distinguish between formal and informal jobs
Distinguish between formal and informal jobs
Answer:
Formal and informal jobs are two categories that describe different types of employment. Here are the key differences between formal and informal jobs:
Formal Jobs:
Formal jobs are those that are legally recognized and regulated by the government. These jobs typically offer job security, benefits (such as healthcare, paid leave, and retirement plans), and a stable income. Employees in formal jobs usually have a written contract outlining their rights, responsibilities, and terms of employment. These jobs often require specific qualifications, skills, and education.
Informal Jobs:
Informal jobs, on the other hand, are not legally recognized or regulated by the government. These jobs are often characterized by a lack of social protection, benefits, job security, and written contracts. Informal jobs are more common in sectors such as street vending, domestic work, and small-scale agriculture. Workers in informal jobs may not have access to social security benefits or legal protections against unfair treatment or dismissal.
In summary, formal jobs provide more stability, benefits, and legal protections for employees, while informal jobs are typically characterized by a lack of regulation and social security.