what is organised and unorganised sector
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The organised sector is one that is incorporated with the appropriate authority or government and follow its rules and regulations. On the contrary, the unorganised sector can be understood as the sector, which is not incorporated with the government and thus, no rules are required to be followed.
adityasingh1232:
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Ol`a !!
Organised Sector is a sector where the employment terms are fixed and regular, and the employees get assured work. Unorganised sector is one where the employment terms are not fixed and regular, as well as the enterprises, are not registered with the government.
Difference between organised and unorganized sector:-
sectors are majorly divided into three categories primary, secondary and tertiary. Based on the employment conditions these are further classified as an organised and unorganised sector. The organised sector is one that is incorporated with the appropriate authority or government and follow its rules and regulations. On the contrary, the unorganised sector can be understood as the sector, which is not incorporated with the government and thus, no rules are required to be followed.
While the former is related to business, government, industry involving large-scale operations, the latter include small scale operation, petty trade, private business, etc. There is a slight difference between organised and unorganised sector, which is explained in this article in detail. Have a look.
Content: Organised Sector Vs Unorganised Sector
BASIS FOR COMPARISONORGANISED SECTORUNORGANISED SECTORMeaningThe 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 byVarious acts like Factories Act, Bonus Act, PF Act, Minimum Wages Act etc.Not governed by any act.Government rulesStrictly followedNot followedRemunerationRegular monthly salary.Daily wagesJob securityYesNoWorking hoursFixedNot fixedOvertimeWorkers are paid remuneration for overtime.No provision for overtime.Salary of workersAs prescribed by the government.Less than the salary prescribed by the government.Contribution to Provident fund by the employerYesNoIncrement in salaryOnce in a whileRarelyBenefits and perquisitesEmployees get add-on benefits like medical facilities, pension, leave travel compensation, etc.Not provided.
Organised Sector is a sector where the employment terms are fixed and regular, and the employees get assured work. Unorganised sector is one where the employment terms are not fixed and regular, as well as the enterprises, are not registered with the government.
Difference between organised and unorganized sector:-
sectors are majorly divided into three categories primary, secondary and tertiary. Based on the employment conditions these are further classified as an organised and unorganised sector. The organised sector is one that is incorporated with the appropriate authority or government and follow its rules and regulations. On the contrary, the unorganised sector can be understood as the sector, which is not incorporated with the government and thus, no rules are required to be followed.
While the former is related to business, government, industry involving large-scale operations, the latter include small scale operation, petty trade, private business, etc. There is a slight difference between organised and unorganised sector, which is explained in this article in detail. Have a look.
Content: Organised Sector Vs Unorganised Sector
BASIS FOR COMPARISONORGANISED SECTORUNORGANISED SECTORMeaningThe 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 byVarious acts like Factories Act, Bonus Act, PF Act, Minimum Wages Act etc.Not governed by any act.Government rulesStrictly followedNot followedRemunerationRegular monthly salary.Daily wagesJob securityYesNoWorking hoursFixedNot fixedOvertimeWorkers are paid remuneration for overtime.No provision for overtime.Salary of workersAs prescribed by the government.Less than the salary prescribed by the government.Contribution to Provident fund by the employerYesNoIncrement in salaryOnce in a whileRarelyBenefits and perquisitesEmployees get add-on benefits like medical facilities, pension, leave travel compensation, etc.Not provided.
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