classify sectors on basis of employment conditions
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They are classified into two types
(i) Organized
(ii) Unorganized
The organized sector covers those enterprises or places of work where the terms of employment are regular and therefore, people have assured work. They are registered by the government and have to follow its rules and regulations which are given in various laws such as the Factories Act, Minimum Wages Act, Payment of Gratuity Act, Shops Act etc. Examples are reliance Industries Ltd, Tata Motors etc.
The unorganized sector contains enterprises not registered by the government. The unorganized sector is characterized by small and scattered units which do not follow proper rules for employment or give any leaves or other benefits. Examples are casual workers in construction, in shops, garages, etc.
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(i) Organized
(ii) Unorganized
The organized sector covers those enterprises or places of work where the terms of employment are regular and therefore, people have assured work. They are registered by the government and have to follow its rules and regulations which are given in various laws such as the Factories Act, Minimum Wages Act, Payment of Gratuity Act, Shops Act etc. Examples are reliance Industries Ltd, Tata Motors etc.
The unorganized sector contains enterprises not registered by the government. The unorganized sector is characterized by small and scattered units which do not follow proper rules for employment or give any leaves or other benefits. Examples are casual workers in construction, in shops, garages, etc.
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on the basis of employment condition the sectors can be classified into organised and unorganised sectors
the organised sector has companies registered with given government and hence it offers job security, paid holidays, pensions, health and other benefits fixed working hours and extra pay for overtime work
on the other hand in the unorganised sector there is no job security, no paid holidays or pensions on retirement, no benefits of provident funds or health insurance, and fixed working hours and no guarantee of safe work environment
the organised sector has companies registered with given government and hence it offers job security, paid holidays, pensions, health and other benefits fixed working hours and extra pay for overtime work
on the other hand in the unorganised sector there is no job security, no paid holidays or pensions on retirement, no benefits of provident funds or health insurance, and fixed working hours and no guarantee of safe work environment
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