Permanent employment, which is a more traditional approach to hiring, is what employers prefer when expanding their business.
A permanent employment contract can also be appealing for candidates looking for job security who also want to build their skills within a company. It is also a great way for companies to retain highly talented employees.
Permanent employment: What is it?
Permanent employment means hiring a permanent employee to stay with your business for the long term. They will receive a yearly salary and will have access to employee benefits.
When should you hire permanent employees?
Permanent employees are often required if your business expands, and you need additional staff to manage your work every month. You may also want to hire a permanent employee if there is a vacant position at your office, maybe because someone has retired or has been asked to leave the job. Regardless of what the reason is, if you need employees, you can go for permanent recruitment.
Here are some of the most important benefits of permanent recruitment for a business
- Employing talented employees on a permanent basis means that they will remain with your business for a considerable time.
- You can create a loyal, more stable, and more efficient team with permanent employees.
- A permanent job offers more job security and is therefore very attractive to many.
- Permanent employees tend to be more invested in your company’s growth and business values and are, therefore, more likely to go above and beyond when performing their duties.
- You can give your permanent employees as much training as you want without having to worry about not receiving a good ROI on the investment. Additionally, they can spend their time learning skills relevant to their job.
- A business that gives employees permanent contracts will see greater loyalty from its employees. But to expect loyalty and other commitments from your employees, it’s important that you hire a reliable permanent recruitment agency. Only a reliable firm will be able to get you the best candidates for your various vacant job positions.
- You have permanent staff who are able to assist you when you need them.
- Employers often prefer having an in-house staff of workers. This makes it easier for them to divide work and monitor progress.
Being a permanent employee also has many benefits. Here are the benefits that a permanent employee enjoys—
- Sick leave
Unfortunately, being sick is an inevitable part of life.
People don’t choose to get sick. Sometimes, you will get the flu and need to rest for a while. Thankfully, permanent employees get sick leave without having to lose pay.
- Employees get holiday leave
It’s wonderful to enjoy time with loved ones and take time away from work. As a contractor, budgeting can be challenging as you have to consider not only the holiday cost but also the ongoing costs such as rent or mortgage payments and other monthly bills. Thankfully, permanent employees don’t have to worry about all that.
Superannuation is an important way to increase wealth and have a worry-free retirement.
If you are young and have a good income, it might seem far-fetched to consider saving money from your monthly earnings. Compounded interest has many benefits. Your employer will contribute a considerable percentage of your salary directly to your super. You can then rest assured that you are well taken care of in retirement.
It might not seem like an important decision but getting started early can save you from having to contribute unrealistic annual contributions later as you catch up.
Employers automatically take care of the Super contributions’ responsibility for their permanent employees.
- Personal leave
Unfortunately, in all of our lives, we will have to make time for those we care about.
Personal leave lets you take time off work, but you won’t be punished. This allows you to focus your attention on what is most important. And that is why permanent employees always enjoy an upper hand in this regard.
- Public holidays
You are an employee and have the right to all public holidays throughout each year. This is the time that you can spend with your family and friends, without worrying about making a loss. These holidays are, however, applicable to both permanent and temporary employees.
- Parental leave
It can be very special to welcome your baby into the world. But this is also a big change in your life.
Paid parental leave is provided by the governments of a lot of countries in the world. This is to help you and your family with financial needs while you make adjustments to becoming a parent.
While this leave is applicable to women in some countries, in others, even fathers get this leave.
- Long service rewards
Many of us remain in the same role because we are good friends with our peers and enjoy the work we do.
While long service is not a consideration in today’s working environment, it is a rewarding experience that allows you to enjoy your current position and grow professionally. In a lot of countries, when you have completed a certain number of years of service, you are rewarded by the company. Different companies reward in different ways.
- Career growth
Permanent employees are often motivated by the freedom and variety that comes from working on multiple projects within the same company.
When you are in the same company for years, enjoying all company benefits, you develop a kind of loyalty towards it. With various training and expertise, you get the opportunity to progress within the company. This will help you increase your knowledge and experience of the industry you are a part of.
Permanent employees work directly for their employer. They have no set end date for their service. Permanent employees often receive benefits like subsidized medical care, paid vacations and holidays, as well as contributions to a pension plan. It is common for permanent employees to be able to change jobs within their companies.
So, essentially, permanent recruitment is not just beneficial for businesses but also for employees. And that is why permanent recruitment solutions are so much in demand.