10 Benefits of Working in Private Sector | Advantages and Disadvantages


10 Benefits of Working in Private Sector

Well! I have been working in a private company for over 2 years, everyone believes that government sector is good option, but read out here 10 Benefits of Working in Private Sector. You’ll surely believe that it’s not true, as there are more Advantages of private jobs then Disadvantages. Guys, in private company you’ve to work hard, promotion chances are high and Of-course you get a great chance to improve our life-style much better. So, career within Private Sector is good, here’s place where you make corporate culture!!!

10 Benefits of Working in Private Sector
Our Indian economy is one of the rapid growing economies in the world and it offers a huge market and demand to multinational companies. Due to existence of high demand and potential of many MNCs are engaging for growth of their trade in India. Thus there are ample of jobs available. So, now let’s discuss little biggest reason that you should prefer having private jobs;

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10 Benefits of Working in Private Sector

Private jobs are better than govt. one because Working in private sector actually efficiency increases you communication skills, better growth and so many other... Promotions are common, as per you talent, dedication and hard work things grow and salaries are very high;

Every Day Is New, Adventurous & Challenging

In a private sector job, your each day is a new day with a lot of adventure and challenge. The excitement that you get every morning when you wake up is an amazing thing. On the other side, government jobs are dull as you’ve to do same thing again and again. In fact, there is nothing new to do. Your job profile hardly changes over the period of time. Government jobs are for the people who want to sit idle, doing nothing. But for a person, who loves challenges and adventure, would never like a government job.

10 Benefits of Working in Private Sector

Work-culture of a private sector job is completely different; in private jobs your work profile changes thus you make progress in your career. Moreover, the professionals or colleagues that you come to know while working for a private job are excellent. You can always learn something new from them. Overall environment of a private job is very enabling. On the contrary, this is totally missing in government jobs.

Pure Merit

Promotion in a private sector job is totally different and the big difference is of Merit. Yes! Promotion is awarded on your daily performance in the office. They award to a person who deserves the most because he or she is hardworking and honest. But being honest, promotion and other rewards are not fair in government jobs and that’s why private jobs are better than a Government job.

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Adequate Remuneration

Remuneration is your monthly salary plus other perks & privileges are made available in a private job. Moreover, along with monthly salary there are a more chances of increments in earnings, also in private jobs you can make money as much as you can.

Great Future Prospect

Everyone looks for future and private sector jobs are promising, these days young graduates are more interested in joining a private company. Yes! They are more inclined towards private jobs because it is more glamorous. So, it’s quite clear that in future, private sector jobs are bound to grow.

A Developed Personality

One feels firm as individual got chance to develop personality with more confidence after working few years for a private company. It is because of your grooming and hard work that you will evolve as a better human being. This is a big reason to adopt private job, as even a low paying private sector job can help you to grow your personality. You can carry yourself more confidently as compared to a person working for a government job.
10 Benefits of Working in Private Sector

Personal Touch for Employees

Private companies do care about their employees & workers; they prefer to greet and believes that employees as assets. If employees are happy and satisfied then productivity increases hence more profit for both company and employees too. Therefore senior officials give a damn about their employees because their well-being is not going to affect the government.

Strong Value System

In Private companies you see that there’s a strong value system because there is a feeling of accountability. Companies have to be accountable to their customers and share holders and profit totally depends upon employees. So caring their employees is one of the value systems of a private company.

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Helping the Economy of the Country

Future of a country is bright if the private sector keeps creating wealth for the country. Yes! A private company is an asset for a country because it pays huge money in the form of tax and generates a lot of employment. Hence for economic growth of a country private sector is very important.

Giving Something Back to Society

Private companies have undertaken many projects that helps to build a better society, hence a better world. For example, IBM and other IT companies undertake projects to make our life easy. In fact, their motto is “let’s make a better planet” So if you work for this company as a small member of a big team then you are privileged to change this planet for better.

So, you totally miss these, in a government job….
10 Benefits of Working in Private Sector

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Advantages and Disadvantages

So, Advantages of working in private sector we’ve already discussed above, here on below we have listed few Disadvantages of working in private sector;

Disadvantages of working in private sector

  • People are attracted towards government jobs because they know that a pension plan which will be available to them for rest of their lives.
  • This facility is not available for those working in the private sector.
  • Private jobs may give you higher pay currently, but once you are out of the organization, you may enjoy the post-retirement benefits.
  • However the scenario has changed since there are many private companies who also have started monetary benefits for their retired employees.

Job security:
  • This is a point you can never rule out. Imagine a situation. You are a normal employee in a private organization.
  • Recession hits the economy. You may be terminated from your job. However, this possibility is minimal if you are a government employee.
  • Even if a private sector company is suffering loss, then also your job may be at stake.

  • Private sectors work on deadlines and holidays are limited in this sector.
  • If work deadlines are not meet, you may also have to work for long hours and even during public holidays.
  • Employers of private sector appreciate hard work of employees and appraisals are prompt for the employees, depending on their performance and abilities.
  • However, it also promotes fierce competition amongst colleagues.
  • To sum up you, you must consider both the advantages and disadvantages of working in both sectors and then take your decision accordingly.
Top 10 MNC Companies in India

2.    IBM
5.    NESTLE

If you are interested, then carefully check above benefits in private Companies In India and be smart enough to choose your career path….

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