Distinguish between service conditions of organised sector and unorganized sector
Answers
BASIS FOR COMPARISON ORGANISED SECTOR UNORGANISED SECTOR
Meaning The sector in which the employment terms are fixed and employees have assured work is Organised sector. The sector that comprises of small scale emterprises or units and are not registered with the government.
Governed by Various acts like Factories Act, Bonus Act, PF Act, Minimum Wages Act etc. Not governed by any act.
Government rules Strictly followed Not followed
Remuneration Regular monthly salary. Daily wages
Job security Yes No
Working hours Fixed Not fixed
Overtime Workers are paid remuneration for overtime. No provision for overtime.
Salary of workers As prescribed by the government. Less than the salary prescribed by the government.
Contribution to Provident fund by the employer Yes No
Increment in salary Once in a while Rarely
Benefits and perquisites Employees get add-on benefits like medical facilities, pension, leave travel compensation, etc. Not provided.