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  • Traditional perceptions in regard to the meaning attributed to career and its management have dramatically changed in the last three decades or so. Fueled by the onslaught of the economic growth, these changes have led to developments that are as exhilarating as they are traumatic and painful. Exhilarating – because the range of opportunities from economic growth has yielded discoveries of new occupations and possibilities of meaningful contribution beyond the generally accepted age of retirement, and painful – because each step into the new world of opportunities, beyond the familiar, is a journey into the unknown attended by self doubt, encounters with the alien and a pervasive sense of being adrift and anchorless in a forbidding ocean. Career cycles have

  • Globalization has created unprecedented opportunities for growth and expansion. It has also led to greater competitive pressures as organizations compete with each other for market dominance and leadership. In the aftermath of economic reforms in India, public sector organizations have lost the comfort of a monopoly position and have increasingly been exposed to pressures of a market economy. The PSUs have responded admirably through business restructuring and focusing attention on improvements in internal capabilities and efficient deployment and utilization of resources. Several recent developments and policy initiatives, particularly in the area of incentives and rewards, do seem to suggest rising stakeholder expectations from employees, both in the magnitude of the tasks and personal accountability. Evidence from experiences in the western