Job seekers look for government jobs for stability, while those who want high remuneration look for private jobs.
Is that all what you know about this topic? If your answer is yes, read on to get a better understanding of the pros and cons of government jobs and private jobs.
Here are a few advantages of securing jobs in the government sector:
1. Flexibility: Many people have the misconception that timing for government jobs is rigid and switches are not really possible. However, in reality, the government has made provisions for alternative work schedules. Last year, RBI offered flexible work timings for their officers. This practice helps in maintaining a healthier work-life balance.
2. Holidays: Weekend holiday is what every working professional enjoys. Those who are working in government offices enjoy a lot of holidays. In India, there are a number of festivals and they cover up the maximum portion of holiday list of the yearly calendar in India. So, being a government officer, you will get these holidays so that you can spend quality time with family and friends.
3. Prestige: This is an additional perk given to government officers, may it be at the state level or central level. In private sector you may go to a certain level of rank or position and earn prestige and reputation.
4. Low pressure: This is an advantage if you are committed to your job. However, if you are negligent and too lazy to carry out your responsibilities, you can feel the burden on your shoulders all the time. Otherwise the pressure levels are comparatively low in government sector.
The disadvantages of working in government sector are as follows:
1. Work Environment: Many people complained about lazy work environment in government offices. According to them only a handful of people work diligently and complete their task within the schedule time.
2. Appraisals: You work hard; you expect appraisals for your hard work. It is a universal truth both in private and government sector. However critiques said that in government office, people who are working hard may often go unnoticed.
3. Control levels: In a government office, levels of controls are quite low. Government jobs give you a liberty to work freely, but in a restricted space.
4. Selection process: Although you will find thousands of government jobs in India but getting a government job is tough. Plus the selection process is quite lengthy and cumbersome. Even you are placed in the merit list, still you may have to wait for a long period of time before you actually join the office.
What is worse? If you are not selected, you have wasted a couple of days (or even months) and you may feel like you are in the middle of the sea. Carrying yourself from there and shifting to the private sector or to another opportunity in the government offices will take even more time.
Have a look at various advantages of working in a private sector
1. Work Style: Private sector jobs ensure that the employees should complete the given task in a given time frame. So, you can be sure that the work style here is fast paced and efficient. You need to be on your toes every time you take up a responsibility and can be sure that your hard work will be appreciated.
2. Work and Growth: In a private sector, work and growth are directly related. Better you work, higher will be your growth and vice versa. You can be sure that if you are dedicated and have skills to work up to the next level, your potentials will be noticed and you will be promoted to the next level. This is an added advantage of working in a private sector.
3. Job satisfaction: Private sector jobs are not similar to traditional jobs where you have to work for fixed and limited working hours. Here, you can be sure that you are working for late hours but when you move out of your office, you will be satisfied that you have –
- Learnt something new today.
- Given your best to the company.
- Your hard work is/will be appreciated.
4. Higher pay: Yes, this is what people are mostly attracted to. In the real world, money is the biggest source of motivation and private sector offers you scope to earn incentives or perks for hard work.
Know about the disadvantages of working in private sector:
1. Pension: People are attracted towards government jobs because they know that when they retire from their job, they will be blessed with a pension plan which will be available to them for the rest of their lives. This facility is not available for those working in the private sector. Private jobs may give you higher pay currently, but once you are out of the organization, you may enjoy the post-retirement benefits. However the scenario has changed since there are many private companies who also have started monetary benefits for their retired employees.
2. Job security: This is a point you can never rule out. Imagine a situation. You are a normal employee in a private organization. Recession hits the economy. You may be terminated from your job. However, this possibility is minimal if you are a government employee. Even if a private sector company is suffering loss, then also your job may be at stake.
3. Holidays: Private sectors work on deadlines and holidays are limited in this sector. If work deadlines are not meet, you may also have to work for long hours and even during public holidays.
4. Competition: Employers of private sector appreciate hard work of employees and appraisals are prompt for the employees, depending on their performance and abilities. However, it also promotes fierce competition amongst colleagues.
To sum up you, you must consider both the advantages and disadvantages of working in both sectors and then take your decision accordingly.
There are, of course, certain jobs that allow you to be “Self-employed” — such as running your own business, or taking up teaching as a private or online tutor. These jobs, especially the teaching ones, hardly depend on how old we get, or how much we can travel. Such things are usually decided upon by the tutor himself/herself, as per convenience. The same can be true for business. However, the ‘job security’ factor is said to be stronger in case of tutors, because it all depends mostly on how they prefer to teach, how many students they wish to teach, when, where, how and for how much. In case of businesses, things might not be the same, as a businessman has to depend on a larger number of factors and make an investment, first.
Whichever profession you choose, our best wishes are there for you. Do share any story or advice on this subject, so that others can benefit from your observations, too.