Continued from the last article ...

Please read the earlier parts for continuity.

If you are a first time reader, you are requested to go through the earlier articles for better understanding and continuity. The blog articles are mainly focused on educating/ understanding the benefits available in Govt R&D Institution since the opportunities outside is tempting and looks far better than what is offered in these organization.

The earlier article dealt with the job risk and the job market outside works as per the market cycle and the cycle has its own ups and downs. Further the industries has cycles and sometimes the industry which is famous may become defunct after some times. In the middle of last decade the textile industry was the largest employer and there were lot of textile mills in Bombay and lot of people were employed there. Now what is the condition of those mills? Now they are closed and the land is auctioned at hundreds of crore for building complexes, malls etc. The companies and brands in textiles like Bombay dyeing , Vimal were gone ( now reliance has re-launched the Vimal brand ) and TV segment leader of yesteryears BPL TV has gone and that place is taken over by LG ,SAMSUNG etc. The good old ambassador, fiat cars were out and replaced by new car companies and new models. These all happened with in a period of 40 – 50 years. There are daily market news about new stock entering in to SENSEX, Nifty and Pushing outside the other stock which has fallen out. Nobody would have forgotten the Tech crash of 2001 and the employees were given march orders abruptly. The rupee rise coupled with removal quota in WTO regime made many garment companies feeling the pinch and many employees were being thrown out. The US housing sub-prime crisis has lead many foreign banks and financial companies to bankruptcy and job cuts and we do not know their impact in India. The rupee rise is giving sleepless nights to IT/ITES companies. Anything may happen any time and nothing is certain. Have any one wondered what is the plight of those employees? People have very little memory and everything is forgotten.

The working life of a person stretches to 30 or odd years and one do not know the uncertainties. The person who is in a secured life in Govt dept with the assured pension should evaluate all these factors .If you had read the earlier articles the pay of these R&D institution's engineers/scientists are not as bad as it is portrayed. The articles tries to provide a insight into the benefits of Govt service in terms of monetary benefits, pensionary benefits, the so called new concept floated by the builders " Walk to Work" which is readily available in the form of accommodation inside the campuses, study leave to pursue a higher education , sabbatical leave to work in industry, profit sharing on invention etc.

Individual is responsible for his actions and the only point is he is taking informed decisions taking into consideration all the facts .

I request you to offer your comments.