It is no secret that a Government job can be accompanied by many advantages. Many individuals have mused if working in the public sector is more advantageous than a private one. While plenty of reasons exist why people may favor opportunities in the private sector, the perks of a government job should not be overlooked. Here are some key features which might help to decide which field offers the most rewards.
Government jobs offer the following advantages:
Security of employment
In recent years, layoffs in the private sector have become quite common because job security is one of the top reasons for job seekers to choose government jobs. If a company doesn’t make enough profit, it can lay off employees to ensure that it doesn’t suffer any loss. However, there are fewer layoffs in the government sector.
The government offers more job security than the private sector, which is why government jobs are more secure than private jobs. One of the biggest reasons people apply for government jobs is job security. Government jobs in India are stable. This is why most people are attracted to them.
Benefits of retirement
A person’s retirement is a crucial phase in their life. It marks the end of their working career and marks the beginning of a new phase of their life. If one plans for it properly, retirement can be a time of joy and relaxation. Government employees’ retirement benefits form a major part of their compensation package, which is why they can use them to plan for retirement.
Balance between work and life
It’s easy to manage a work-life balance in government jobs because they have fixed hours.
For those who want to balance their personal and professional lives, government jobs have fixed timings.
Mediclaims and Health Insurance
The unpredictability of a person’s health is well-known, as is the climbing cost of hospitalization, making it difficult to obtain quality medical attention. To counter this burden, the government offers free healthcare for its employees; a benefit that furthers employee loyalty due to covering all expenses related to their entire family regardless of treatment costs.
Amount of allowance
Your monthly or annual expenses may also have increased for some reason, so if you are employed by the government, then you don’t have to worry because they will cover all your additional expenses. In government jobs, you will be able to get concessions on your travel tickets if you want to travel anywhere in the country. These benefits are not available in the private sector, but are available in government positions.
Everyone enjoys taking time off to be with the family and friends. The government provides numerous holidays throughout the year to lessen the workload of employees. This allows them to travel and make memories with their loved ones. Sadly, private sector jobs rarely give any kind of leave apart from regular holidays. However, if an employee is feeling over-stressed then the government can grant him a break every week. This gives them more motivation and energy when they return back to work.
This government job certainly has its perks. With real estate prices skyrocketing, it’s difficult for many to buy or rent a home on their own. Fortunately, with this type of position comes the opportunity to live in a government quarter for very little – and sometimes no – rent money. This greatly reduces what you would pay, and few other private companies offer something like that. Although, you can’t stay there post-retirement, it still proves invaluable against the rising cost of living.
After retirement, complete insurance coverage
After you retire, one of the major disadvantages is that you don’t get enough money to live a stress-free life and enjoy the rest of your life peacefully if you work in the private sector. Government jobs are also helpful if you encounter health problems in your old age. As an employee of the government, you will receive complete life insurance after your retirement. Therefore, you will be able to relax when it comes to retirement.