Letters: Level the playing field | Business Standard

Letters: Level the playing field | Business Standard

Please also read the following unedited version of the letter:

Infuse efficiency at the top

This refers to your editorial “Non-performing managers”(August 26). This is a balanced view of the present position of the top management of PSUs and PSBs in general. To comment on the non-performing administration in the public sector and government-owned bodies, these days, no deep research is needed. PSUs in India including Public Sector Banks have become whipping boys of government, regulators and the new generation advocates of privatization.
Government (some officials and ministers) think they are the owners of PSUs and PSBs(in a way, they are!) and use them for carrying out their agenda and for milking them dry to quench their thirst. These institutions (and government) get the private sector-rejects or retired/retiring government officials at their top who carry out the wishes of their masters in government. It is not that these organizations cannot compete with their private sector counterparts. They will outperform them, if a level playing field in terms of skill, technology, opportunities and autonomy in management (including freedom in managing HR) is assured.
But, to make this possible, the selection procedure, at least from middle-management level and  compensation package will need an overhaul. Career progression with appropriate provision for inter-mobility within the organization and at higher levels within the sector will have to be planned with the ideal age profiles at various levels and the need for a minimum tenure of 5 years at the top, for those who reach that level.
M G Warrier, Mumbai


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