Employee Perception towards VRS: A Comparative Study of ITI and BHEL


  • Dr. Enid Masih Assistant Professor, Joseph School of Business Studies SHIATS, Allahabad, India.
  • Dr. Nishi Tripathi Assistant Professor, Dept of Psychology, SHIATS, Allahabad, India.


Voluntary Retirements Scheme, employee perception, Downsizing, Golden hand shake and public sector units.


The aim of this study is to find out about the employee’s perception about Voluntary Retirement Scheme and their work-life in public sector companies which were established as the backbone for the progress of the country. The two companies taken for the study are Indian Telephone industries and Bharat Heavy Electricals Limited. The two giants on which laid the great responsibility to develop the economy and to develop the demography where they are placed. From broader view one can find many similarities in these two companies. But when we take a narrow view two companies rarely seems different as one is the part of Navratna and another is loss making unit”. The two companies also differ in their style of perceiving different objectives


An overview of Performance of Industrial Sectors PSEs under the Department of Heavy Industries (www.department of heavy industry)

Barse (DEC 2000) “Implication of voluntary retirement scheme “A study of Mumbai” Economic &Political weekly Volume XXXXVI No 52.

B.P Guha (1996) Voluntary Retirement “Problems and prospects of rehabilitation. Shri Ram center for Industrial relation and HR Page 223.

Davidson Walace, N .W Danl and f. Jeremy B (1996) “Early Retirement programs and Firm performance ” Academic Management Journal l VOl 39 No 4 pp 970 -984.

Datta, Ramesh (2001) “Life After VRS some plain truth” Indian Journal of labour economics VOl 44 No 3 pp 475 -494.

Dutha ,Abijit (1995) “ Workers buy out –An Indian Experience” Management and labour studies (Vol 20(4) pp 233-238.

Dileep Kumar M. (1974) Impact of Downsizing on 'Retainers' Behavior-A Study with Specific Reference to Longer and Shorter Years of Service Members.

Gupta B.P – (1996) Voluntary Retirement Scheme in Indian Industries Indian Journal of labour economics Vol 31.

K Vishwanath Bhat, Ananth (2002) Manpower Utilization of Voluntary Retirement Services Optees for Rural Costal in Karnataka

Mehrothra Rajan (2001) “Long and short of VRS” Indian Journal of labour economics Management Review VOl 26 pp 19-22.

Michael(2001) “The legal challenges with respect to targeted and voluntary redundancy Schemes” Manpower journal volume XXXVII No 2 &3 Page 57-70.

Muraleedharan K.P (1996) “Implementation of voluntary Retirement Scheme” – Indian Journal of labour economics VOl 37 .No 2 pp 278 -280.

Suri R.k Poonam (2003) “An analysis of reasons for voluntary retirement” Delhi business Review vol 4 NO 1 () pp 93-97.




How to Cite

Dr. Enid Masih, & Dr. Nishi Tripathi. (2022). Employee Perception towards VRS: A Comparative Study of ITI and BHEL. Indian Journal of Commerce and Management Studies, 4(1), 33–37. Retrieved from https://ijcms.in/index.php/ijcms/article/view/508