1. What do you mean by employment? Discuss the two main forms of employment
Answers
Generally employment means to work or hire somewhere. But see the explanation of employment and it's types given below.
Explanation:
Employment is the relationship between two parties, usually based on a contract where work is paid for, where one party, which may be a corporation, for profit, not-for-profit organization, co-operative or other entity is the employer and the other is the employee.
Employment has various types which are given below:
Hired Worker: These are workers who are employed by others (employers) and receive a salary/wage as compensation for work. Hired workers may again be of two types:
Casual Worker: These are workers who are engaged by employers on a temporary basis for some specific work. They are not permanent and do not receive any social security or other work benefits. Example: Construction workers are contracted only for specific projects and not hired permanently. Seasonal workers such as those engaged on the farm only during the harvest season are also classified as casual workers.
Regular Salaried Worker: These are workers hired by employers on a permanent basis and are paid regular salaries/wages for their work. Example: Chartered accountants, teachers, sports trainers at a sports club.
Self-Employed: The other set of workers are those who are not employed by some employer but who own and work for their own enterprise. Example: Proprietors, business persons.
Meaning of employment:
- The activity or task that a person engages in to support his or her livelihood is referred to as employment.
- Some groups are employed based on their academic performance, while others are employed based on their capacity.
The 2 main forms of employment is Full time and part time.
Employment at Full Time
Full-time job is the most prevalent sort of employment. Full-time employees have established working hours and unlimited leave rights. Full-time job might mean different things to different people. Full-time employment frequently involves a workweek of at least 40 hours for many firms. However, the following restrictions on regular working hours for an employer set a cap of 48 hours per week and nine hours per day for normal working hours
Employment, Part-Time
Part-time workers frequently put in fewer than 30 hours a week for their employers. They possess the same duties and rights as full-time workers. They also work less regular hours than full-time employees do. Like part-time nurses and shop personnel, they may continuously work on set days of the week or on unpredictable shifts. Parents, students, and anyone whose health makes it difficult to perform a full-time job frequently should think about part-time employment.
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