You’ve probably already seen the signs: “Hiring for the holidays! Apply now!”
You can find them in nearly every store. And it’s hard not to be tempted by their promises of flexible hours, good pay, and store discounts.
This year, the National Retail Federation estimates that their represented businesses will hire as many as 690,000 seasonal or temporary workers. This doesn’t include the numerous other industries that also open their payrolls for people interested in making some extra cash.
For the last fifteen years, I’ve been one of those people with resumes in hand and an empty schedule from October through February applying for seasonal jobs. I’ve worked a variety of positions, from a cashier at a major big box store to singing carols with a Dickinson-style troupe.
With all this seasonal employment under my belt, I can say that there are some major pros and cons of working holiday jobs. Here are a few things you should consider before submitting your application.
What are seasonal jobs?
When we think of seasonal jobs, we usually think of cashiering at a busy department store on Black Friday.
But there are a lot of temporary job assignments that can be classified as “seasonal.” In fact, it doesn’t even have to be during the early winter months.
What’s more, seasonal employees are given the same protections and benefits as those who are part-time or full-time workers, according to the U.S. Department of Labor. This includes being paid overtime and receiving at least a minimum wage.
In other words, your ideal seasonal job may be working as a tour guide during the busy tourist season from May through August. You could even work a holiday job that’s not during the winter, like dressing up as an Easter bunny or staffing a Halloween haunted house.
And once you’re done with your seasonal jobs, some businesses may guarantee you your position for the next season. Or, in some cases, working a holiday job could even lead to a regular, full-time job.
Pros of working a holiday job
When I was just out of college and struggling to pay my bills as a first-year teacher, I was genuinely scared of the holidays. I could barely pay my rent, let alone buy my niece a $10 gift.
That’s when I decided to ramp up my seasonal employment. My first year, I brought in over $10,000 in just three months. That was enough to pay my rent for the remainder of my lease, pay off a small car loan, and give my family presents for the holidays.
Instead of taking money out of your regular paychecks for extra payments, this “added” money can be used instead. And, you won’t miss it when it’s gone.
For those not working a steady job while working seasonally, holiday jobs can be a great way to tie you over through a period of unemployment. Or during a post-graduation job hunt.
However, if you’re currently receiving unemployment benefits and considering applying for a seasonal job, check with a labor expert in your state on rules regarding seasonal employment.
What are the benefits of holiday jobs?
There are also many store benefits employees can enjoy that make seasonal work more attractive. For example, a 20 percent discount at a favorite store could save your big bucks when you do your holiday shopping there.
Other seasonal jobs, such as travel-related industries, may provide free lodgings on top of your paycheck.
Finally, if you’re looking to transition or find a new job, taking on a seasonal job may be your ticket in. Inexperienced workers can build that resume with seasonal work and add a host of potential references.
Make an impression on your boss, and you may even find yourself with a full-time regular job with the same company.
Cons of taking on seasonal work
The pay and benefits attached to seasonal jobs probably sound amazing. But a couple of hundred extra dollars a week may not be worth it for some people.
For one thing holiday jobs take away from, well, the holidays! Many retailers expand their business hours during the holidays. This could mean longer shifts and the possibility of working during the actual holidays.
Also, it will most likely be difficult to take a day off. Or even a vacation. Although some businesses vary on this, most seasonal jobs aren’t set up to accommodate paid leave or sick days either.
Employee benefits may be limited, too. There are most likely fewer opportunities for raises or advancement, and health insurance or retirement plans may be limited.
Should you work this holiday?
Seasonal work has long been my ticket to finding financial freedom.
However, it has come at a cost. You may lose out on enjoying the holidays with friends or have to work long hours after your regular day job.
With the pros and cons staked each way, it’s important to weigh all considerations before taking on seasonal jobs in the future.
Interested in a personal loan?Here are the top personal loan lenders of 2019!
|Lender||APR Range||Loan Amount|
|1 Includes AutoPay discount. Important Disclosures for SoFi.
2 Includes AutoPay discount. Important Disclosures for Opploans.
Direct Deposit required for payroll.
Opploans currently operates in these states: . *Approval may take longer if additional verification documents are requested. Not all loan requests are approved. Approval and loan terms vary based on credit determination and state law. Applications processed and approved before 7:30 p.m. ET Monday-Friday are typically funded the next business day.
3 Includes AutoPay discount. Important Disclosures for Payoff.
4 Important Disclosures for FreedomPlus.
5 Important Disclosures for Citizens Bank.
Citizens Bank Disclosures
6 Important Disclosures for LendingPoint.
7 Important Disclosures for LendingClub.
All loans made by WebBank, Member FDIC. Your actual rate depends upon credit score, loan amount, loan term, and credit usage & history. The APR ranges from 6.95% to 35.89%*. The origination fee ranges from 1% to 6% of the original principal balance and is deducted from your loan proceeds. For example, you could receive a loan of $6,000 with an interest rate of 7.99% and a 5.00% origination fee of $300 for an APR of 11.51%. In this example, you will receive $5,700 and will make 36 monthly payments of $187.99. The total amount repayable will be $6,767.64. Your APR will be determined based on your credit at the time of application. The average origination fee is 5.49% as of Q1 2017. In Georgia, the minimum loan amount is $3,025. In Massachusetts, the minimum loan amount is $6,025 if your APR is greater than 12%. There is no down payment and there is never a prepayment penalty. Closing of your loan is contingent upon your agreement of all the required agreements and disclosures on the www.lendingclub.com website. All loans via LendingClub have a minimum repayment term of 36 months. Borrower must be a U.S. citizen, permanent resident or be in the United States on a valid long term visa and at least 18 years old. Valid bank account and Social Security number are required. Equal Housing Lender. All loans are subject to credit approval. LendingClub’s physical address is: LendingClub, 71 Stevenson Street, Suite 1000, San Francisco, CA 94105.
†Per reviews collected and authenticated by Bazaarvoice in compliance with the Bazaarvoice Authentication Requirements, supported by anti-fraud technology and human analysis. All reviews can be reviewed at reviews.lendingclub.com
**Based on approximately 60% of borrowers who received offers through LendingClub’s marketing partners between January 1, 2018 to July 20,2018. The time it will take to fund your loan may vary.
8 Important Disclosures for Earnest.
9 Important Disclosures for Avant.
*If approved, the actual loan terms that a customer qualifies for may vary based on credit determination, state law, and other factors. Minimum loan amounts vary by state.
**Example: A $5,900 loan with an administration fee of 4.75% and an amount financed of $5,619.75, repayable in 36 monthly installments, with an APR of 29.95% would have monthly payments of $250.30.
Based on the responses from 11,574 customers in a survey of 210,584 newly funded customers, conducted from 1 Feb 2018 – 1 Aug 2019 95.05% of customers stated that they were either extremely satisfied or satisfied with Avant. 4/5 Customers would recommend us. Avant branded credit products are issued by WebBank, member FDIC.
* Important Disclosures for Upgrade Bank.
Upgrade Bank Disclosures
* Personal loans made through Upgrade feature APRs of 6.98%-35.89%. All personal loans have a 1.5% to 6% origination fee, which is deducted from the loan proceeds. Lowest rates require Autopay and paying off a portion of existing debt directly. For example, if you receive a $10,000 loan with a 36-month term and a 17.98% APR (which includes a 14.32% yearly interest rate and a 5% one-time origination fee), you would receive $9,500 in your account and would have a required monthly payment of $343.33. Over the life of the loan, your payments would total $12,359.97. The APR on your loan may be higher or lower and your loan offers may not have multiple term lengths available. Actual rate depends on credit score, credit usage history, loan term, and other factors. Late payments or subsequent charges and fees may increase the cost of your fixed rate loan. There is no fee or penalty for repaying a loan early. Personal loans issued by WebBank, Member FDIC.
** Accept your loan offer and your funds will be sent to your bank via ACH within one (1) business day of clearing necessary verifications. Availability of the funds is dependent on how quickly your bank processes this transaction. From the time of approval, funds should be available within four (4) business days.
|5.99% – 20.01%1||$5,000 - $100,000|
|6.14% – 35.99%||$1,000 - $50,000|
|6.98% – 35.89%*||$1,000 - $50,000|
|99.00% – 199.00%2||$500 - $4,000|
|5.99% – 24.99%3||$5,000 - $35,000|
|5.99% – 29.99%4||$7,500 - $40,000|
|6.79% – 20.89%5||$5,000 - $50,000|
|15.49% – 35.99%6||$2,000 - $25,000|
|6.95% – 35.89%7||$1,000 - $40,000|
|5.99% – 17.24%8||$5,000 - $75,000|
|9.95% – 35.99%9||$2,000 - $35,000|