Organized sector is a sector where terms and conditions of employment are regular and as per rules and regulations passed by the Government.
The terms and conditions of employment follow the main tenets of various Acts passed by the Government like the Minimum Wages Act, Payment of Gratuity Act etc.
Four main features of the organized sector are as listed below:
- Job security
- Fixed wages and working hours
- Provisions like paid leave, sick leave and holidays available
- Benefits like provident fund and pension available