What Are the Benefits of a Part Time Job for Both Employee and Employer?

High inflation rates, rising cost of living, expensive education are some of the reasons that have forced the working professionals to hunt for other alternative earning options. This is the story of every common man. Many working individuals are considering the option of a part time job as a secondary source of income. part time job seekers usually work for less hours in comparison to full-time employees.

This job option is a popular choice for many individuals who are looking ahead to earn a flexible income while working from home. It is a well-known fact that both small businesses and large organizations make use of the employees seeking work other than their primary job. The working hours may range from a few hours to up to 40 hours as per the work assigned. However, employees are scheduled to work at least 20 hours per week on a regular basis and are expected to be employees in the organization for at least one year. Also, they get limited benefits from the organization, but are eligible for all types of leaves.

Let us have a look at some of the advantages for part time employees -

Flexibility

People working in this field find flexibility as the key advantage. As they work less than the full-time employees, and so they are able to fulfill other personal obligations and professional responsibilities. Also, they have the option of working at any time of the day-morning, afternoon, evening or night as per their suitability. This is very advantageous for mothers as they have to juggle between their regular household chores and career.

Gain experience in diverse fields

It is a great idea to increase your knowledge in distinct sectors. For instance, if your job does not furnish you with new opportunities to learn or enhance your skill-set, then you can always seek a part time job as per your interest.

Reduced dependency on a job

Taking this type of job broadens your job prospects and you're not solely dependent on one single job.

Chance to work after retiring

Generally, these jobs have nothing to do with the age. This means, if you're retired, then this is a great option to use your time constructively instead of idling around.

What advantages does a company enjoy in hiring part time-workers?

Cost

A significant importance of hiring a part time employee is cost cutting. Part time workers are paid on an hourly basis and their hours of work is scheduled as and when required by the company. Mostly part time employees do not qualify for company retirement plans which saves a lot of money. To encourage them, the company initiates bonus/commission programs which are usually performance based.

Shedding workload

part time employees are often hired to share the workload of the organizations. Also, companies strategically hire the employees for future assignments building an essential workforce.

Customer Service

To maintain seamless customer services, companies hire seasonal staff when they foresee rise in company activity. For example, retail companies bring in extra staff during the winter holidays to carry the smooth functioning of the businesses.

It would be right to conclude that part time jobs formulate as essential part of the business, thereby providing job opportunities to a number of people.