There may be more cons to adding that second holiday job to your already stressed life than just screaming toddlers and stressed-out shoppers. Consider carefully if the benefit of extra income outweighs the cons of a second job. During the holidays, businesses often hire extra employees to help with the rush of the holiday season. Many employees consider taking on a second job to earn extra income during the holidays. However, depending on what your “day” job is and what your current financial situation is, adding a seasonal job may or may not benefit you.
Tax Issues – Holiday or seasonal jobs increase your income which can benefit you by providing you with extra money to pay down debt, invest, holiday shop, save for a large purchase or even a vacation next year. However, remember that when you increase your net income you increase your taxable income as well which may put you into a higher tax bracket. While most part-time holiday jobs pay minimum wage and may not have an adverse effect on you at tax time, it is best to make sure of this before you face Uncle Sam on April 15th.
Time Management – Having a full time job leaves little time for family, school and other activities, especially during the busy holiday seasons. Adding a second job decreases the amount of free time you have to enjoy the benefits of your hard work. Furthermore, most seasonal jobs pay minimum wage or barely above minimum wage, so you should consider how valuable your time is compared to the amount of net income you will receive (the government gets its fair share of your seasonal income first). While part-time jobs do tend to have flexible hours, you must be very careful not to allow your holiday job to jeopardize your full-time “day” job. Many employers do not like the idea of their employees working two jobs because they feel that those employees do not perform as well as those who have only one job.
Your Resume – While having a variety of work experience may look good on a resume for certain careers, for some careers it may appear that you are not a long-term type of employee. Working seasonal jobs during the holidays provides employees with new skills, experience working with the public as well as good references for your resume. However, you may to consider listing seasonal jobs under a separate category on your resume, especially if you have held numerous holiday jobs, so that potential employers do not take a quick glance at your work history and assume you cannot hold a position for very long.
Benefits – Often there are no benefits, such as insurance, holiday pay or retirement, offered with temporary jobs during the holidays. One benefit that most of them do offer can save you money though – – employee discounts!