Outlined risks and benefits of Permanent and Temporary job to assist you in selecting the right job.
Applying for a suitable job type can be very confusing, most employees often go in for a job and end up confused or stranded because the job activities, duties and schedules do not match their personal life activities.
Below are carefully outlined advantages (PROS) and disadvantages (CONS) that will assist you in making the perfect choice.
- Pro: Skill Development
Temporary work might help you figure out your career goals and interests if you’re undecided. Temporary assignments allow comes with job flexibility and exposure as well as the opportunity to learn and develop new skills. According to the Bureau of Labor Statistics, 66% of temporary workers learned new skills while on the job. Developing new talents and gaining new experiences may improve your chances of landing a new job or a full-time position. Temporary workers might also benefit from networking possibilities with the companies for which they work for.
- Pro: Flexibility
One of the benefits of temporary employment is its flexibility. If you don’t like a job role, you can switch to another once it’s completed. Temporary work does not require the same amount of dedication as a full-time career. It’s a lot easier to switch jobs and decide how you want to work. Temporary employment firms will usually inform you of potential positions that fit your qualifications and interests.
- Con: Lack of Security
Temporary work does not provide long-term job security. There may be a fluctuation in the quantity of available assignments and pay rates. This makes budgeting and planning for spending tough. Due to a lack of security, you may be forced to accept assignments that you dislike. You may find yourself doing assignments that are unrelated to your job ambitions in order to pay the bills. Temporary employees may be viewed as disposable by employers. Supervisors may fail to offer you with the necessary feedback to help you improve your performance.
- Con: Limited Benefits
Regular temporary workers may be eligible for benefits through some employment agencies, although these benefits may not be as comprehensive as those provided by a permanent employer. According to the Bureau of Labor Statistics, the majority of temporary workers do not have access to health insurance, paid time off, or retirement plans. Because you don’t have a constant, predictable wage, the expense of obtaining medical insurance on your own may be a concern. Temporary employees who do not receive vacation compensation must make up for any time off taken.
- PRO: Job security
Fixed-term contracts cannot guarantee job stability in the same way that permanent employment can. If you are employed permanently, your contract will not end on a specific date. Job security is a must for many people, especially if they have large financial responsibilities such as a mortgage.
- PRO: Possibilities for advancement in your profession
You are more likely to advance within a company and climb the corporate ladder if you have a permanent position.
- PRO: Opportunities for training and development
Working as a permanent employee at a company increases your chances of receiving or being available for additional growth opportunities, such as training days.
- PRO: Form professional connections
Permanent job allows you to form close professional relationships with your coworkers. Employees on fixed-term contracts who move roles frequently may have difficulty with this.
- CON: You may get bored
When you work in a permanent role at the same company for a long time, you may find you get bored, or that the work no longer challenges you. With a fixed-term contract, you’ll experience new surroundings and challenges at each new role.
- CON: You might become bored.
When you work in a permanent position for a long period at the same organization, you may become bored or discover that the work no longer challenges you. With a fixed-term contract, each new role will expose you to different environments and challenges.
- CON: Earning potential is limited.
You can only get so many pay raises and promotions in a permanent post per year. Furthermore, due to ‘objective rationale,’ you may be paid less than fixed-term employees at your organization.
- CON: It’s possible that your skill set will not expand.
Your skill set may grow stagnant if you work in the same capacity at the same organization for a long time. Because they are challenged at each new job, those who work in fixed-term roles frequently have more advanced skills.
- CON: You might be stuck.
The feeling of ‘being stuck’ is typical among long-term permanent employees. You don’t want to leave your job out of loyalty to the firm, but you also feel compelled to move on and broaden your horizons.
- CON: Flexibility is limited.
Permanent employment may not be the ideal option if flexibility is crucial to you. Employers expect you to work regular hours for an indeterminate period of time if you have a permanent employment.
It is entirely up to you whether or not you interview for a job, but before you do carefully analyze your personal life to ensure that the job type matches your career ambition,and personal goals.