Letters: Level the playing field | Business Standard
Letters: Level the playing field | Business Standard
Please also read the following unedited version of the letter:
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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