Difference between a part time employee and full time employee?

There are three main parameters on which we can differentiate between a full time employee and a part time employee. These are:

Number of hours worked

A part time employee usually works less number of hours than a full time employee. Tradtionally it is 40 hours a week, but it might vary from company to company.

Benefits

In many organizations, part time worker is not eligible for benefits such as health insurance, paid time off (PTO), paid vacation days, and sick leave.

Some organizations enable part time employees to collect a pro-rated set of benefits. In other organizations, part time status makes an employee ineligible for any benefits. Full time employees are usually eligible for most of the benefits as per the company policy.

Work Schedules

Part Time employees have a more flexible work schedule as compared a full time employee

Benefits of Part time workers

Less overhead cost

In many organizations, part time employees is not eligible for benefits such as health insurance, paid time off (PTO), paid vacation days, and sick leave.Some organizations enable part time employees to collect a pro-rated set of benefits. In other organizations, part time status makes an employee ineligible for any benefits.

Ability to attract desirable workforce

There might be many people who are good at their work but do not want to work full time. For example, many new mothers want to go back to work, but they don't want to go back full time or have to pay too much for a nanny or day-care service. Part-time work may also attract retirees who have a wealth of knowledge and would be great mentors to younger staff members.

Flexible workforce

It’s a great way to develop your business as a flexible workforce allows you to respond to changes in demand, whether that is through hours, services or reputation.

Limitations of Part time workers

Inconsistent productivity

Part-time workers, especially those that work more temporarily or seasonally, usually have less knowledge and familiarity with the company because they work less

Part-time workers won't be on site as often as your full-time staff, it might take them longer to get used to your company's culture or become familiar with the programs used regularly. This may increase their training time or reduce productivity while they're getting up to speed.

Lack of loyalty

Part-time workers usually have less commitment because they spend less time at the company and find it easier to leave because of the lack of full-time income and benefits. Thus, losing part-timers to other jobs is more common.

Because there are both pros and cons to hiring part-time employees, a business should carefully evaluate its needs before hiring part-time workers. Part-time workers may help offset your health insurance costs, but they may also not be able to offer the loyalty and time commitment to the business.