Part-Time Versus Full-Time (Cambridge (CIE) IGCSE Business)

Full-time contracts encourage loyalty to the business from employees

Having a stable and consistent workforce reduces the need for frequent hiring

Full-time employees are often more motivated, leading to higher levels of productivity

Providing benefits and a steady salary to full-time employees is more expensive than hiring part-time or contract workers

Full-time employees may be less flexible with working hours which can be a challenge in industries with fluctuating workloads

If business demands fluctuate, having a full-time workforce may lead to overstaffing during slow periods

Part-time contracts can help businesses attract and retain staff who value work-life balance

Productivity may improve as staff feel valued, having been given the option of working part-time

Can enhance workforce flexibility as it may be easier to schedule employees to work at busy times

Low business costs if the worker is only needed for part-time hours

Part-time contracts can create challenges in terms of communication and collaboration

Monitoring and managing part-time workers can be challenging

• E.g. an employee may be absent from a weekly meeting regularly as it is their day off

It may be harder for part-time employees to be promoted as they have less opportunity to gain the skills needed

Part-time employees may be less committed to the business and may be more likely to leave to get another job