A long-term, full-time job can be both beneficial and detrimental. It can give you a sense of safety and provide opportunities to advance in an organisation, but it can also stop growth, prevent you from learning new skills or experiencing new trades in the workforce; which is one of the reasons why people are changing jobs more than ever before.
In today's evolving workplace, it's rare to find professionals that spend many years in the same organisation. Rather, it's expected for millennial workers to have multiple positions under their belt which can come in the form of various freelance and part-time jobs.
To get a clearer picture of full-time employment, we've covered both the benefits and disadvantages below.
1. Holiday and sick pay
If you are a full-time employee, you will receive more annual leave and sick days than part-timers, as paid time off is usually calculated based on the number of total hours employed. By having more days off you can plan for holidays, short-breaks and can take time out when you're sick without feeling too guilty.
2. Job advancement is easier
No one can guarantee that you will be offered a promotion, but you have more chances of qualifying for any advancement opportunities than part-time or temporary workers. Another positive of being a permanent employee is that the company views you as a long term investment, and they will be more inclined to invest in your development and help you advance the career ladder.
And if you don’t get offered a promotion, you will - at least - have a secure job and continue to receive pay increases.
3. Companies offer insurance benefits
Most people would say that one of the best advantages of a 9-5 job is company-subsidised or company-paid insurance benefits. These insurance policies include things such as health, life, disability or even accidental death with many companies offering family coverage as well. Even though this usually comes after the probation period (3-6 months), it’s nevertheless a massive cost that you don’t have to pay for.
4. You have a fixed schedule
As a full-time employee, you will have a fixed schedule with specific working hours. This means that you will be able to plan the rest of your day accordingly without being unsure of your work schedule. No one will call you to change your working hours at the last minute or swap shifts. Some people would call this monotonous, but if you want some stability in your professional life, full-time employment can offer you this.
5. A fixed salary
Your employer will provide you with a fixed salary on a weekly or monthly basis. All you have to do is complete your job duties and meet your daily or weekly quotas, be a good employee and at the end of the month, you will get paid a specific amount of money. This way you can plan and pay all your expenses, put money aside for other long-term investments and feel safe that, no matter what, you will have money in your pocket for at least one more month.
1. You become stagnant
Sticking with one employer can result in career stagnantion. You become comfortable with the pay, the amount of work given, and the workplace environment. You’re just happy to have a job. You don’t even consider thinking about any other careers.
At the same time, you may become robotic in the same routine. A long-term boss may give you the same daily demands making it an easy schedule to follow. But, you might find yourself constantly fulfilling the needs of your employer and that’s it. This can hold you back from realising talents and gifts you never knew you had.
2. Realising your true potential is hard
While we’re on the subject of unknown talent, a 9-to-5 job can make you feel like you’re working inside a box. You go to work day-in and day-out without asking any questions about other people's duties and remain confined to your tasks and your cubicle.
Believing whatever your employer says to you, blinds you to other passions you may have. Your curiosity to know what else is available to you in the outside world is taken away from you. All that is common to you is the job you are doin, meaning that your true potential will never be reached.
3. Buying and selling services become blurred
When you work under someone, you are obviously selling a service that the employer is buying from you. Without any hesitation, you fulfil tasks and assignments that are given to you. These projects, more than likely, have no worth to you as a professional person, but they do for your boss.
In addition, you aren't investing your efforts in projects that have no personal value, but rather do your job to receive a pay cheque at the end of the month. There is no clear reason as to why you completed certain tasks other than you were told to - or else it could have jeopardised your career.
4. Your CV is boring and lacks various experiences
Having the same job for many years can negatively affect your CV. As mentioned before, companies sometimes look for an array of experiences when considering a potential candidate. Since you’ve been working for the same employer for X amount of years, your CV becomes dull and dry, lacking versatility in skills and services.
A boring CV may get you overlooked by competition that has varied experience in their career history. Meanwhile, the key to having a top-tier CV and cover letter is opening yourself up to other occupations, whether they end up being similar or completely off-centre from your profession of choice.
5. Job hunting becomes difficult
Full-time work can make it hard for you to get back in the groove of job hunting. If you haven’t looked for a job for a long time, you may not know where to begin. As mentioned before, becoming too content with where you are could lead to disaster; especially if you find yourself laid off or fired from your job.
Also, your employer may be a person who tries to hold you hostage. They may give you bonuses or rewards as a way to keep you satisfied with the job. If you’re anxious to see what else is out there, then don’t let your current job prevent you from expanding your horizons.
Full-time employment is not for everyone. Depending on your needs and current situation, it may harm you or benefit you in many ways. Since there are several possible advantages and disadvantages, you need to 'weigh' which are the most important for you.
Is there anything that we missed? Share your thoughts in the comments section below…
This article was originally posted in January 2015.