Workers enjoy job security in :a)Unorganised Sectorb)Organised Sectorc)Agriculture Sectord)Private SectorCorrect answer is option 'B'. Can you explain this answer?

Question

Answer

Job Security in the Organised Sector

In the organised sector, workers enjoy job security due to several factors:

Labour laws and regulations: The organised sector is governed by labour laws and regulations that provide protection to workers, ensuring job security.

Formal employment contracts: Workers in the organised sector usually have formal employment contracts that outline their rights and responsibilities, including job security provisions.

Trade unions: The presence of trade unions in the organised sector helps in negotiating and safeguarding the interests of workers, including job security.

Collective bargaining: Workers in the organised sector have the power to collectively bargain for better working conditions, wages, and job security.

Government support: The government often provides support and protection to workers in the organised sector through various social security schemes, such as provident funds, pension schemes, and insurance coverage.

Overall, the organised sector offers a more secure working environment for employees compared to other sectors.

Answer

Organised Sector provides job security to workers

Formal Contract: In the Organised Sector, workers are typically employed under formal contracts which outline their job responsibilities, salary, benefits, and other terms of employment. This provides a level of security and clarity to the employees.

Regulations and Policies: The Organised Sector is governed by various labor laws, regulations, and policies that are designed to protect the rights of workers. These regulations often include provisions for job security, such as notice periods for termination and severance pay.

Employee Benefits: Workers in the Organised Sector often have access to a range of benefits such as health insurance, retirement plans, paid time off, and other perks. These benefits contribute to job security by providing a safety net for employees.

Trade Unions: Many workers in the Organised Sector are members of trade unions, which negotiate on their behalf with employers to secure better wages, working conditions, and job security. Unionized workers often have stronger job security than non-unionized workers.

Career Development: Organised Sector companies often invest in the training and development of their employees, providing opportunities for career advancement and growth within the organization. This can contribute to job security by offering employees a clear path for progression.

By offering formal contracts, complying with regulations, providing benefits, supporting trade unions, and investing in career development, the Organised Sector ensures job security for its workers.

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