It is no hidden truth that a government job comes with hordes of benefits. We have often encountered a debate on whether a government job is more beneficial than a private sector job. Although many people prefer private sector jobs for many reasons, we can’t ignore the advantages that a government employee gets. Let’s see some major benefits of doing a government job.
Advantages of Government Jobs vs. Private Sector Jobs
If you are still confused about which sector offers more benefits, the following points shall make it clear.
1. Good salary
One of the biggest advantage why people choose government jobs is because of the high salary it rewards you with. The government employees receive comparatively equivalent or higher salary than the private jobs. Also, government employees receive their salary on time irrespective of the situation unlike private sector jobs where there can be delays in the payments. This is one of the major reasons why people love government jobs.
2. Health Insurance and Medi claims
Health of a person is highly unpredictable. We just don’t know what a person might suffer when. Also, with ever increasing costs of hospitals, it has become difficult to seek good medical care. Keeping these factors in mind, the government provides free healthcare for all the employees working with them. To add up on this benefit, the government also takes responsibility to bear all the expenses of employee’s entire family.
No matter how costly the medical costs are, the government will completely take care of it. This also increases employee loyalty of the people who work in the government sector.
3. Allowances
For some reasons, if your monthly or even yearly expenses has increased then in such case, you don’t need to worry if you are working in government sector as they will take care of all your extra expenses. For example, you are traveling too much or your grocery shopping has increased considerably, then the government provides you with Dearness Allowances (DA) and Travelling Allowances (TA) that will help you cover all the extra expenditure incurred.
These allowances will be provided even if the inflation rates are high. Also, if you wish to travel anywhere in the country, the government will offer you concession on your travel tickets. These benefits are not provided in many private sector jobs but are fully assured in government jobs.
4. Vacations
We all love to have vacations where we can spend time with our family and friends. To lower the workload of the employees, the government offers them many holidays throughout the year. This enables an employee to visit their holiday destination and spend the time with their loved ones. In case of private sector jobs, there are hardly any holidays awarded to employees apart from the usual ones.
Also, the government may give an employee a weekly off if they are dealing with too much stress. This allows government employees to deal with stress and come back to work with more energy and vigor.
5. Housing benefits
This is probably the best advantage you can take out of a government job. In times where the prices of real estate are going up with every passing day, it has become very difficult for a common man to either buy or rent a house. This is where being a government employee will work in your favor. The government has made such provisions that they provide you a home at government quarters where you can stay with just a nominal amount or at times, completely free of cost.
This will allow you to save a good amount of money in housing. However, you can’t stay at the same place after retirement. But this is an advantage which probably no other private company offers.
6. Complete insurance after retirement
A big disadvantage of working at a private sector is that after you retire, you don’t get enough money which allows you to stay stress free and enjoy the rest of your life peacefully. A pension is necessary to meet your daily expenditure after retirement. It is also helpful when you encounter any health problems in your old age days. But if you are associated with government as an employee then after your retirement you tend to receive complete insurance of your life.
Hence, you will not have to worry about your future and can retire peacefully with a handsome amount of money as pension.
7. Social security
In this competitive world where the cost of living is rising day by day and pay slips are getting shorter, it has become a major concern for most of the people to survive without the fear of future. Also, if you are working with a private sector firm, there is no guarantee of job security, one can be thrown out of the company any moment if the company is not making enough profits. This is where government job will benefit you.
In governmental jobs, one gets salary on time, free health care, lifelong pension and other allowances that will enable you to live your life without any worries.
8. Job security
Layoffs have become more common in private sectors in the recent years. With companies not making desirable profits, it has become mandatory for them to lay off their employees in order to keep their company running with minimal loss possible. Government layoffs do take place but they are rare and very less as compared to private firms. Working as a government employee allows you to enjoy the benefits of job security.
This is also one of the major reasons why people prefer government jobs over private sector jobs.
Government Jobs Promise the Highest Job Security!
Government jobs are rightly appreciated for all the benefits that they provide. It is an employee’s delight to be working in a government organization. It provides a huge number of advantages as well as a good pay scale for employees to be satisfied. The benefits that a government job usually provides is not offered by private firms and this is a major differentiator between government jobs and private job. However, a government job is highly revered for the job security it provides. The exceptional amount of job security that it offers is unmatched with any other kind of job elsewhere. Let’s see the reasons why government jobs are able to promise such high level of job security.
1. No Loss of Job
You never might have heard of a government employee losing their job due to recession or layoffs because these concepts don’t exist in government organizations. For them, retaining the employees is their highest priority and they don’t let go employees who have been working with the organization since a long time. This is certainly not the case with private firms as any shake up in the structure of the organization can lead to many employees losing their job.
2. No Decrement of Salaries
In private firms, employees often experience decrement in salaries or salary cuts due to low performance. This is often taken by employees in a bad way and it lowers their morale. In a government setup, there is no such concept as decrement of salaries. An employee will never receive less salaries than what is promised and there are no salary cuts even if the performance of a particular employee is not up to the mark. This also ensures high job security and the loyalty of the employees for their company is retained.
3. Guaranteed Pay
Private companies or even startups at times can delay your pay or not pay you at all in certain cases. However, in a government job there will never be a time when your monthly pay is delayed. Your payment will reach you on time irrespective of how the external or internal situations are. This is one of the best perks an employee can have. An assurance of timely and guaranteed pay goes a long way in creating a positive environment in the organization.
4. Festive Bonuses
Every government employee receives festive bonuses on major occasions so that they can spend it on themselves as well as their family to buy new clothes, renovate their homes and majorly celebrate the festival. This is something only government employees tend to receive. These days, private firm employees also receive a bonus for festivals as well as for a better performance which keeps them at par with government employees. But such bonuses let the employee know that the government cares for them and wants them to be happy.
5. Availability of Provident Fund
For Provident Fund, a small amount is deducted from a government employee’s salary which is available for them to be used anytime they like without any interest rates. In case an employee doesn’t use the money from the Provident Fund during their employment, the complete money is returned to them with the current interest rate. This is definitely one of the best funds in which a government employee puts his money into and it is highly beneficial in times of financial constraints or during retirement.
6. Defined Working Hours
In every government job, the working hours are already pre-defined and you won’t have to work for extra time in any circumstances. Whereas in a private firm, you constantly need to work extra hours to finish your work and it usually doesn’t pay you any extra amount. This is something most employees don’t like and it is also one of the major reasons of people choosing a government job. If you are looking for a job which has pre-defined work hours and it doesn’t demand you to work extra time, a government job is perfect for you.
7. Casual Leaves
All the government employees are offered ample number of casual leaves which they can use for anything they like. A work life balance is important for every working professional and enough casual leaves ensure that the employees enjoy spending time with their friends and family along with doing what they like. The important thing about these leaves is that they are paid for and no amount of salary is cut for it. Such casual leaves can also be used when you are sick or suffering from any health issues.
8. Pensions after Retirement
We all are aware that government employees receive a huge sum as pension after their retirement. This is something why a lot of people choose government jobs over others. You can be completely tension free even once you have stopped working as you will receive a certain amount of money once you retire. This will allow you to spend your old days without any hassles and the pension amount is decent enough to cover all your expenses at that point of time.
9. Various Allowances
There are various kinds of allowances that you receive if you are a government employee. Almost all the extra expenses that you incur for doing your job are covered in this section. Also, due to the rise in inflation, the market prices of various goods rise and a bonus amount is given to the employees as dearness allowances. Many other kind of allowances such as travel allowances and house rent allowances are also offered to the employees so that they can use their salary on better things. These allowances are usually missing in jobs at private firms.
These are the various reasons why government jobs offer a great level of job security. We all crave for job security among other perks in a job and no other job offers better security to an employee than a government job. If you are a loyal employee who wishes to spend a long part of their career in a single job, a government job is perfect for you.
Conclusion: Government Jobs Outrun Private Sector Jobs
You may find some of the above advantages in private sector jobs too but having all of them is pretty rare in any other kind of job. These advantages play a major role in the smooth and effective functioning of your life. Also, it leads to a satisfying professional career and retirement.
After knowing the advantages of a government job, it is safe to say that government jobs outrun private sector jobs by a huge margin in terms of advantages.
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