Benefits Of Full-Time Hiring Services Over Part-Time Hiring
Before we begin let us understand the terms of part-time hiring and full-time hiring services in India. Generally speaking the number of hours an employee work every week can distinguish the difference between the two.
Full-time and part-time employees offer business support through different services. Full-time employees offer business security regularly in product and service flow. Whereas, part-time employees help in saving the company money without hindering project deadlines.
Many business owners struggle with the dilemma of hiring full-time or part-time employees, or a combination of both. One thing to keep in mind before hiring anyone is to understand the pros and cons of both and keep all the factors associated in the frame.
Full-Time Vs Part-Time Employees
Keeping your business needs in mind you should understand whether you need part-time, full-time or a combination of both employees. While there are pros and cons associated with both, the final breakdown comes down to your particular needs.
Typically a part-time employee works less than 40 hours a week with an exception of organisation needs and projects. Employees who work more than or equal to 40 hours in a workweek are considered full-time employment.
Various Factors To Distinguish Full-Time And Part-Time Hiring
|Full-Time Workers||Part-Time Workers|
|Compared to a part-timer, the schedule of full-time workers is not flexible as they have to work for long fixed hours. The bottom line is full-time jobs demand more working hours compared to part-time ones.||Part timers schedules are always flexible resulting in less stress on the employee. Depending on the project and deadlines, someday they can work for 3 hours a day and someday they can work for 8 hours a day.|
|For a full-time worker, the working hours can comprise between 32 to 40 hours per week. This may change depending on the needs and requirements of project delivery and deadlines. This might also change according to full-time remote work-from-home jobs employees.||For a part-time worker, the total number of working hours is under 32 hours per week. Sometimes this can change depending on the work and tasks assigned to the employee.|
|Generally speaking, full-time workers earn more. But it can be exceptional in many cases. It can change according to freshers and experienced candidate. Along with that full-time employees, also enjoy overtime payments, bonuses, and many other incentives and benefits.||This completely depends upon the scenario, the income of a part-time worker could be less, more or even equal to that of a full-time worker. It can depend on the quality of work that you provide for the organisation|
|Job security for a full-time worker is always confirmed as they are permanent opportunities. Along with that various benefits like pension, insurance, health coverage and extra hour, bonus and more can easily be given to a full-time employee.||A part-time job is not a secure form of a job as they are usually done for a limited and defined period. Part-time workers also do not get benefits like pensions, insurance, health coverage and other stuff.|
Pros And Cons Of Part-Time And Full-Time Jobs Hiring
For part-time employees staffing levels are more flexible without any guaranteed hours or benefits, whereas, for full-time employees except for a working schedule, a fixed number of working hours each day, healthcare benefits, vacation, reimbursement and so much more.
Listed below are some of the benefits of each employee type.
What Are The Pros Of Hiring Part-Time Employees?
Decreased Overhead Costs
It is less expensive to hire a part-time employee as opposed to full-time employees who will require higher salaries and other benefits.
Hiring part-time workers allow more agile scheduling hours and project needs.
Whenever required part-time employees allow easier overflow or added staffing.
In case you need to cover shifts and deliver projects on short notice, through part-time employees you can develop experience backup team members.
Through part-time employment, an employee can allow team members to work other responsibilities like attending school, family responsibilities, other jobs and more.
What Are The Cons Of Part-Time Employees’ Staffing?
Distorted timing and scheduling can make it very difficult to retain good employees, particularly people who need steady hours.
Part-time employees who work on occasion can have increased chances of error rates due to a lack of consistent work habits.
External Employment Challenges
When a company hires a part-time employee they have to deal with various co-employment issues. When an employee work as a part-timer then the chances are that he/she may have more than one job. In that case, they may have to choose which job to take as a priority if they are double-booked for the same shift.
What Are The Pros Of Full-Time Employees?
Through full-time employment, you can enjoy consistent scheduling and a better plan of goals, projects and workloads.
The more benefits-eligible employees you hire, the more cost-effective they will be for your organisation.
A noticeable and consistent productivity can be seen because employees will spend more time attending to their responsibilities and associating with other full-time team members.
When you work consistently for a particular company you automatically connect with that company with a professional bond. This helps an organisation retain great employees and also build strong employee relationships.
What Are The Cons Of Hiring Full-Time Employees?
The concern of Overstaffing
One of the biggest concerns about full-time employees is that they might not be cost-effective when their workload dips and the overall productivity and output drop.
Heighten Employee Stress Level
In any organisation, full-time employees always manage more work-related stress associated with project goals, delivery schedules and deadlines. Employers need to care about this because of their teams’ well-being and also there is a strong inverse connection between employee productivity and stress, as per a 2021 study in the Kansas Journal of Medicine.
The Cost Of Benefits
Fringe benefits, be they taxable or non-taxable, possess some sort of significant expanse to them, which will add on as you hire more full-time employees.
Sometimes, employers have to manage employees related issues like attendance, performance and more resulting from the burnout of employees and poor work-culture or work-life balance.
What Is Job Sharing?
When it comes to full-time hiring and part-time hiring one thing that certainly comes into the focus is ‘job sharing’. By definition, job sharing is a work arrangement that segments one full-time job into two part-time jobs. Job sharing can be a beneficial factor for small businesses in their early stages or for companies and organisations that are having trouble finding the best and most skilled full-time employees. Also, a significant amount of talented workers are only available for part-time hours like• Parents
• People with Disabilities (PwD)
• People Who Seek A Great Work-Life Balance
• People Who Are Studying or Still Starting A Business
Job sharing holds the potential to boost the company’s morale and productivity while enticing high-qualified and skilled new employees while at the same time retaining the current team. However, one thing that makes job-sharing the perfect fit for companies is the ethical job-share arrangement. Booth employees in job sharing must have the talent, knowledge and ethics to get the work done with quality results exactly like one person.
Another advantage of job sharing is that there is always someone for the role, if one employee (or one-half of the job) does not work out, gets ill or leaves for a better prospect, the job role is not completely unstaffed.
Part-Time Or Full-Time Employees — Which One Is Better For Your Business And Why?
Whether you choose to hire a full-time employee or a part-time employee, the last decision depends on your needs and your business. If you are not sure about how many working hours per week it takes to complete the job, then you might want to switch to part-time or temporary employees because they work for more periodic hours for low money. And it will give you a hold on the output obtained from the part-time positions, also if you need to switch that position to full-time or keep hiring part-timers.
Having said that, you also need to understand that certain roles and job responsibilities scream for a full-time employee. Hiring part-timers can be effective as it does the job for less money, however, many factors could hinder the productivity, delivery and quality of the project. Also, various business owners think that hiring for a full-time role cost more money to provide benefits like health insurance. However, it is not true for businesses that contain 50 or fewer people. Any organisation that has fewer employees, they have no legal obligation to provide health insurance coverage to any of their employees, regardless of their working hours.
Bottom Line On Part-Time Or Full-Time Employees
Whether you hire full-time employees or part-time employees all depends on what your business needs. Both employment mode is credible and effective with some transitions. Temporary and short-period staffing works best for small businesses and projects as it has low loyalty with diminished efficiency. Whereas, full-time employees are much more resilient, reliable and efficacious in delivering work on time.
Before we begin let us understand the terms of part-time hiring and full-time hiring services in India. Generally speaking the…