Government Jobs vs Private Jobs

Government vs Private

Job Security

Government sector employers are bound by employee protection which makes it imperative for them to show valid cause of conduct violation in order for a termination to be executed. These jobs are often known for their steadiness in the face of variations in the market. While all industries, from textile manufacturing to the ever-popular Indian IT industry, have kept their employees on their toes and biting their nails down to microscopic scales, economic turmoil have hardly left employee casualties, in government jobs, in its wake.

Job Growth

You may think that security is enough to seal the deal in favor of government jobs, but there are layers that you may still need to uncover before you jump to any conclusions. Government jobs are notorious when it comes to growth. the bureaucratic nature of such jobs leaves very little room for rewarding individual professional initiatives, stunting the career growth of their employees. Promotions are usually time based and performance, though important, is only one of the factors. Private sectors are well-known for their regard to performance and employee motivation. rise to powerdom can be accelerated in the later. Senior designations, in government jobs, though almost invincibly powerful, may only come after years of patience, waiting for people to retire before their coveted corner office chairs can be replaced.

Job Benefits

As is popularly understood, government jobs are known to be better for retirement benefits providing their employees a solid pension plan to make their wrinkled old age relatively wrinkle free.The government, however, does contribute a matched amount in favor of the employees, which goes to the National Securities Depository Limited, and fund managers invest the money in the market. The benefits of such a pension scheme can only be assessed when the time and situation presents itself.Private companies, on the other hand, are not bound to invest in their employee’s pension plans leaving them to execute their own grey year income means investments .Government employees, besides placing their faith in the fluctuating market, do get other benefits in their employment lifetime. They enjoy banking privileges, with often better loan schemes, travel perks, and also housing allowances that private employees may or may not chance upon.

Job Opportunities

The general consensus, and rightly so, is that government jobs are harder to crack than private ones. Most public-sector positions are opened up for a limited period of time and at a nationwide level. Most government jobs are also capped by an age limit and subject to possible affirmative action criteria. Compare that to the other sector, private company jobs are filled based on demand and recruitment drives happen all year.

Job Salaries

It is a myth that private jobs pay more than government jobs. The reality is that government jobs have quite competitive entry-level salaries. The pay commission revisions, especially the last two (6th and 7th), have also managed to elevate public sector salaries to well within the status of lucrative private sector salaries.

Job Life Balance

Long hours and no weekends are usually a private sector trend. Since job performances are directly related to job growth, the work culture promotes a certain level of competition, often unhealthy, to keep up the pace.Government jobs are relatively relaxed, often lacking the culture, but at the same time falling back on developmental opportunities. Interactions with bosses are more crucial in private jobs.

In conclusion, there are equally good reasons to sway the balance in either/or favor. The choice begins with an assessment of what you desire to achieve from your career. The when and howultimately leads to the final choice – a stab at the security and long term gradually moving career in the public sector OR a stint at the high yield, low security, accelerated career path in the private sector.

Advantages of Government Sector

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.

Holidays:

Weekend holiday is what every working professional enjoys. Those who are working in government offices enjoy a lot of holidays.

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.

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.

Disadvantages of Government sector

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.

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.

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.

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.

Advantages of Private Sector

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.

Work and Growth:

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.

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.

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.

 Disadvantages

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.

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.

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.

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.

BenefitsGovernmentPrivate
Job Security yesno
Inflation Indexed Salary yesno
Assured pay hike yesno
Performance linked Component noyes
Allowances yes(196 benefits)yes(limited)
Unlimited medical benefits yesno
Pension, medical benefits yes(for retired)no
Holidays & Leaves yesno(fixed)
Respect yesyes
Hi-fi Life Style yes(partial)yes

 

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