Highly Paid Private Sector or Highly Secured Government Sector Jobs?

Employment is the biggest challenge in these days of pandemic and social distancing. Covid-19 has added on to the perplexed mindset of people who are looking forward to Job as their career option. Private Sector and Government Sector jobs are the two major areas into which the crowd gets divided.

People get highly confused while picking one from these two. Both have their pros and cons like the private sector provide high income, whereas the government jobs as listed by Sarkarijobs.com grants high security. But just these points aren't enough for someone to choose their career, one needs to have detailed research.

Let us begin with the foremost objective, that's Salary:

1. Salary and Growth:

It seems that private companies pay higher to employees, but on the other hand, the government sector provides several additional incentives. On the inclusion of which, the salary difference doesn't seem too huge. The government offers its employees allowances like transportation, residence, medical facilities, and many more. Another great add-on to this is the 7th pay commission.

Talking about promotions, the private companies provide appraisals that are regular depending on your performance, whereas it depends on some standards in the government sector.

2. Job Safety:

Job security plays a vital role in the decision-making process. In this case, the private sector directly depends on the market position and the organization's growth. Private companies cut down their costs by firing a lot of employees during the recession time.

On the contrary, the government sector provides job security. The only case in which people get fired is either getting involved in an illegal act or a significant performance issue.

3. Post Retirement Policies:

Private Company employees need to secure their future through proper pre-planning their retirement. Most of the private companies do not offer any post-retirement plans. A government sector employee is free from this burden.

The government ensures that the employee's living has persevered even after retirement through their various pension schemes. Some government jobs in banking and railways provide the residence, medical services, and travelling benefits post-retirement too.

4. Holidays and Leaves:

Government employees get the benefit of excess holidays as compared to private job employees. Private companies declare holidays with limitations, whereas government entities declare holidays for almost every fest. Coming towards leaves, the government offers better leave policies than private companies.

The government sector consists of more numbers and types of leaves. For example, Earned Leave or Privilege Leave, Casual Leave, Sick Leave or Medical Leave, Maternity Leave, Half Pay Leave, Quarantine Leave, Study Leave, or Sabbatical Leave, etc. On the other hand, private companies approve holidays based on workload and replacement or backup. Employees from the private sector get hardly 20-25 leaves per year.

5. Work Balance:

In this case, the private companies prove more sophisticated as compared to the government. Private companies offer their employees the benefit of work from home when its not possible for them to remain physically present at the office due to various reasons like travel, sickness, etc. Government bodies may not provide work from home, but those employees are in benefited from several leave facilities.

6. Working Hours Flexibility:

Talking about work balance, private companies surpass as they offer flexible shifts and working hours as per the employees. In this case, government employees have fixed working hours, and switching them becomes difficult.

However, few government bodies like RBI have changed their working hours and made it flexible for their employees. Also, government employees have fewer working hours than private ones. Most of the government entities have 7 hours working, whereas the private companies have 9 hours schedule.

In Summary

These are the significant variations between Private Sector Jobs and Government Sector Jobs. Each of them has its merits and setbacks. You'll face success and failures in your profession despite the sector depending on your performance. So, a well-versed decision, along with consistently improving performance, is a must for achieving success in any area.