One of the biggest expenses for any business is to pay out for is full-time employees and part-time staff. Part-time employees work for limited hours a day. They do not stick to one place for a 9 to 5 timespan. In being a full-time employee, a worker gives proper commitment to a workplace. It depends on the job role and employer in terms of what kind of a worker he/she needs. Part and full-time jobs both have their own benefits. The management needs to take the decision of hiring part, or full time employees with a careful approach. They must consider all the aspects before taking a decision. Given below are the pros and cons of full, and part-time employees. This helps you in choosing the best working option which suits your job descriptions.
Pros of Part-Time Employees
Part-time hiring is less expensive than full-time hiring. The wage is half than that of the permanent employees due to less working hours. You can hire more people with different skills to build your team. Instead of hiring one full-timer with specific skills sets, you can incorporate various skills by hiring more people. Part-time employees give significant cost cuts over full-time employees. Part-time employees also save your money in the long run. You do not pay them to work when they are not needed.
Part-time workers are more productive because they have to deliver a designated task within time. They aren’t even in the office for long. They complete their targets and leave. This shows that they are more productive than full-timers regarding specific tasks. If you find the part-time worker not performing well in a project, you can replace them with new employees. You are not bound for a long-term commitment. This is especially crucial if you are not satisfied with an employee’s work.
Part-time employees allow you to staff according to your company’s needs. An employee cannot manage every project of the company. Part-time employees give the benefit to hire employees for a specific project. This part-time approach allows you to hire the best resource for a project. You can hire someone specifically for the task. The hourly payment process is also flexible for the company through this option.
Cons of Part-Time Employees
Part-time employees can be the least dedicated towards an organisation’s goals. There’s always the risk that part-time workers are not committed to the company. They are least interested in the company’s aims. They don’t have that strong connection with a company that full-time employees do. Further, they are less loyal to the culture and values of a business as well. Part-time employees also feel like they are not a part of your staff. Most of the time, they interact the least with other employees. They do not promote your workplace because they are not loyal.
A part-timer is not available for meetings and events. Part-time workers have very limited time. They have to perform duties at a certain time and leave. Most of the time, they are not available for company meetings. Also, they do not cater to company needs after the specific working hours. Part-time workers have other jobs and commitments which raise the concern of availability for employers. Sometimes the task demands sudden working on it, and in such case, it creates a difficult situation for the employer.
Inconsistent In Tasks:
A recent dissertation research shows that lack of experience of part-time employees also leads to inconsistent work. Part-time workers are mostly students. They do not have much experience and accuracy. Every company has its own working policies. But the part-time workers fail to familiarize themselves with the company’s policies. This leads their productivity to suffer because they work with their own style. They work in an individual aspect without concerning themselves with the company rules.
Pros of Full-Time Employees
Benefits Of The Company:
Companies allow their permanent employees different perks and benefits. Most businesses give their full-time employees benefits such as childcare, education, and healthcare. It’s important to note that benefits vary from company to company. Also, the fixed salary makes process easy for both the employees and employer. Full-time employees are permanent employees of the company. Because of this reason, the company has to consider them as a priority.
Committed To Their Company:
Companies often trust more in their full-time staff to stay for managing a role in longer periods of time. They consider full-time workers more loyal because of the bonding they share. Also, the employees have a stronger level of employee loyalty. They do not switch to other options. They also stick with the company to achieve its vision through collective efforts. The dedication to their work increases the overall worth of a company.
Regular Working Schedule:
Full-time employees have proper timings that they have to follow. A 9 to 5 slot is designated for the office staff and they have to be there on time. The regular working plan makes employees smooth in their operations. Once the employees are aware of the policies and processes, it makes the work easier for them. Also, the chance of error is less when you hire full-time employees.
Cons of Full-Time Employees
High Expense On The Well-Being Of Employees:
It is expensive to hire full-time workers. Also, a single, full-time employee costs more than a part-time employee. This is because the company has to provide him/her adequate salary for the services. Keeping benefits aside, the basic salary of fixed employees is high. Full-time employees are not paid on an hourly basis. Also, the refreshments and benefits entail a high cost in full-time hiring. There are extra costs under the benefits section that a company has to pay as well.
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Employee Development Concerns:
Full-time employees need training sessions with time to become experts in relevant tasks. If the company overlooks this aspect, errors start rising. Training of a large workforce is also a complex task for the managers. Full-time employees hired on permanent terms need the right training to excel in their tasks. If employees are not given proper training, their projects will become obsolete in the end. The training needs a huge cost too.