Benefits of Government Jobs
There are many perks of working in a government institution that many only dream of. That is why many people nowadays strive to find employment opportunities in public institutions. Government jobs provide an array of benefits, from insurance to retirement as well as attractive benefits package.
1. Higher pay
According to statistics, government jobs offer high salary as compared to the private sector for the same job description. In fact, most workers in public institutions get paid twice the amount employees make in privately owned companies. Unlike the private sector, government jobs have unions that ensure workers are well paid.
2. Job security
Government institutions offer job security that many only dream of in private companies. In other words, you are likely to get laid off or fired when working in a private company due to low returns or trivial issues. Government employees therefore work in a friendly environment as they enjoy job security.
3. Lucrative benefits package
In the event that an employee loses his job, the government offers lucrative severance benefits to help the worker meet his day-to-day needs until he gets another job. In some cases, severance benefits equal 24 months of regular salary.
4. Early Retirement
Another perk of working in a government owned institution is the fact that you can retire early with loads of benefits, from dental to health insurance. Most state employees enjoy early retirement when they become 55 years of age. For example, a person who is 21 years of age can step down at 51.
Many folks agree that private owned business offer more flexibility. Although this might be true, also bear in mind that private owned businesses lack financial stability and are easily affected by slow economy. When it comes to better pay and reverence benefits, government jobs still remain popular among many.