The Department of Public Enterprises (DPE) plans to issue advisories to central PSUs to implement strategic HR practices in line with the changing economic and business environment, as per a top official.
The move follows a study commissioned by the Department to identify gaps in the working of the central public sector enterprises (CPSEs) and recommend measures to revitalize them.
Seema Bahuguna, Secretary in the DPE, stated in a CII conference, “Based on the recommendations of the study we propose to issue an advisory to CPSEs to implement strategic HR initiatives and develop a new HR paradigm which is consistent with recent developments in the economic, business and social environment.”
The overall net profit of all 257 operating PSUs during 2016-17 stood at Rs 1,27,602 Cr, up by 11.7% as compared to Rs 1,14,239 Cr during the previous year.
In May this year, the government of India also asked PSUs to recognize degrees and diplomas received through open and distance learning from UGS recognized universities for jobs.