Give five points of organised sector
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Answer:
☆Employees in the organised sector get social security benefits such pension, provident fund, paid leave, sick leave etc
☆The sector, which is registered with the government is called an organised sector. In this sector, people get assured work, and the employment terms are fixed and regular.
☆ A number of acts apply to the enterprises, schools and hospitals covered under the organised sector.
☆In local terms, organised sector or formal sector in India refers to licensed organisations, that is, those who are registered and pay GST. These include the publicly traded companies, incorporated or formally registered entities, corporations, factories, shopping malls, hotels, and large businesses.
☆Following are the benefits of working in organised sector. Job security Fixed wages Fixed working hours Facilities like paid leaves, sick leaves, payment during holidays Provident fund
•Job security.
•Fixed wages.
•Fixed working hours.
•Facilities like paid leaves, sick leaves, payment during holidays.
•Provident fund.