The debate between the monthly salaried people and hourly employees is an evergreen one. In an ever-changing world where the norms and nuances of working & succeeding change every second, it’s hard to derive a conclusion: which working style is better than the other. However, it’s sure that working style is not a “one size fits all” thing.
Every individual has a different personality and priorities. Some people are good with deadlines, and some need their own time and space to fulfill their responsibilities. Thereby, there was a need to bring up different working styles to facilitate every type of employee.
However, there still stands the comparison between the two, and the debate on which type of employees are more happy and satisfied?
This blog is dedicated to an end to end detailed comparison of the two.
Without further ado, let’s get started.
No. 1 Sense of Security
As a human being, putting security first is our basic nature. Studies reveal that more than 85% of salaried people work on a monthly salaried basis to ensure financial support and security. Whether it is a single mom who has to bring up her baby, or an adult who has to feed a family of five, security is the primary thought and intention on their heads. Monthly salary definitely ensures better security and peace of mind than the hourly paid jobs.
Not just in regular situations, but also during minor recessions, unfavorable market conditions, and much more challenging situations like Coronavirus pandemic, salaried employees are much more at mental peace along with a fixed monthly salary regardless of the work from home scenario. On the other hand, the hourly paid people have to struggle to get work in such tough conditions.
No. 2 Freedom & Flexibility
The one thing that employees who are paid on per hour basis and freelancers get better than the fixed salaried workers is freedom of work and flexibility. The flexible working hours allow them to explore other horizons, give time to their family and enjoy a better quality of life than the monthly paid employees. It offers them ample time and freedom to hone their skills and follow their passion.
No. 3 Time Management & Self-discipline
Accomplishing tasks in a limited time is a rare skill. Also, time management is something that you can generally find in freelancers and people who work on hourly pay. Self-discipline is another aspect that lacks in fixed monthly salaried people since they tend to live a monotonous, repetitive life that makes them dull, and inactive over time.
No. 4 Opportunities & Personal Growth
Freelancers and per hour workers tend to have endless opportunities and a scope for personal growth as they struggle to succeed and are the one man army. They are not generally tied up with only one project or company. They are typically free to explore other opportunities that tempt them or pay better.
However, in this case, the salaried employees can also reap some fruits. If desired, the monthly salaried employees can also acquire better opportunities and scope to personal growth by taking up a weekend course, and learning by experience.
The Conclusion
A salary employee holds the edge when it comes to annual bonuses, job security and continuity.
They’re also often offered insurance plans and lesser work pressure in a given time frame.
On the other hand, the hourly paid employees (freelancers) enjoy a different kind of benefit. They tend to have more control of their lives as they get to decide their working hours which helps them learn self discipline; hardly having a chance to indulge in unyielding activities, such employees are more time effective.
In the end, it’s you who should get to decide what you want. Does security matter more to you, or freedom & flexibility tempts you like anything?
Research well, before deriving a conclusion and choosing it as your lifelong career.
