BUISENESS MANAGEMENT
BUSINESS STRUCTURE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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They will have to get to work everyday which means they will have to pay out for transport.
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They have to work a lot harder for less money, meaning they would be unhappy.
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They have a stable sustained job therefore they will have a stable income which means they will be able to sustain their lifestyle.
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None of the above
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Detailed explanation-1: -The company provide savings schemes like Provident Fund for the retirement of the employee. The company provide medical insurance to an employee. The employee is eligible for a hike in pay. A regular employee is also entitled to regular holidays and can also avail leaves on festivals.
Detailed explanation-2: -In a permanent and regular job an employee gets a regular salary every month. Besides, a regular salary he gets other benefits such as savings for old age, holidays, medical facilities for his family, etc. Thus, his job is secured.
Detailed explanation-3: -In a permanent role, you will receive promotions based on your performance, whereas, as a contract worker, you are not deemed to receive any promotions. To progress in your career as a contractor, you would need to look for another job at a higher level in the hierarchy after the completion of your current contract.
Detailed explanation-4: -In addition to getting a steady paycheck and job security, permanent employees enjoy advantages such as health insurance, retirement savings plans and paid time off.