An Analysis of Employee’s Perception Regarding the Impact of Corporatization: A Study of PSPCL And PSTCL

Abstract

Human resources are considered to be the main constituent of any sector and one of the significant behavioural outcomes of human resources is employee satisfaction. It is perceived that the innovation and productivity of employees only come with a higher level of job satisfaction. Humans are reluctant to accept change in their working environment; if the organization goes under structural reforms, it definitely affects the work culture of an organization. As in the case of Punjab's power sector, the structural reforms started in the year 2010, which divides the Punjab State Electricity Board into two parts: Punjab State Power Corporation Ltd (PSPCL) and Punjab State Transmission Corporation Ltd (PSTCL). The present research focuses on the perception of employees regarding the impact of corporatization upon them. For this, an adequate number of respondents from both organizations was selected proportionately depending on their respective organizations' total strength. The study shows that most employees agreed that the organization is providing them equitable pay and promotional opportunity, whether it is PSPCL or PSTCL. Out of all the factors concerned in the study, there is one factor named “satisfaction with use of skills and abilities” in which the mean score is the lowest among all factors, which represents that the majority of employees feel that management should provide more facility and opportunities to enhance their skills and abilities.