Choosing a private sector job or government job is one common question faced by many students who’re on the verge of completing their studies as well as are going to start the new career. Each government job post announced publicly may have the written test, post that your job eligibility can be decided & you are called for the interview.
But, while it comes about the private sector, it is important to go to the respective offices for attending the interview that has the series of job interview-rounds for getting hands on a job. In today’s article, we are going to discuss differences in the Government jobs & Private jobs that will help young minds of our country to choose their right career path.
Taking decision between the private sector and government in young aspirant is something that will not be won because of differences in both these sectors. The latest offers from the government jobs have seen the better response from public because of an unsecured job style in private sectors.
Government Job Vs Private Job
Table of Contents
|Provides Public Goods
|Profit incentive to be efficient
|Govt Jobs protect our environment
|Less bureaucracy and corruption
|Not affected by recession
|Entrepreneurs create job opportunities
|Helps to reduce inequality
|Doesn’t need taxes to fund
Government Jobs are Highly Competitive
Whereas many people may want to have the government job, but, they cannot attain this because of limited vacancies & tough competition. You have to invest enough time on your exam preparation for the selection exams & fulfill all the criteria for getting one. The private companies generally have more jobs & there’re more chances of the people being recruited.
It is one important factor that generally works as a decision maker. In the private sector, because of the market situation & growth of the company, the later may select to downsize its team. The recent years & during recession, the private companies fire many employees to reduce their costs. You can’t make sure your job can be there after 5 years. However, government jobs are more stable. People will get fired only when there is performance lack or a person is involved with other activities that are totally unacceptable. Thus, people feel more secure & will plan the future much better with the government job.
Good Retirement Policy
The government jobs make sure that their employee’s future is properly secured even after the retirement when opposed to the private sector job. But, with the private company, employee has to plan & take care of their future even after the retirement. New pension scheme makes sure that employee’s lifestyle and standard will be rightly maintained after the retirement. Also, different government jobs in railways and banking continue to offer benefits such as travel, stay and medical benefits to the employees even after the retirement.
Relocation Does not Mean Change in Jobs
Most of the government jobs particularly bank jobs have very good re-location options for the employees. An employee will relocate to the new place when they are working with a same bank unlike the private companies, where it isn’t possible. Such flexibility is very helpful for the people who want to relocate to a different place where the parents are or after marriage.
National and Public Holidays
The government jobs generally have more holidays compared to private offices. The government offices in India declare holidays for all festivals, on the other hand, private offices do only in restricted manner. Whereas some offices have got optional holidays, some have got limited numbers such as 10 holidays in one year. Also, when you’re working for the foreign based MNC, then you won’t have any Indian holidays. In such case, the governments jobs will allow you enjoy all the festivals that you celebrate without even affecting your leaves.
Gives Flexibility and Leaves
The government jobs provide better leave policy when compared to the private jobs. Number of leaves or types of leaves will be more in the government sector. Leaves approval are more flexible & employee-friendly compared to private jobs. In many private companies, you are assigned with not over 20 leaves in one year. Approval of the leaves depends on work load as well as availability of the backup.
Improved Work and Life Balance
Whereas the government jobs have got fixed working hours & switches are tough, majority of these private jobs provide flexible working hours. But, government will break this rigidity. Recently, RBI initiated the flexible working time for the bank officers to ensure improved work and life balance.
Besides, government jobs have the shorter working time when compared to the private sector jobs. Many government offices have seven hours of shift whereas private offices have 9 hour rule. Even login hours are stringent than government offices. The government employee will have enough of hours at home & time they can spend with their family and loved ones.
Work from Home Culture
It is one good option that a lot of private companies give to their employees. If there are any situations where an employee can’t physically be there at office, can request or opt for work from home. It becomes very helpful when you’re travelling or aren’t well to go to the office but still can work at your own comfort. Although this option isn’t available in the government jobs, people aren’t affected a lot since they will afford taking leaves during travelling and sickness since they have good number of leaves.
Promotions and Salary
Although private sectors pay a little more, but, government jobs provide many incentives all along with the salary; some offer residence, medical facilities, transportation cost, and more. There are different allowances given to the employees. Therefore, if you include other benefits, which come with the government job, difference in the salary will not appear very huge. Government is trying hard to make the salary in the public sector on par with the private sector with an introduction of the 7th pay commission.
In a private sector, you will get the regular appraisals & promotions based on your performance. Alternatively, in a public sector, promotions will be based on different criteria like experience, and internal examinations and more. However, unlike private sectors, since promotions come with certain gap in the government job, raise that employee will get is significant.