Question
How does employment affect poverty?
Loss of income
No sufficient income to meet living expenses
Leads to indebtedness
Homelessness
Malnutrition
Reduction of retirement funds due to usage of savings
Creates negative long term effects on economy
High levels of youth unemployment
Youth unemployment today will decrease the incomes of future retirees and increase the burden on the government
Increased criminal activity
High levels of crime and vandalism in areas with high levels of unemployment.
The political instability of a nation grows
Educational attainment and the access to health care are also negatively affected
Violence creates a further downward spiral after unemployment
How does the working hours affect the psychology of employees in formal and informal employment?
Will the betterment of the structure of organization help improve the structure of society?
Elimination of redundancies
Reduction of risks
Streamline communication between people/functions/departments
Improve efficiency
Minimized costs
Improved collaboration
Agility
Improved productivity
Higher efficiency
Higher compliance
Is the structure of management an important factor in the growth of a company?
Forced labor affects the psychology thus decreasing the productivity rate, and again sparking forced labor thus creating a chain reaction.(Personal Perspective)
The working hours is increasing in recent times to decrease labor costs. The working hour depends on the productivity, income, salary, health and safety.
There are 2 scenarios:
1st scenario- Higher the working hour, higher the productivity, higher the income, higher the salary, higher the productivity and the cycle continues.
2nd scenario- Higher the working, lesser or the same productivity, lesser or the same income, lesser or same income, lesser or same productivity and the cycle continues. So, for better results different approaches must be tried.
Helps improve operational efficiency by providing clarity to employees at all levels of a company.
Can work better by focusing time and energy on productive tasks.
The increased productivity leads to the increased salary of the employee thus increasing the betterment of the organization.