PSUs can now hire talent from private sector

Cabinet gives nod to selection of candidates from SPSEs and private sector as non-internal candidates for five years for appointment in CPSEs

GN Bureau | June 2, 2016


#PSUs   #cabinet   #CPSEs   #SPSEs   #private sector   #talent  

 The central public sector enterprises (CPSEs) can now hire talented and experienced people from state public sector enterprises (SPSEs) and private sector. The union cabinet on Wednesday gave ex post facto approval to the proposal, according to the news reports.

Under the proposed amendments, candidates can be selected from the SPSEs and private sector as non-internal candidates for five years for appointment in CPSEs.
 
Another amendment pertains to holding of office by the Public Enterprises Selection Board [PESB] chairperson and members for three years from the date of assumption of charge or until they attain the age of 65 or until further orders, whichever is earlier.
 
According to the official statement, the amendments will continue to provide a wider pool of professionals for selection by allowing the candidates from SPSEs and private sector to be considered for senior positions in the CPSEs.
 
Also, it added, the move will benefit CPSEs by the skill-sets and domain expertise of those coming from the SPSEs as well the private sector. It will also ensure that the CPSE senior management gets the benefit of the perspective gained both within and outside.

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