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What are the differences between organised and unorganized sector? |
| Answer» Key Differences Between Organised and Unorganised SectorThe difference between organised and unorganised sector can be drawn clearly on the following grounds:\tOrganised Sector is a sector where the employment terms are fixed and regular, and the employees get assured work. Unorganised sector is one where\xa0the employment terms are not fixed and regular, as well as the enterprises, are not registered with the government.\tA number of acts apply to an organised sector like Factories Act, Bonus Act, PF Act, Minimum Wages Act, etc. whereas unorganised sector is not governed by any such act.\tThe government rules are strictly followed in the organised sector, which is not in the case of unorganised sector.\tIn organised sector, the employees draw regular monthly salaries. On the other hand, in the unorganised sector, the workers are paid on a daily basis.\tJob security exists in the organised sector, but not in the unorganised sector.\tThe organised sector, provide additional remuneration to employees for overtime. Conversely, there is no such provision for overtime in case of the unorganised sector.\tIn organised sector, the salaries of employees are as per government norms. In contrast to an unorganised sector where wages are below, what is\xa0prescribed by the government.\tIn organised sectors, workers get a hike on salary, once in a while. As opposed to an Unorganised sector where the salaries or workers are rarely hiked.\tEmployees get add-on benefits like medical facilities, pension, leave travel compensation, etc. in the organised sector, which is not provided to the\xa0employees working in unorganised sector. | |