Whether you’re an employer or employee, chances are you’ve once tried to figure out what the differences are between part-time and full-time employment. While you may want to believe you already know the difference between the two, you need to really figure out the true differences for many reasons. One of the reasons is so you can set a line between the two types of employment to determine their respective benefits. So for this reason and others, it’s important to understand the difference between the two forms of employment.
For many businesses (yours included) there is likely going to be the need to differentiate part-time employees from the full-time ones for the sake of setting their pay and benefits. If doing this becomes imperative for your business, then you need to understand what perspective the laws have regarding part-time and full-time status and what effect such laws will have on your business.
Getting started with setting the line, and trying to determine benefits such as health care for a full-time employee, for example, you may want to start by specifically setting the number of hours for which an employee is to work in a week. However, for many companies certain benefits are accessible to only full-time employees.
Part-Time and Full-Time Jobs Defined:
What Are Part-Time Jobs?
According to Wikipedia, “a part-time job is a form of employment that carries fewer hours per week than a full-time job. They work in shifts. The shifts are often rotational. Workers are considered to be part-time if they commonly work fewer than 30 hours per week.”
What Are Full-Time Jobs?
A full-time employment is an employment in which an employee is required to work from 32 to 40 hours a week. The number of hours for which a person is required to work in a week is usually defined by individual employers.
What Differentiate Full-Time and Part-Time Employment
One major factor that differentiates full-time and part-time employment is the hours of work. While a full-time employee is required to work 40 hours a week, a part-time person is required to work less than 40 hours a week, though this varies with states.
Other factors include the benefits and manners of payment, which is whether salaried or paid hourly. And, in that, full-time employees are paid a fixed amount of money, while part-time workers are paid based on the number of hours worked.
Another difference is in the area of benefits enjoyed by both forms of employment. As for full-time employees, they’re entitled to certain benefits such as paid vacation days, medical insurance, retirement plans, dental, vision insurance, and career advancement opportunities. In the case of part-time employees, they don’t have access to any of these benefits.
Deciding Between Full-Time and Part-Time Job?
Whether you’re a part-time employee or a full-time person, there are pros and cons to both. For many people, they find part-time jobs very exciting and rewarding for reasons such as the opportunity to learn new skills or earn extra income. But to some people, it’s the most challenging job to ever consider. Your job is temporary and you can become unemployed anytime.
No matter what your reasons are, you need to think before you leap. There are some factors you need to consider before deciding which way to go. So the following factors are essential when deciding whether a full-time or part-time job will be right for you or not:
- Work hour vis-à-vis the workload.
- Your financial situations.
- Possibility of gaining valuable work experience.
- What your present and future goals are? What you’re trying to achieve in your career and in life.
So you now understand the difference between part-time and full-time employment and what benefits are available to each of the two. By considering these benefits and other factors as discussed above, you should be able to make the right choice between the two forms of employment.