It's true that temporary employees are cheaper. But most companies still need full-time employees to get the job done. According to a recent piece by Yahoo's Daily Ticker that included an interview with James Altucher, employees are part of the "walking dead." They can be easily replaced in this new employee-less society. Altucher is the managing director of Formula Capital.
Having a competitive edge
I've worked in public relations and the media as a freelancer as well as a full-time employee and supervisor. I know first hand that the job market is extremely competitive. People I know in the media industry compete for full-time jobs, relying on freelance work as a backup. I know some colleagues took company buy-outs thinking they could find better jobs. However, they regretted their decisions ultimately as they found the job market to be more competitive than they had imagined. I can't imagine most employees would be better off quitting their jobs, as Altucher suggested.
Networking gets a job, and keeps it
According to the Daily Ticker piece, temp staffing is sweeping the nation. In many cases, however, hiring temporary employees is simply impractical. With the company I work for it could take months just to train the temp on how to use the computer system and software. Also, a lot of customers and business partners don't want to talk to another new person every few months. It's important to establish long-term ties with people in the community. That's why the companies I've worked for typically pay for employees to attend networking events.
Starting your own business
Not everyone is cut out to own their own business. One of my former coworkers decided to start a small business about 10 years ago. She has been working on the same business plan for a decade, yet still hasn't made a profit. Fortunately, she can rely on her husband's income to pay the bills. Although she has put a lot of effort into it, she didn't have the entrepreneur gene.
Having an exit strategy
I think in some cases, it may be time to quit a job and move on. However, I would tend to make a job move when the economy is good as opposed to when it's shaky. I recently read an article by CNBC about knowing when it's time to quit your job. I've technically only quit one job in my adult life. On two other occasions, I left my freelance work behind due to a move across the country. When I quit the full-time job, I had work lined up. Even if I was noticing all the signs that it's time to leave my job, I wouldn't make an exit until I had another full-time job lined up.
Some of the signs that it's time to leave your job are simply things I'd deal with as part of the new normal in the workplace. Dreading going to work in the morning, disliking the type of work, not fitting into the company, getting passed over for promotions and having serious concerns about the financial stability of a company are all so-called signs that simply don't matter to me. Sometimes as adults we have to take the good with the bad and realize that in this economy we are fortunate to have steady employment.
*Note: This was written by a Yahoo! contributor. Do you have a personal finance story that you'd like to share? Sign up with the Yahoo! Contributor Network to start publishing your own finance articles.
More from this contributor:
- Employment & Career