Talent pool for PSU top jobs widened

The government today decided to allow private sector employees to apply for top management jobs in PSU companies like Indian Oil, NTPC and SAIL.

Private sector executives who meet the eligibility criteria for top-level management positions for which the Public Enterprises Selection Board (PESB) conducts selections, will be considered as "non-internal" candidates. Most board-level appointments in PSUs have a five-year tenure.

The Union Cabinet, which met here today, also decided that candidates from state-owned PSUs will be allowed to apply for jobs with central undertakings.

This will require an amendment to the resolution of March 3, 1987 constituting the PESB. The Department of Personnel and Training will lay down the modalities for such recruitments. The existing selection policy covers only candidates from the central PSUs.

"The amendment will make available the best talent to central PSUs, which is necessary in the present liberalised economic scenario," a government release said.