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Getting the job done!

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Modern day technology makes work easy

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Without production of products human needs are not met

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Analyzed data helps companies develop information to better the company

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Managers working to correct mistakes to better reach goals

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Measuring performance is where the controlling begins.

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Money mesmerizes people and controls their minds. Money is why people work.

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In life you grow from immaturity to maturity.

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We tend to shoot for completing our high level needs before our lower level needs.

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The better I take care of my plants the faster they grow along with me.

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By knowing thyself you will develop a strong moral courage

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Its okay to help others out! Its enough success to go around

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Maturity level increases as the maturity curve runs from right to left

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In any leadership position leaders are getting things accomplished through people.

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There's a general understanding that the word "work" refers to any job or task that people perform in exchange for money or for some other type of benefit. However, economists have identified two common types of work: formal and informal. Although both types of work involve jobs and tasks in exchange for money or benefits, there are some differences between the two involving things such as contracts, compensation, and job security.

The Elements of Formal Work

Formal work refers to work in which a company hires an employee under an established working agreement that includes, salary or wages, health benefits, and defined work hours and workdays. In most instances, employees don't work under a signed contract, but rather work under the agreement reached when the employer offered the job to the employee. This agreement remains in force until the employer makes a change and informs an employee about those changes. Employees in a formal work agreement are often given an annual performance evaluation and are eligible for salary increases and promotions based on their performance.

The Elements of Informal Work

Informal work refers to work in which an employer hires an employee without an established working agreement. With informal work, employees don't receive health benefits and are often hired temporarily. Their work hours are not guaranteed, which means that in one week they may work 30 hours, and the following week they may work only 10 hours. Informal workers are treated like contractors, and often bounce from one job to another. In most instances, informal workers are paid in cash, but if they are paid by check, no taxes are deducted from their salary.

Differences Between Formal and Informal Work

One primary difference between formal work and informal work is that formal work is far more stable than informal work. The reason for this is that companies invest time, training, and education in formal work employees, so that they can gain new skills that will benefit the business. Companies that provide informal work are seeking temporary employees to perform short-term tasks, typically seasonal work, which will end in a few weeks or months.

Another major difference is that formal work typically pays higher wages than informal work. The reason is that formal work tends to require a higher level of education or training than informal work. For example, a computer programmer is a type of formal work that requires a specific set of skills. In contrast, a person hired to haul old computers to a recycling dump is performing informal work that doesn't require any type of specialized training. As a result, formal workers typically earn higher salaries and wages than informal workers.

Formal and informal work is also different when it comes to taxes. Formal workers are taxed under the existing tax guidelines and receive paychecks that reflect these taxes. Informal workers are not taxed and are responsible for paying their own taxes. As a result, a country that relies mostly on informal work may not receive all the taxes owed under the law, since there may be millions of workers that choose not to report their incomes and pay taxes on that income.

About the Author

Sampson Quain is an experienced content writer with a wide range of expertise in small business, digital marketing, SEO marketing, SEM marketing, and social media outreach. He has written primarily for the EHow brand of Demand Studios as well as business strategy sites such as Digital Authority.

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What Is the Difference Between Formal and Informal Working?

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There's a general understanding that the word "work" refers to any job or task that people perform in exchange for money or for some other type of benefit. However, economists have identified two common types of work: formal and informal.

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All forms or created in the workplace! I try to stay far away from it all.

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Rumors can easily spread due to he say she say.

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Without communication someone's life can be at stake.

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Self awareness & self motivation

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It takes a lot of skill to train and be efficient.

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The recruitment of the baby , then being selected to go to Tim's family, training for his job assignment, then evaluating performance.

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THE IMPACT OF HUMAN RESOURCE MANAGEMENT PRACTICES ON TURNOVER, PRODUCTIVITY, AND CORPORATE FINANCIAL

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If I win, we all WIN!!

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This pertains to my life and business.

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This is crucial to any company

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Created using GoAnimate by marketing student, Morgan Cain (2014).

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When I build my business appreciation and hard work will be rewarded.

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You have to strategize and play your cards right

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In the workplace teamwork makes a dream work

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Anything in life you will have to make decisions

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Holistic Spa-long term goal

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One to five year goal!!

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In a few weeks I will be expressing my creativity through fashion head-wraps!

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Managers use computers for different programs to help with skill development.

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Unequal distribution of power

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International market agreement

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Millennial generation I am

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Suffer the consequences if you don't do the ethical thing

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Given back increases the well being of others.

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Equal opportunity for everybody

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You have to be effective and efficient to succeed.

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What Is the Definition of Organizational Resources?

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Organizational resources are all assets that a corporation has available to use in the production process. There are four basic types of organizational resources: human resources, capital resources,...

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helps you with the process of reaching organizational goals.

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Everyone goes through these stages in their career. I am in the establishment stage.

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When I become a manager!!

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Symbolizes Conceptual skills, meaning seeing an organization as a whole an in turn bringing success.

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When our business is becoming more and more successful!