Organized sector :
The organized sector is a term used to describe a part of the economy that is formally registered and provides a variety of formal benefits to its employees.
Advantages of the organized sector:
1. Security:
The organized sector is a safer place to work as compared to the unorganized sector.
Workers in the organized sector are protected from being laid off without valid reason or notice period.
2. Social security:
The organized sector offers certain social security benefits to its employees, such as provident funds, gratuity, pension, insurance, etc.
3. Better work environment:
The work environment in the organized sector is generally healthy and provides an opportunity for personal growth and development.
4. Job satisfaction:
Employees in the organized sector find more job satisfaction because of better pay and working conditions.
5. Career progression:
Employees in the organized sector have opportunities to grow and develop within their organization by being promoted or given higher responsibilities within their organization.
Final answer :
The workers have job security and get regular wages.
They receive other benefits like bonuses, leave with pay, and provide funds.
The factories also have canteen facilities where workers get food at subsidized rates.
Workers can join unions to demand their rights from their employers.
They are also entitled to various social security measures like pensions, accident insurance, maternity benefits, etc