What are the advantages/disadvantages of signing a long term work contract (5 years ) : For employer. For employee.

Advantages:

Both are protected: Employer for migration  threats Employee for: a consistent job.

Both of them can plan: Employer for appropriate filling of the job position Employee for a  better position.

Other areas: I would like to support the answers given by our colleagues.

Advantages:

1. Cost effective.

2. Time saving

3. Quality of work.

Disadvantages:

1. Reluctant.

2. Lack of commitment.

Advantages

1. Long term certainty

2. A secure salary

3. Permanence

Disadvantages

1. Entrapment

2. Career progression

3. Working environment

adv.

save emp for long time in co.

save the chart for emp

    A secure salary

.

dis adv.

my be co. or emp. don't like to contuine with co.

I BELIEVE FOR THE EMPLOYER SIDE IT IS GETTING THE LONG TERM COMMITMENT FROM AN EMPLOYEE AND THE COST SAVING ASSOCIATED WITH RECRUITING OF A NEW EMPLOYEE  EVERY YEAR OR TWO IN ADDITION TO SAVING ON TRAINING OF THIS NEW EMPLOYEE.DISADVANTAGES  ARE LOW PERFORMANCE EXPECTATIONS FOR SUCH CANDIDATES.

FROM THE SIDE OF THE EMPLOYEE IT IS JOB SECURITY,CONSTANT PAY CHECK,EXPERIENCE.DISADVANTAGE WILL BE THE FEELING OF BEING TRAPPED.

Thanks for the invitation

in my point of view i think it depends

on the contract points itself

and i do agree with both answers given by

Mr.:Saiful Islam Hiron & Mr.:Divyesh Patel

as well too for sure......

EMPLOYEE

Advantages : Secured Job, Ability to grow with efforts and dedication, entitlement of benefits as service is longer, better experience.

Disadvantages : Termination of Contract during tenure, To abide contract for5 years during downturn / booming period.

EMPLOYER

Advantage : competent employee for long period, cost effective, eliminate training & hiring cost for5 yrs., 

Disadvantage : None.

I would love to sign such a contract. Normally when u joinn a co u become a permanent emploee from6 months to1 year. Do u know any one who can offer such a contract.

Advantages for employers:

- It helps them define how far can they go with investing in developing the employee

- It helps the company with long term planning

- Save training time

- Have well skilled personnel

Disadvantages for Employer:

- If the employee seem not to have the desired qualities, they get stocked to him.

Advantages fro employee:

- Gives more certainty in a job

- Better chances to develop himself and get more experience

Disadvantages for employee:

- It will be difficult to look for better job somewhere else.

It depends on the T&C's of this contract for two parties

however, I see disadvantages is greater than advantages it must not be more than1 year renewable contract