs.
While private sector firms offer higher salaries, it is job security in public sector firms together with the work atmosphere that attracts talent.
In the case of ONGC, several senior employees who were lured by private sector oil firms with the offer of fatter pay cheques came back to the public sector upstream giant as they did not feel comfortable with their bosses.
Courtesy: Mail Today
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