What are the best PSUs in terms of salary, benefits, and work-life balance for the civil engineer?

Updated on : December 8, 2021 by Evan Jenkins



What are the best PSUs in terms of salary, benefits, and work-life balance for the civil engineer?

Any power supply, not being built.

Those who need civil engineers only for the maintenance of their facilities.

Thanks for the response request Josh Gwin, MBA!

This question is difficult to answer because it depends heavily on a few things, namely:

  • How much money are you willing to live on?
  • How much risk are you willing to take?
  • What is your definition of a good work-life balance?
  • What is your definition of work?
  • what is your level of education?

For example, what about the CEO who loves to revolutionize the world with his new technology and has no problem working 14 hours a day, 7 days a week?

OR

What about the surf instructor making $ 30,000 who is very happy with his life and only works 4 hours a day?

OR

The coll

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Thanks for the response request Josh Gwin, MBA!

This question is difficult to answer because it depends heavily on a few things, namely:

  • How much money are you willing to live on?
  • How much risk are you willing to take?
  • What is your definition of a good work-life balance?
  • What is your definition of work?
  • what is your level of education?

For example, what about the CEO who loves to revolutionize the world with his new technology and has no problem working 14 hours a day, 7 days a week?

OR

What about the surf instructor making $ 30,000 who is very happy with his life and only works 4 hours a day?

OR

The college student who works an hour part-time, while attending classes, and is creating a blog on the sidelines. You used to work 16 hours a day for 4 years, but now you only need to work 4 hours a week while traveling the world living off the income of the mature blog?


I'm going to assume that you want to earn the average American salary of $ 60,000 / year or more, and you only want to work a maximum of 8 hours a day. I'll also assume that you don't want to deal with extensive travel. Keep in mind that not putting in extra hours will likely prevent you from moving up the corporate ladder, and additional education can go a long way.

Here are some options:

Accountant

Business analyst

Medical assistant

Personal trainer

Event planner

Medical writer

Wellness Program Manager

Software engineer

Speech-language pathologist

Nurse

Psychologist

Chiropractor

Occupational therapist

Audiologist

Pharmacist

Dentist


If you are interested, you can join my Facebook group to learn more about resumes, interviews and to find the job you deserve.

All PSUs are somewhat similar to each other in terms of salary and benefits. There are a few other factors that you might consider when joining. For Chemical Engineers, most vacancies come in IOCL, BPCL, HPCL, ONGC (starting next year), GAIL. Another good company is EIL, but it does its own test.

IOCL, BPCL and HPCL are Petroleum Trading Companies (OMC). ONGC is dedicated to exploration and GAIL is the gas processing and distribution business.

1. Location: In OMCs, your chances of being released in a refinery are high. BPC has its refineries in Kochi and Mumbai. HPCL has in Mumbai and Vizag. IOCL has ref

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All PSUs are somewhat similar to each other in terms of salary and benefits. There are a few other factors that you might consider when joining. For Chemical Engineers, most vacancies come in IOCL, BPCL, HPCL, ONGC (starting next year), GAIL. Another good company is EIL, but it does its own test.

IOCL, BPCL and HPCL are Petroleum Trading Companies (OMC). ONGC is dedicated to exploration and GAIL is the gas processing and distribution business.

1. Location: In OMCs, your chances of being released in a refinery are high. BPC has its refineries in Kochi and Mumbai. HPCL has in Mumbai and Vizag. IOCL has refineries in North, East and West India. Location may not seem very important, but it can be very frustrating to get posted too far from your hometown. GAIL usually publishes in Noida or Patta, near Kanpur. ONGC can send you far in the Northeast or Bombay High. So consider your place of publication when deciding on a company.

2. Nature of the work - In the refineries it will come in shifts, on Sundays and national holidays. In marketing, your work hours will be flexible but not in your favor. Suppose they post it on Bombay High, then obviously you have to stay on it for 15 days or so. Therefore, confirm with the placement officials what type of work they are offering.

3. Your future plans: If you want to continue in this field, my personal advice would be to enter a refinery. You will learn a lot there. If you want to get an MBA, you may want to get into marketing rather than refining it. The OMCs have good marketing departments, but again you need to check with the officials if they consider chemical engineers for that.

4. Maharatna state: Some people may tell you to join a company because you have a Maharatna or Navratna state. It sucks, don't believe that. You will be assigned an officer / administration trainee. Your job profile will be almost the same, your salary and your package will be almost the same.

Source: I work in one of the companies mentioned.

It depends on the profile you are in and, most importantly, whether you enjoy your current responsibilities or not. It would also depend on your ambitions and basically what you want to achieve. As for opportunities, the world is open to you.

I would try to list some of the obvious verticals:

1. Higher studies. M.tech/ MS or MBA.

2. The salary and benefits in the private sector for someone with 2 years of experience generally does not match what they should be receiving now, especially with the 7th pay commission just around the corner. So it is a trade-off. If you're willing to step out of your comfort zone, you shouldn't

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It depends on the profile you are in and, most importantly, whether you enjoy your current responsibilities or not. It would also depend on your ambitions and basically what you want to achieve. As for opportunities, the world is open to you.

I would try to list some of the obvious verticals:

1. Higher studies. M.tech/ MS or MBA.

2. The salary and benefits in the private sector for someone with 2 years of experience generally does not match what they should be receiving now, especially with the 7th pay commission just around the corner. So that's a trade-off ... If you're willing to step out of your comfort zone, you shouldn't stay any longer. Because the first years are the time to learn. At psus, job profiles are mainly one-dimensional. If you are on an oil feed source, you are probably dealing with maintenance or most refinery projects. You don't know anything about a power station or a bridge and vice versa.
Stay longer and your experience will become one-dimensional. In which case, you'd better walk away as an expert in the field with over 10-15 years of experience! And power supplies are good for that, which is your next option.

3. Stay at your job but don't get too comfortable. Stay up-to-date with technology and trends. Basically enjoy what you are doing and do it well.

4. MBA as mentioned above opens the world for you in case you are done with civil engineering! Marketing finance operations ecom consulting ... the list is endless!

5. Project management / construction management are other areas of expertise that you can pursue in case you want to continue. Pmp certifications are very helpful. and power supplies are great places to get them due to the lower workload (been there!)

6. I have friends who are now SP and DM because they put their free time to good use.

So, my friend, you have all the options in the world. Choose wisely.
All the best.

I joined a PSU after working at Tata Consultancy Services for 3 years.

My first salary after joining PSU

That was in October 2013 and I was sent to the Northeast. If you can see, there is no HRA as they provided me with accommodation.

Now my current salary is mentioned below (I am currently in New Delhi)

I am also not getting HRA here as I have been provided with company rented accommodation.

Now we go to the second part of your question.

Did the power supply give you a house to live in?

Well, in my previous organization, which was also a PSU, I have been provided with Bachelor Accommodation.

Now here in Delhi, no

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I joined a PSU after working at Tata Consultancy Services for 3 years.

My first salary after joining PSU

That was in October 2013 and I was sent to the Northeast. If you can see, there is no HRA as they provided me with accommodation.

Now my current salary is mentioned below (I am currently in New Delhi)

I am also not getting HRA here as I have been provided with company rented accommodation.

Now we go to the second part of your question.

Did the power supply give you a house to live in?

Well, in my previous organization, which was also a PSU, I have been provided with Bachelor Accommodation.

Now here in Delhi, they don't have residential neighborhoods. So I get a company rented accommodation. So directly they have not given me a house to live in, but indirectly they have given me enough to find a house of my choice and live in it.

Hope this answers your question precisely.

Edit-1 - As someone asked about rented accommodation. So I'm elaborating it to a degree.

The business lease is the amount that the business gives directly to the lessor. So technically, you don't pay the rent, it is paid by the company. The lease is between the business and the landlord and you only have one mention as a tenant in that lease.

The amount of the lease would depend on your scale and type of city. It is basically 45%, 35% and 25% for cities of class X, Y and Z, respectively, of the upper basic level of the salary scale.

Let me tell you some points to clarify your doubts.

1.) Most PSUs do not require M.Tech or give any financial advantage to any Institute brand.
2.) Power supplies are not for brainstorming or testing one's warmth. It is a place of team work, team responsibility and average salary.
3.) Take-home salaries are different from package or cost from company salary definitions.
4.) Mid-level inputs are difficult let alone on PSUs. So you need to test for entry level only (via proficiency exams and vacancy declaration)
5.) PSUs are classified into Maharatna, Navratna, Minir

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Let me tell you some points to clarify your doubts.

1.) Most PSUs do not require M.Tech or give any financial advantage to any Institute brand.
2.) Power supplies are not for brainstorming or testing one's warmth. It is a place of team work, team responsibility and average salary.
3.) Take-home salaries are different from package or cost from company salary definitions.
4.) Mid-level inputs are difficult let alone on PSUs. So you need to test for entry level only (via proficiency exams and vacancy declaration)
5.) PSUs are ranked in Maharatna, Navratna, Miniratna based on their financial profitability.
6.) The Maharatna companies are:

a) Bharat Heavy Electricals Limited
b) Coal India Limited
c) GAIL (India) Limited
d) Indian Oil Corporation Limited
e) NTPC Limited
f) Oil & Natural Gas Corporation Limited
g) Steel Authority of India Limited

7.) Salary in PSU has Basic payment + DA + Benefits + HRA / Quarterly accommodation + Medical facilities + CPF (The company pays the same amount to its contribution to the PF fund) + Tip + annual PRP (Bonus) depending on the performance of the company, unit and their classifications.

8.)

RATING SCALE (EXECUTIVES)

E9 62000-3% -80000
E8 51 300-3% -73000
E7 51 300-3% -73000
E6 51 300-3% -73000
E5 43200-3% -66000
E4 36600-3% - 62000
E3 32900-3% -58000
E2 24900-3% -50500
E1 20600-3% -46500

9.) The current industrial DA is around 91%.

10.) The benefits will be around 46% of the basic salary.

11.) Company
-owned accommodation is provided wherever
municipalities are located. The type of trimester depends on the
grade and the seniority. Employees residing in their own home
may make use of the rental facilities on their own within the prescribed maximum rental limits.
Monthly repossession is for
company-owned and leased accommodations, which is dependent on area of ​​carpet and
location. Employees staying in rented accommodation are
paid HRA based on the
government- notified city classification :

30% of the basic salary, if published in Mumbai, Delhi, Kolkata and
Chennai, 25% of the basic salary, if published in other cities of class 'A'. 22-1
/ 2% of basic salary, if published in B-1 class cities. 17-1 / 2% of
the basic salary, if published in class B-2 cities. 15% of basic salary, if published in C
and unclassified cities.

I hope you calculate accordingly and make a decision.

It depends on what your priorities are. If you are looking for serious money at any cost, be it hectic hours or an insane workload, TCS should not be your choice.

TCS, compared to other IT companies, is a bit straightforward. However, you will need to spend 9 hours at work on a regular basis, but still, compared to other IT companies, you will not kill for a weekend. Money is quite normal for an engineer. The walks are below average. There is practically nothing called benefits and perks when it comes to TCS. Even the health insurance premium is collected from your salary.

If you are cooler, I

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It depends on what your priorities are. If you are looking for serious money at any cost, be it hectic hours or an insane workload, TCS should not be your choice.

TCS, compared to other IT companies, is a bit straightforward. However, you will need to spend 9 hours at work on a regular basis, but still, compared to other IT companies, you will not kill for a weekend. Money is quite normal for an engineer. The walks are below average. There is practically nothing called benefits and perks when it comes to TCS. Even the health insurance premium is collected from your salary.

If you are cooler, you will learn a lot. You have a good chance of getting a decent job profile (eg full stack development) that will really matter a lot 5 years from now.

If you live in one of the major metropolitan cities, there is a good chance that after your Initial Apprenticeship Program, you will be sent to your base location and believe me, with the type of salary you will receive, getting your home location is a great advantage.

Gopalam had already mentioned most of the non-monthly perks. Monthly remuneration cannot be classified as Maharatna or Navratna. So this post is not for fringe benefits, iam monthly salary explains in this. To learn about the advantages of the PSU, you can refer to Himanshu Lohani's answer to What are some of the facilities that IOCL offers its engineers? https://www.quora.com/What-are-some-facilities-given-by-IOCL-to-its-engineers/answer/Himanshu-Lohani-9 For IOCL, I would like to explain more. All the information...

Continue with Quora + Unlock this answer and support creators like Himanshu Lohani by joining Quora + Start your free trial

At PSU, most prefer railroads, followed by MORTH, and R&B works. However, there are many other agencies like NHAI, NHIDCL, etc. where amazing projects are done.

Having said that, never go for money anywhere. It is the race that is important and should be important. The money will just follow if you are good at what you do. Most people lack growth opportunities simply because of a lack of experience and commitment.

Learn these basics and then the money will just rain down. Otherwise, at PSU you will also be marginalized and expelled from work. PSU are truly the pride of the country

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At PSU, most prefer railroads, followed by MORTH, and R&B works. However, there are many other agencies like NHAI, NHIDCL, etc. where amazing projects are done.

Having said that, never go for money anywhere. It is the race that is important and should be important. The money will just follow if you are good at what you do. Most people lack growth opportunities simply because of a lack of experience and commitment.

Learn these basics and then the money will just rain down. Otherwise, at PSU you will also be marginalized and expelled from work. The USPs are really proud of the country as they spend billions of rupees. I work in a private company, but I have seen that it is a great career at PSU, but lack of flexibility and a lot of adjustments are required. One will enjoy after 20 years of service.

This question runs through every GATE applicant's head countless times. I was not the exception, until I found the answer.

Generally, the best PSUS (Maharatna) pay more. Their pay structures are similar, with just a few hundred / thousand rupees difference in some minor benefits. Almost all provide free medical benefits.

Navratna PSUs can pay slightly less than Maharatna PSUs; Mini-rats pay even less.

However, regarding which PSU to join, that is an answer for another question. But if you choose a power source based on slightly higher profits, I'm sure you're a jerk.

The entry-level pay scale is the same at all higher psu (60000-180000). Basic pay, DA, HRA, Cafeteria is the same at all higher psu. The difference is fringe benefits and performance-related pay only. Mainly, the oil sector and the energy sector, PSU, offer the best payment packages.

1.NGC

2.IOCL / NTPC

3.BPCL / HPCL

4.PGCIL

5. ALL OTHER OIL PSU

6. ALL OTHER USP IN THE ENERGY SECTOR.

My parents and many family members are currently working in the energy and oil sector. The salary is the same in all. However, the additional benefits are higher in ONGC. IOCL and NTPC offer almost the same benefits today. Power Grid is good too. HPCL and BPCL are good too.

But the main problem is the location of the work.

Keep reading

The entry-level pay scale is the same at all higher psu (60000-180000). Basic pay, DA, HRA, Cafeteria is the same at all higher psu. The difference is fringe benefits and performance-related pay only. Mainly, the oil sector and the energy sector, PSU, offer the best payment packages.

1.NGC

2.IOCL / NTPC

3.BPCL / HPCL

4.PGCIL

5. ALL OTHER OIL PSU

6. ALL OTHER USP IN THE ENERGY SECTOR.

My parents and many family members are currently working in the energy and oil sector. The salary is the same in all. However, the additional benefits are higher in ONGC. IOCL and NTPC offer almost the same benefits today. Power Grid is good too. HPCL and BPCL are good too.

But the main problem is the location of the work. There are only very few Psu, namely PFC and POSOCO, who offer publications in the city only with a good salary.

I hope that helps

Thanks

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