Government jobs VS Private Jobs: Government job opportunities in Pakistan are always thought to be an attractive choice for job seekers as well as new graduates from universities and colleges. Because of the higher amount of security for employment, many people are looking to be employed in government agencies and would prefer this type of job over jobs in the private sector. In general, the benefits and compensations associated with public sector jobs are quite substantial.
The situation is shifting slowly as new is being developed and offering new opportunities to the growing number of jobless in Pakistan. The absence of job opportunities in the Public sector is a major factor in the difficulties and struggles of those seeking jobs. Many are still unsure if it is worth taking on opportunities in the public sector despite all the obstacles or switching to the private sector. To make a comparative assessment we look at the advantages and disadvantages of both sectors:
Public Job vs. Private Jobs:
There are numerous benefits to working in the government sector in Pakistan. However, many individuals do not want to work in the public sector because of insufficient opportunities and prefer to go to the private industry without being forced to wait for a long time. Here are some aspects which can be compared to provide a more thorough analysis:
There was an era in Pakistan where the government and the state were the biggest employers in the nation. One of the main benefits of working for a government agency is the high degree of job security that comes with it. Anyone working for a company expects to be able to work under situations. Thus, having the confidence that you do not lose your job due to any negative or good circumstance is an advantage for any worker. This allows them to secure a future with a steady job. It is going to take a lot of effort and convincing evidence of his work performance to take him off.
In private sector employment, there is not any job security in the long run. The majority of positions and appointments are made on a contractual basis, and the company has the option to terminate any employee who has at least 14 days notice period. Another important aspect of the job security risk is that in the private sector, there are a lot of businesses and business entities operating. Some of them are huge while others are smaller.
Smaller companies could shut down with only a few economic or financial problems. Even the largest companies are at risk of shutting down or becoming bankrupt. Therefore, employees are laid off in this scenario. The risk is minimal for jobs in the government sector where possibility of government shutting down is very low.
The Salary or Compensation:
In the past, the pay for government positions was among the highest of all sectors on the market for jobs. However, with the changes in the business world and the economic growth of the country as well as the rise of the private sector, it has increased its pay packages and the compensation offered to employees. But in addition to the standard monthly payment, government jobs provide many advantages and benefits that are not monetary to their employees. This is why a lot of people think they are the most lucrative job opportunities in Pakistan.
Benefits that are not monetary help them receive all the expenses-paid services related to medical and health-related issues. Medical benefits are for not only the employee but the entire family. There is also the option of lodging. Certain government positions permit people to live in an apartment or house in the government for free or pay of very small amounts. In some cases, you can be awarded a significant amount of rent allowance. A lot of government jobs allow the worker to monthly consumption of utility bills, fuel as well as educational allowances, and travel expenses.
In higher positions, you could also get a car for transporting you from one place to another. These factors are a benefit to the government job over the job in the private sector. The majority of private sector jobs offer these advantages and perks, however not as many as government positions. They are only a fixed portion of the salary package.
Every government job comes with pensions and retirement benefits in addition. The lifestyle of a retired official of the government is far more rewarding and relaxing than that of a private employee. Government jobs provide a variety of benefits, including along with gratuities and ongoing pensions after an employee retirement after a specified period.
These funds can help the employee get settled in a better manner after losing his job and reaching an age when the effort he puts into it is diminished and also. The advantages of educational and medical facilities are also available after the employee retires from the federal job.
Being a government employee in Pakistan is a prerequisite to obtaining many quotas as well as benefits. In all welfare and national programs, government employees get priority. Children of government employees are also given more seats in many schools and have particular tuition rates. They also have the option to request loans and advance payments from their local government department for a minimal and low rate of interest.
Promotion and Increments:
Pay raises and promotions tend to be contingent on specific time frames and the accomplishment of a set of basic goals. The path of a career follows an appointed progression of levels, with specific intervals attained as they climb upwards. Pay increases are also made on a regular schedule in the pay scale. In the private sector, increments and promotions are based on the work of the employee and the extent to which they have contributed to the profits of the business.
The employees who reach their targets fast and at a quicker pace climb the ladder more easily as compared to those who remain in the dust. The amount of pay and increment also varies based on how your boss assesses your performance and provides an improved performance report. The private sector is more shrewd and brutal in encouraging employees or giving them rewards.
One of the biggest factors that draw people to government positions is the apex of power associated with the top appointment. Administration powers are a huge part of the government sector, but private jobs do not offer this tangible perk for their employees. Private jobs must handle all your administration and coordination by yourself.
Job opportunities for children of deceased parents:
In many departments of the government in Pakistan employees are subject to the option of extending their service. If they end their employment they are allowed to give their children the first choice when hiring an employee for the position. Private sectors do not offer the same benefits to relatives of deceased employees.
After a brief study of the private and government positions, government jobs are certainly more lucrative when contrasted with job opportunities in the private sector. They offer a greater number of benefits, both in monetary terms as well as the intangible benefits that come with a government job. There is not a set preferred option for new graduates.
It is all about the individual personal preferences and motivations, as well as what they want in an employee. After considering a variety of factors, they can choose which job is best for them.