Using examples, explain the advantages and disadvantages of informal employ
to people living in cities.
Answers
Answer:
i know the correct answer .
Explanation:
Estimates vary because by its very nature it goes un-reported to the goverment so no statistics are kept . The IRS estimates it loses about $500 billion a year in tax revenues due to unreported wages . Assuming a 15% income tax rate and another 15% for FICA and medicare taxes that would about $1.7 trillion of unreported wages.
Answer:
Advantages of informal employment are:
1) It meets the social needs of the members and hence results in a sense of belongingness among them.
2) It has a powerful positive influence on productivity and job satisfaction.
3) It serves as a faster channel of communication.
4) It helps in achieving organisational objectives by compensating for the limitations of the formal structure.
Disadvantages of informal employment:
1) It is very difficult for management to bring changes in the organisation if the informal organisation opposes them. Such resistance may restrict the growth of the organisation.
2) Sometimes informal organisation becomes a disturbing force, which can go against organisational interests, e.g., spreading rumours in the organisation.
3) It is based on mutual relationships rather than on division of work as anybody can talk to any person in any department about any topic. Hence, specialisation is not possible.