ipl-logo

Advantages And Disadvantages Of Informal Employment

1980 Words8 Pages

As we all know, we live in a formal economy which regulates for the working hours, duties, responsibilities, conditions of work etc. This in return helps companies and employees to track the salaries easier, ensure that human rights are being respected and helps for a better function of the market. The market is a platform of production, allocation and distribution of resources in order to ensure efficiency in using those products since there is an abundance of resources in the world and an efficient utilizing mechanism should be created for them. As a result, countries have created rules and regulations through which they organize the market and the economy of each country, therefore, we can say that the majority of the countries have formal …show more content…

Some of the characteristics of informal employment include: low wages, lack of contract, no working hours policy, weak conditions of health and safety, uncomfortable housing etc. Earnings are unstable and irregular, since the employers pay according to the availability of funds and there is no mechanism to force them to give the wages on time. Lack of contract is the major implication of informal employment because it is the mechanism that regulates for responsibilities, human rights, hours worked etc. Not having a contract allows any party to impose different rules on employees which then questions the compliance with human rights and leads to exploitation of workers. In the other hand, since payment is calculated according to hours worked, people are forced to work longer hours due to low payment and in return this activity causes inequality and breaks the rules for working hours set by the government. People who work long hours have no time to spend on other life activities which soon becomes a burden that decreases their happiness and

Show More
Related

  • Phl 320 Labour Practice Research Paper

    873 Words  | 4 Pages

    Labor Practice Paper Angelia Henry PHL/320 May 2, 2016 Bridget Peaco Labor Practice Paper Merriam-Webster online defines a sweatshop as a shop or factory where employees work long at a low wage that is under poor and unhealthy conditions (Merriam-Webster On-line Dictionary, 2016). Sweatshops are factories that violate two or more labor laws to include wages, benefits, child labor or even working hours (Ember, 2014-2015). Companies will attempt to use sweatshop labor to lessen the cost to meet the demands of customers. When we think of sweatshop, we always want to look at third world countries and never in our own backyard. In 2012, the company Forever 21 was sued by the US Department of Labor for ignoring a subpoena requesting the information on how much it pays its workers just to make clothes (Lo,

    Read More

  • Poor Working Conditions In Upton Sinclair's The Jungle

    632 Words  | 3 Pages

    (428) Because of this, their wages would increase and decrease rapidly. This made their family constantly worrying about how much money they had. After working for so long, workers begin to become reckless, hurting themselves and causing

    Read More

  • Psy201 Week 3 Assignment

    508 Words  | 3 Pages

    My job definitely consumes part of my day and life. People have to grow within a job. The cycle continues as you get older different jobs they should be able to have personal control over their own life, obtain skilled work habits and attitudes. Everyone is different and that what makes his or her self-concept, abilities, values,

    Read More

  • Rhetorical Analysis Of Why We Should Work Less By Richard Schiffman

    582 Words  | 3 Pages

    Have you ever wondered if there’s a thing such as “working too much”? In Richard Schiffman’s article “Why we should work less” he writes about the effects working too much has on Americans. Working too much takes a toll on peoples mental health, they could lose their social life, or begin drinking for relaxation, along with many other affects. The author builds an argument to procure the audience that we need to work less. Schiffman creates this argument by using multiple techniques such as using personal experiences from his friends, data to support his claim, and appeals to the audience's sense of logic.

    Read More

  • Pros And Cons Of Child Labor In The United States

    677 Words  | 3 Pages

    Child Labor in the United States was different than Child Labor in China But also the same in some ways too. There were pros and cons to each of them. Some might have been better in the United States and worse in China and some might be better in China and worse in the United States. In the United States, children were cheaper, more manageable, and they were also less likely to strike.

    Read More

  • Laws And Controls In Ayn Rand's Anthem

    961 Words  | 4 Pages

    The laws and controls can be mainly displayed

    Read More

  • Andrew Curry's Summary

    745 Words  | 3 Pages

    The author Andrew Curry thinks that workers today are unfulfilled because they would rather work a job they do not like and earn more money than work a job that they are passionate about and earn less. He also talks about how people seem to work more than relax in today's age like when he says “instead of working less, our hours have stayed steady or risen.” (Curry, Kirszner and Mandell 399) the evidence that he uses to connect his view is the amount of people who complain about their jobs. Nowadays everyone knows a person that constantly complains about his or her job but they still work that same job because of the financial gain. Many people today hate the job they work but that same job is the reason they have a car, house etc.

    Read More

  • Nursing: The Nursing Process

    893 Words  | 4 Pages

    Researchers theorize that shift work exerts adverse effects in nurse by disturbing circadian rhythms, sleep, and family and social life. Disturbances in circadian rhythms may lead to reductions in the length and quality of sleep and may increase fatigue and sleepiness, as well as gastrointestinal, psychological, and cardiovascular symptoms. In addition, working at unusual times may make it difficult to interact with family and maintain other social contacts. Similarly, long work hours may reduce the time available for sleep, leading to sleep deprivation or disturbed sleep and incomplete recovery from work. This may adversely affect nervous, cardiovascular, metabolic, and immune functioning.

    Read More

  • Socialism Vs Capitalism Essay

    732 Words  | 3 Pages

    Definition of Capitalism What is capitalism? According to Adam Smith, both parties in a capitalist system, the buyer and the seller, act in a voluntary transaction to achieve the outcome that serves their self-interest. However, both parties cannot obtain what they want without delivering the needs of the other. In definition, capitalism is an economic system where properties can be controlled and owned by private sectors to suit their interest, which is to gain profits, while the demand and supply of goods and services set the market prices to serve the interest of the society.

    Read More

  • Surprisingly Affect Your Health Essay

    756 Words  | 4 Pages

    Sometimes overworking and neglecting health can become a serious issue for them. They are more prone to chronic diseases and digestion related problems. Health Tip Eat foods such as fish, seeds, nuts and green vegetables to maintain a healthy diet. Also, meditate for few minutes daily to remove work related

    Read More

  • The Pros And Cons Of A Contingent Workforce

    1030 Words  | 5 Pages

    Throughout my report I will seek to investigate the pros and cons of operating a contingent workforce. I will look at how it affects the landscape of an organisation and the impacts it has on retaining a competitive advantage. I will also look at whether it is best practice from a Human Resource (HR) point of view and how HR can best manage to retain the knowledge these individuals have and are given while working with an organisation. A contingent workforce can be defined as ‘Is a provisional group of workers who work for an organization on a non-permanent basis, also known as freelancers, independent professionals, temporary contract workers, independent contractors or consultants.’

    Read More

  • Health Inequalities Essay

    894 Words  | 4 Pages

    Employment provides the financial security which a person can use to live a happy and healthy lifestyle. This is further enhanced when the work is good for example the hours of work are such that a person can have more family time and exercise. This can result in improved health outcomes of an individual. The condition of lower-status work tends to be poorer than higher status work. A flexible workforce is seen as good for economic competitiveness but brings with it effects on health (Benach & Muntaner, 2007).

    Read More

  • Internal And External Factors That Influence Safety Culture

    1409 Words  | 6 Pages

    Many organisation argue that they should move away from the ideology of HSE legislation standards because of it’s many regulation(red-tape) affect the way business is done The Rt Hon Michael  Fallon et al., 2013). The reason organisation believes in a more “laissez faire” way of doing things, it that is help drives the market into a more competitive form of business in comparison to the “laissez faire” of trade Kelloway and Cooper,

    Read More

  • External Factors In The Hospitality Industry

    1245 Words  | 5 Pages

    Every industry to include the hospitality industry is impacted by external factors which directly influence organizational behavior and decision making. There are numerous factors to be considered, but political, economic, and social are three of the most influential. These outside factors sway managerial operational decisions daily regarding personnel, spending, policy, and short-term and long-term strategic planning concerning both core and exterior operations. As within every industry, the hospitality industry has unmanageable elements that affect management or ownership of hospitality establishments (Lewis 2017). Understanding these factors is important because it provides an opportunity for contingency planning (Lewis, 2017).

    Read More

  • Disadvantages Of Labor Relations

    926 Words  | 4 Pages

    The term labour relations, refers to the system in which employers, employees and their representatives (management) and, the government who all interact and work together directly and indirectly to set the ground rules for working relationships inside and organization. labour relations has its roots stemming from the industrial revolution, where we saw the emergence of trade unions to represent workers and their rights. A labour relations system reflects the interaction between the main actors in the organization namely the government, the employer, trade unions and employees. Well set out labour relations in an organization safeguards fair labour practices, as well as contributes to long term success within the organization. There are multiple advantages to the Labor Relations Act, all of these advantages are put into place in order to protect the well being of the employee as well as the employer both on a fair and equal basis.

    Read More

More about Advantages And Disadvantages Of Informal Employment

Open Document