Identify the type of Public Sector Enterprises in the following statements:
a) These are established under an act of Parliament.
b) Where national security is concerned, this form is the most appropriate.
c) This enterprise is insensitive to general public needs.
d) These enterprises can collaborate with the private enterprises conveniently to avail their
expertise.
e) These enterprises have its own rules of recruitment and remuneration for its staff.
Answers
Answer:
a)Statutory corporation refers to public enterprise which is created by a special Act of Parliament or State Legislature. which provides for its management and methods of running them,their powers and privileges are determined and their relation with government departments are specified.
b)In public sector the most suitable form is the stable form when the national security is concerned because it helps in securing the sector fully and keeping everything confidential.
c) --------
d)Merits of Government Company:-
The government companies can avail & accommodate managerial skill, technical know-how or expertise of the private enterprise of the private enterprise by conveniently collaborating with it.
e) Remuneration will include: salary, fee, bonus, wage, gratuity, pension, leave encashment, emolument, voluntary award, commission, annuity, stipend, overtime, superannuation allowance, retirement allowance, lump sum benefit payment, director's remuneration, etc.
The main objective of recruitment and selection is fairly obvious: to hire the most-qualified candidate to fill an available position. Additional objectives include: Creating a large talent pool of candidates to ensure the organization can hire the best employee.
I Hope it is use full.