Showing posts with label Banking. Show all posts
Showing posts with label Banking. Show all posts

Friday, 24 January 2020

Sarkari vs Private jobs.Which one is better?

Private job Vs Government jobs
Both Private jobs and Govt jobs have their own advantages and disadvantages.it depends on you as an individual to make the choice between both.The obvious thing is that private jobs pay more and on the other hand government jobs are more secure. However, this is not all. Let’s compare both with some details.


Government jobs are more competitive

Many people wish to have a government job,But they might not be able to get it due to no. of limited vacancies and Cut throat competition. You need to invest adequate time on exams preparations and for selection you have to fulfill eligibility criteria to get it. 
Private companies relatively have more no. of jobs and there chances are more for getting selected.


There are many pros and cons of both private and govt jobs.Read more for details.

1.Job security

Job security is one of the major factors that work for decision making. In private sector, due to market condition later might choose to downsize the team for organisation's Growth. During recession, private companies terminate lot of employees for cutting down their costs.One cannot feel sure that his/her job will be there afte years. 
But government jobs are comparatively more stable and secure. People are getting fired only because of some major performance issue or one is involved with activities that are completely unacceptable. People thus feel more secure and may plan their future better with a government job.

2.Better retirement policy

Government jobs ensure that an employee’s future is secured even after retirement in comparison to a private sector. In a private Organisation, An employee needs to plan and take care of his or her future after retirement.Different schemes ensures that an employee’s lifestyle is maintained after retirement. Also, various government sector jobs like Banking and Railways provides benefits like travel, stay or medical benefits to employees even after their retirement.

3.Relocation

Most of the government organisations especially banks have good re-location policies for employees. An employee can relocate to a new place while working with the same bank unlike private companies, where this is not possible. This helps people willing to relocate to native place where their parents are or relocation after marriage.

4. Public and national holidays

Government jobs Gives more holidays than private companies. In India, government offices declare holidays for most of festivals in comparison to private offices. In Private sector few offices have optional holidays, some have limited numbers like 10 holidays in a year. 
If you are working for a foreign based MNC, you will not have Indian holidays. In this case, government jobs allow you to enjoy most of the festivals you celebrate without affecting your leaves.

5.Better work life balance:

Government jobs have shorter working hours in comparison to private sector jobs. Most of the government offices have 7 hours of working while private offices mostly have 9 working hours. Also, the number of login hours is stringent unlike government offices. 
A government employee thus can have quality time at home to spend with family.


6.Flexibility and more leaves


Government jobs have better leave policies as compared to private jobs.The no. of leaves are more in government sector. Also, approval is more flexible and employee-friendly in comparison to private jobs. In  private companies, employee assigned max 20 leaves in a year. The approval of leaves also depends on the work load and availability of backup.
7.Work stress
As compared to private jobs, the stress levelof work is lesser in government sector. This is because the public-sector work towards long-term goals and the work pressure mostly varies depending on time like Year end, festivals etc. 
On the contrary, private sector focuses on short-term goals and work deadlines.Sometimes, these deadlines can add up to an employee’s stress level.
These are some important differences between government and private job.  Now, its on you to decide and choose career. There are advantages and disadvantages of both private job and government job and irrespective of the sector, you will experience ups and downs in your career. it is important that you make an informed decision.

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