MN7181-Should we work part-time, temporary or permanent?-Blog 05

In today's society, there is a growing trend where people not interested in traditional full-time job. Now most employers are open to flexible work ideas.
Well, what options are available, what are their meanings and how do you know which option suits you best?

(Figure 1: Pros and Cons of Hiring a Full-time Employee vs. a Freelancer)

Part-time

Part time is that you usually work fewer days or fewer hours.
Pros:
• Less time at work allows you to spend more time with family and friends, especially if you have older children or family members.
• If considering a career change, working part-time in various roles allows you to dip you toe in the water to see which path is right for you.
• You can study or do vocational training and make money at the same time.
Cons:
• You will usually get a lower income. Can you lower your income and live comfortably?
• Part-time workers generally have less responsibilities, influence and power than full-time workers.

It is very difficult to move from a permanent job to a full-time company and you will need to convince your employer that you can still produce efficient work.
On the flip side, if you are having trouble finding a permanent position, part-time positioning gives you the role of full-time if you prove that you are essential to the business.

Temporary

Also known as ‘Contract' or ‘Freelance', this could mean working for as little as one day or for as long as a few years for an employer. The real difference is that you have a definite end date for your employment period.
It could be known as a "contracted" or “Freelance “to hire an employer for a day or less. The real difference is that you have a definite end date for your employment period.
When there is economic uncertainty, companies often take on temporary jobs rather than putting them on permanent contracts. This allows for much smaller, variable structures without the high cost of redundancy; at the same time, temporary contracts are not renewed.

Pros:
• If you are only employed for a little period of time, you can escape the office politics.
• It's an ideal way to earn some extra cash for a short period of time.
• You can test out different roles.

Cons:
• Irregular work.
• Temporary workers have very few rights and this can leave you in a difficult situation when it comes to sick leave and holiday pay.

Permanent

"Honest day's pay for an honest day's work." They're extremely loyal and enjoy being respected for that. Since they're conformists, they value most job titles and money (Rampton, 2017).

Employees are often on fixed contracts and as good as protection or employer because they are employees.

Pros:
• Security Financial security. You know a certain amount of money is paid to you each month, so you can budget effectively.
• Career opportunities are more accessible and you will set goals as part of your mission.
• Overall, you will have a greater sense of job satisfaction when you join your team and make long-term friendships with colleagues.

Cons:
• Work-life balance. Friends, family and other commitments may be affected by working long hours for an employer.
• Many people become frustrated by a lack of change and the same commute, the same four walls and the same colleagues every day can be a grind.
• Many people are frustrated by the lack of change and with the same movement.

(Video 1: Do you know the difference between Full Time, Part Time & Casual employment?)

Reference

• Rampton,J.(2017). Different Motivations for Different Generations of Workers: Boomers, Gen X, Millennials, and Gen Z', Available at https://www.inc.com/john-rampton/different-motivations-for-different-generations-of-workers-boomers-gen-x-millennials-gen-z.html[Accessed 18 September 2019].

• Figure 1: Aileensoul, (2019) Hiring hacks Pros and Cons of Hiring a Full-time Employee vs. a Freelancer, [Online] Available at : https://www.aileensoul.com/blog/pros-and-cons-of-hiring-a-full-time-employee-vs-a-freelancer [Accessed 18 September 2019]. 

• Video 1: Do you know the difference between Full Time, Part Time & Casual employment?. [Online] Available at:  https://www.youtube.com/watch?v=qw5UdDEEszY [Accessed 18 September 2019].