Job market: Pros and Cons between temporary, long-term and/or permanent contracts

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A lot of things have changed and the next decennia are upcoming. With the rise of digitalization today. There would be no way to escape on the lifestyle of the Millenials and Generation Z or there would be a certain chance of losing employees or not attract the candidates you would love to attract.

The comparison

Would you as an employer like to know how to play with the cards you hold in your hands, to keep your employees and attract the right candidates? Or as a candidate, would you love to know the Pros and Cons between temporary, long-term/permanent contracts?

In this article, we will discuss from our perspectives the Pros and Cons of temporary, long-term, and/or permanent contracts for the Millenials and Generation Z.

Millenials and Generation Z

My name is Khrisando Banshi, one of the initiators of Employ-IT, CareersInEindhoven and I am a Millenial / Generation Z myself. I do not intend to speak for the whole Millenial generation nor Generation Z. I still remember the time that we did not have any smartphones, however, computer and digitalization are in my blood and vessels. A lot of Generation Z have grown up with apps, youtube, and Social-Media. Our generation is not addicted to digitalization, it is just part of our lives. Even if it seems we do not pay attention, because we are on our tablets or smartphones does not mean we are not.

Today most of our generation would be graduated and Generation Z is still in college or universities, but it would not be for too long until they graduate. We get dopamine from likes and views is what most people would say about us. Millenials and Generation Z strive for the better. With Googling and finding a lot of information online, we know that the world is small and knows all the possibilities that lie ahead.

Even during COVID-19 (Coronavirus), it does not matter for the Millenials and Generation Z in what place and where we would work or be educated if it would be online from home or from any other country at the balcony. Let’s discuss the Pros and Cons of contract types and how we benefit from them.

1. Temporary contracts. Pro: Flexibility

Temporary projects or jobs give employees flexibility, and employees do experience from different companies. This would be called “hopping from.. to..”. Millennials and Generation Z are very flexible and perfect to adapt to different situations. It does not matter from what place they work, where they work. If they get a task sheet, they will just complete the tasks.

2. Temporary contracts. Cons: Too many different jobs and projects looks bad on their resume

If they have a lot of different companies they have worked for written on their resume and then apply for another vacancy. The recruiter may ask questions about it, and there would be a bigger chance that the recruiter will have the feeling that the candidate will leave their company after 3-4 months. But the employer should not judge a candidate about it, but ask questions about it. Because the real problem could be that their employers did not challenge their employees enough or could fulfill the needs of their employees.

3. Temporary contracts. Pro: You take opportunities, with the possibility of a permanent contract

If students just have been graduated, most of the time they have little or no experience. If candidates see a vacancy for a temporary project, they should apply to it. Candidates take opportunities and will get the chance to do some experience. Who knows in the future employees with temporary contracts will get offered a longer-term contract.

4. Temporary contracts. Cons: Lack of certainty, dependability, and stability

With temporary contracts given to employees, there would be no way for employees, Millenials, and Generation Z to have stability. For companies, they will have stability, and whenever they would like to do, they have the power to not extend a contract of employees. Companies need to take this in their account, that giving temporary contracts can give their employees the feeling that they are just a number. They must not forget, that employees are also humans.

So how would you as an employer to keep your employees from applying on other job interviews or attract the right candidates, and to offer the right type of employment contract? And for employees how to get more benefits or challenges from your employer?

The solution in just 2 words: Ask questions!