Are you a full-time employee or a part-time one? Or do you have some of both? Well, setting the thin line between full-time and part-time jobs is important to secure the benefits. Read the full article to learn about full-time vs. part-time benefits and which one suits you better?
Employment trends shifted significantly over the past couple of years. The global pandemic has influenced every aspect of our lives, and it did not have pity on the work culture or the job market either. During the pandemic, employees were exposed to new primacies. Some even switch to part-time employment to spend more time with their families. The remote work culture also opened new doors in the job market for them, which bailed them out of four walls.
Every business is now offering full-time and part-time jobs considering the nature and need of a particular job description. However, knowing the difference between these two jobs and their benefits, it’s important for you to know the various laws. These laws determine the benefits attached to part-time and full-time jobs and how they affect the employer and the employee. Let’s read more to know the basic difference between full-time and part-time jobs and their benefits to help you make an informed decision about your employment.
The Difference Between Part-Time and Full-Time Employment
The major difference between part-time vs. full-time jobs is the working hours. Part-time employees work fewer hours than full-time hours. Usually, full-time employees must work 40 hours per week and part-time employees work a maximum of 30 hours per week. We may not witnessed any specific law until now that creates a distinction between full-time and part-time jobs. However, an employer must be careful while defining the working hours and benefits attached to these two as any other violation of employees’ privileges could lead to trouble.
Part-Time vs. Full-Time Benefits: What Should An Employer Offer
Over the past couple of years, employers realized that part-time and full-time employees have equal importance to their businesses. Whereas, change is inevitable yet not easy to absorb. Therefore, we may still find employees who are not a huge fan of part-time jobs or remote jobs and prefers to work in offices as full-time employee. This difference of opinion created a strange yet fruitful balance in the job market. So, without further delay, let’s help you identify the part-time vs. full-time benefits, and leave the decision to your ideology.
With employers increasingly hiring more part-time workers and fewer full-time staffers, many in the workforce are considering the viability of part-time employment. Well, if you are looking for a part-time job, you must be curious to know about the benefits. You must think, do part-time employees get benefits? Honestly speaking, it entirely depends on your employer. The employer can not violate the basic employee’s rights, nevertheless type of benefits your employer offer is entirely his choice.
Your employer may only want to only offer lawful basic benefits if you are working in the US, such as worker’s compensation insurance, social security, or short-term disability insurance, depending on the state you live in. Here are a few benefits that your employer may offer you if you intend to work as a part-time employee.
More Free Time To Pursue Side Projects
The biggest benefit of working part-time is excess time that you can utilize to perform your other tasks or take upon other projects or spend some quality time with your friends and family. We are living in an era, where skill matters even if you do not have a proper degree. (We are in no way discouraging educational credentials). However, if you have skills, you can work a part-time office-based job and earn some financial stability while pursuing your side projects.
Easier To Gain Experience
Part-time employees can explore new opportunities without needing a lot of prior experience, and they can look for the right company culture without promising to a full-time contract. Moreover, a part-time job can also help individuals gain experience and training in fields unfamiliar to them. In the current situation, an employer who may be hesitant to hire a less-experienced person on a full-time basis may be motivated to hire a candidate on a part-time basis. If you express a strong desire to learn and help the employer flourish the business.
Create Networking Opportunities
Part-time jobs are the best source of starting their career at an early stage and earning. We live in the digital era, where finding part-time jobs either remote or office-based is not a difficult task. Working part-time employee for students in any organization helps them make new friends and meet people from all walks of life. Socializing and meeting the right people may even result in a full-time job after they graduate.
Less Stress, Better Flexibility
Full-time jobs can be draining at times. If you’re under nonstop stress, your health will suffer. Immeasurable studies have already proven that stress is a big inducing factor that leads to anxiety and depression. Moreover, stress leads you to a state of constant unhappiness that could last for a long time.
Part-time jobs can reduce the amount of stress in your life because you may not be given the same level of responsibility and you’re able to create a better work/life balance. You work less, so you can enjoy your venture without having to carry a work burden all the time. However, this does not indicate that you don’t have to develop a professional presence at work. You must maximize your time in the office and shape a durable relationship with your colleagues. Moreover, if you have excellent skills, you can earn more than a full-time employee.
While part-time jobs have perks that fit the current post-pandemic situation, full-time jobs have their own benefits. Full-time employees generally have a stable source of income and work 40 hours per week. Although no full-time job is risk-free now due to covid-19, some people prefer to work as full-time employees considering the benefits mentioned next.
Most full-time employees earn well, especially in a well-reputed corporate company. In a country like Pakistan, people only find government jobs as reliable full-time jobs. However, the corporate sector also offers nice full-time jobs with equal benefits including medical benefits. Full-time employees have generally fixed salaries and are paid weekly or biweekly or monthly. You will receive the same amount of paycheck for the total hours of work. A regular income check means that you know how much to expect in your bank account monthly and can have better financial plans. Full-time employees also receive more than part-time employees due to having more specialized skills.
Insurance is the essential and noteworthy benefit of full-time employment. Full-time employees receive insurance on behalf of their employer in both government and corporate sectors. Most employers offer their employees medical benefits and insurance plans, which cover major life problems. Depending on the employment type and company, you may receive a company discount or pay in full. Besides helping cover medical expenses, insurance coverage can also help when unexpected circumstances occur, such as a short-term disability.
People prefer full-time employment due to benefit of retirement plans. If you are in the government sector, you will receive a monthly pension as well along with a retirement payment. However, the corporate sector also offers some plans such as provident funds and gratuity to its full-time employees. These monetary benefits are the biggest source of income for employees in unforeseen times.
In the present era, there is no right or wrong. People work as they like and prefer. The important factor that affects the employment type is the nature of the job, remuneration, time flexibility, and skill. If you have skills, which are in high demand according to industry requirements, you can earn millions within a short span of time. Due to covid-19, people have changed their perspectives and a huge shift in the job market has been witnessed towards part-time jobs. However, there are several part-time vs. full-time benefits that you can identify to make an informed decision.