Compare the employment conditions prevailing in the organized and unorganized sectors.
Organized sector | Unorganized sector |
(i) In this sector the terms of employment are regular and people are employed for long term. | (i) In this sector the terms of employment are regular but people are never sure for their work, they can be expelled from the job at any point of time. |
(ii) These sectors are officially registered by the government and they have to follow these official rules which are provided in various laws such as the factories act, minimum wages act, etc. | (ii) In this sector registration of any is mandatory. They don’t have to follow any rules and regulations which are set up by the government. |
(iii) This sector has formal procedures to follow. | (iii) This sector has no formal procedures to follow. |
(iv) The workers work only for the fixed time, and if they work more they are paid more. | (iv) No time is fixed and even they don’t get the payment of their labour on time. |
(v) Besides their earning various kinds of bonus from the employers like paid leave, payment during holidays, provident fund, pensions, gratuity, medical benefits etc. | (v) No provisions for overtime, no paid leave, holidays, leave due to sickness etc. |