A full time job is not for everyone. But it is worth taking on one or two if you want to experience how a large company works. The days of working 20-30 years for one company, let alone 5 years are in the past. The financial crisis impact has rippled through the world and it’s results has left many people wary of the future.
But one thing for sure what the 2008 crisis taught us is that job security doesn’t exist, even for those who have devoted their entire life to single company. We saw those people lost their jobs, their retirements, and worst, their dignity. The only job security you can bank on is your skills and network. So if you’re thinking to give full-time job a spin, below is a list of plus and minus that come with a steady 9-5.
But one thing for sure what the 2008 crisis taught us is that job security doesn’t exist, even for those who have devoted their entire life to single company. We saw those people lost their jobs, their retirements, and worst, their dignity. The only job security you can bank on is your skills and network. So if you’re thinking to give full-time job a spin, below is a list of plus and minus that come with a steady 9-5.
Advantages:
1. A sense of stability comes with s full time job. You get a piece of mind from a consistently monthly paycheck.
2. Benefits and perks, health insurance, 401k plans and bonuses are inclusive with the job package.
3 .Being a small cog within a larger machine give you insight and insider access to how things get made whether it is a film, a video game or a theme park.
4. You get to collaborate in a large team and learn from others and possibly create lifetime friendships.
5. The company front all the cost for hardwares and softwares.
6. Although there are the occasional overtime and weekends to meet deadlines, the overall pacing of the work is more steady than freelance.
7. Some companies will even offer relocation assistance, and housing accommodation and annual flight back home for the whole family.
8. Paid sick days and vacation time.
9. Some companies offer discounted stock options for their employees, so it is a great start to build a investment portfolio and allow it to grow over the years.
10. The banks are more willing to approve your mortgage when they see that you have a steady paychecks.
Disadvantages:
1. Depending in the city you live and work, but in Los Angeles, the commute is horrible. Imagine having to deal with the commute everyday is soul sucking.
2. A huge part of your paycheck will be automatically deducted for tax each month and not much you can do about it.
3. Only two weeks pay vacation per years. Majority of the European countries get the minimum 25 work days paid vacation.
4. Vacations days must be approved by your manager and is not very flexible compare to freelancing.
5. Office politics can create a toxic environment for the long run.
6. It is a false sense of job security. Remember the financial crisis when many companies had to cut back and many people especially the higher earners who have devote their lives to one company. Look where that got them.
7. If you having annoying coworkers or managers, you are stuck with them during your tenure with the company. You won’t know until to start working there.
8. The steady recurring big fat check can make you complacent and stop striving for more in your own work. You can get stagnant and it can be a trap.
9. With freelance, the extra mile you go for your clients will create greater the value you can bring to the project. In a typical corporate job, sometime it is better to do just what they ask of you, and not more because you may risk being view as overstepping.
10. A large company can have a hard time to keep up with technological changes, and they don’t like changes. You may be stuck with outdated tools and ways of doing things.
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