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Permanent Employment refers to a situation where the employee is expected to remain with the employer permanently, rather than for a temporary period of time. Realistically, most employees do not remain with one employer for their entire working career, however, it is an important way of distinguishing who gets benefits, and who gets a certain status within the given company. Usually permanent employees are the ones who get the best treatment from their employer. Temporary employees are expected to leave within a certain period of time, ranging from 1 week up to 1 year. (Temporary employees are sometimes called "contractual" or "seasonal" or "temps.")
Often people confuse "permanent" with "full-time." While many permanent employees do work a full-time week, there are also permanent employees who work part-time. In addition, there are temporary employees who work full-time, and some who work part-time.