To regain the lost glory of our governmental organisations, the policies on compensation and manpower planning have to be completely revamped...
Since the time of economic liberalisation, the Indian policy makers have been suffering a strange dilemma. As we all know, economic liberalisation was never a choice – so, if on one hand, policy makers have been unwillingly advocating the principles of free market, on the other, wherever they could, they willingly stuck to their age old legacy of control. Ergo, if the private sector enjoyed semi-liberal economic policies, public enterprises got completely stifled. In fact, the biggest loser of this policy hypocrisy has been none other than government run institutions and enterprises. They have suffered relentlessly on all fronts, but suffered the most on account of neglect of the most critical resource of any successful enterprise i.e. the human resource. My argument stems from the fact that in today’s world, the success and failure of any enterprise (particularly a business one) is in its people. And the manner in which this all-important resource has been treated in any governmental ...