How do employees survive in the current economy Essay

How do employees survive in the current economy - Essay ExampleBasically when a person is employed, cardinal whitethorn ask himself, whether or not he is qualified for wages and benefits that support a eccentric standard of living? The answer depends on his compensation. Is his salary enough to send his children to school? Or is his salary enough to afford the hospital bills in case his children meet an accident, disease, or any kind of disease or disability which requires hospitalization or confinement to the hospital? If the answer is in the affirmative indeed we can safely say that a person is qualified for wages that support a lineament standard of living. In case, of benefits, the employer must provide his employees the benefits required by the labor code. Non-observance of which means the diminution of employees benefits which the latter(prenominal) may take legal action to enforce their statutory rights. Anything short of the above-mentioned circumstances may well mean t hat a person is receiving a salary/wage which is not enough to take up his family live in comfort and quality standard of living. As mentioned earlier, the only resort of such employee is to realize another job, so that he can have two - paid checks every pay twenty-four hour period. In this way he can cope up with the dreaded challenges to which an employee and his family encounter each and every day of their lives.day of their lives.As to workingmens security of tenure is concerned, we are all aware that downsizing, done in good faith, collect to serious business reverses, or redundancy, is the scheme used or resorted to by the employer to minimize his expenses so that he can