Part-time and full-time employees differ in several ways, including the total work hours and benefits such as health insurance and paid leaves. There are several pros and cons attached to each of these employment types.
Let’s look at each type of employment separately to understand which one may work better for you or your company.
According to theAffordable Care Act (ACA), a full-time employee must work at least 30 hours per week. However, the ACA does not regulate the amount of hours employees put in. Hence, employers have reasonable flexibility in deciding the number of hours a full-time employee needs to work. The ACA labels companies with at least 50 full-time employees as Applicable Large Employers (ALEs)subject to specific provisions for their employees. These provisions include the employer shared responsibility provisions and the employer information reporting provisions.
There are several pros and cons of full-time employees for employers and the employees in question.
Employees:Full-time employees receive more benefits, including paid leaves and healthcare insurance. They also make more money as they work longer hours. Some jobs even offer their full-time employees training stipends and employee discounts.
Employers: Full-time jobs are beneficial for employers as they can get more work done. Full-time employees spend more time at work and can handle more responsibilities. The increased perks associated with full-time employment also allow for more loyalty and dedication from the employees.
Employees: The long work hours and higher expectations can be stressful and overwhelming. The number of hours also disrupts the work-life balance and can cause employee burnouts.
According to a study revealed by the International Labor Organization (ILO) and the World Health Organization (WHO), long working hours result in an annual death toll of 754,000.
Employers: There are several cons for employees if they hire full-time employees. Employers get impacted by employee burnout as it results in lower productivity. Another con for employers is that they have to offer higher payrolls and more benefits to full-time employees as per ACA requirements. Employers also need to provide full-time employees with proper training, which requires resources and investment.
People all across the world lost their full-time jobs due to the devastating economic impacts of COVID-19. Instead, people started turning to part-time jobs.According to the ACA, a part-time employee is required to work less than 30 hours per week. Part-time employees are not entitled to the same health insurance and other benefits as full-time employees. The benefits and perks are left under the discretion of employers. Part-time jobs do, however, offer much more flexibility as compared to full-time jobs.
There are several pros and cons of part-time employment for employees and employers.
Employees:Part-time workers have a much better work-life balance due to the shorter working hours. The lower working hours also prevent burnout and exhaustion. Part-time jobs also allow employees to gain new skills and experience without fully committing to the company. The flexible working hours allow part-time workers to prioritize other aspects of their lives, such as family and education.
Employers:Part-time employment is very advantageous for employers. They benefit deeply from part-time employees due to lower overhead costs. It also allows more workplace flexibility and solves fluctuating scheduling needs. Part-time employees don’t need to be trained; hence employers save out on training costs and resources.
Employees: One of the cons for part-time employees is that they don’t get the same benefits as full-time employees. These benefits include health insurance, training, and paid leaves. They also have less stability and security as they are more likely to be expendable.
Employers:There are several disadvantages of hiring part-time employees for employers. Part-time workers don’t contribute to the work culture as significantly. They are less dependable due to lower commitment and involvement. Part-time employees also tend to be less knowledgeable about the company’s products and long-term plans.
There are pros and cons to each type of employment. In the end, whether part-time or full-time employment works best for you depends on you or your business needs. If you’re a student or someone who has other significant priorities, then a part-time job may work best for you. If you have time and are looking for a higher salary and benefits, you should consider applying for full-time jobs. If you’re an employer, you need to access the costs and nature of work before deciding whether to recruit part-time workers or full-time ones.
Opting for a work-from-home full-time or part-time job can prove to be the most beneficial for you.
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