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Employed

AnalyticsTrade Team
AnalyticsTrade Team Last updated on 26 Apr 2023

Table of Contents

Employed

Employment is a term used to describe a situation in which a person is working for an employer in exchange for wages or salary. It is a contract between two parties, the employer and the employee, in which the employee agrees to work for the employer in exchange for compensation. Employment can be full-time, part-time, or temporary, and can involve a variety of tasks and duties. Employment can also be voluntary or involuntary, depending on the situation.

History of the Term

The term โ€œemploymentโ€ has been used since the early 19th century to describe the relationship between an employer and an employee. The term was first used in the United States in the early 1800s, when the Industrial Revolution was beginning to take hold. The term was used to describe the relationship between employers and employees in factories and other industrial settings. As the Industrial Revolution progressed, the term was used to describe the relationship between employers and employees in other settings, such as offices, retail stores, and other businesses.

Comparison Table

Type of Employment Hours Compensation
Full-time 40+ hours/week Salary or hourly wage
Part-time Less than 40 hours/week Salary or hourly wage
Temporary Varies Hourly wage

Summary

Employment is a term used to describe the relationship between an employer and an employee. It is a contract between two parties, the employer and the employee, in which the employee agrees to work for the employer in exchange for compensation. Employment can be full-time, part-time, or temporary, and can involve a variety of tasks and duties. For more information about employment, visit the websites of the U.S. Department of Labor, the U.S. Equal Employment Opportunity Commission, and the U.S. Bureau of Labor Statistics.

See Also

  • Wages
  • Salary
  • Job
  • Employer
  • Employee
  • Contract
  • Benefits
  • Unemployment
  • Labor Laws
  • Workers’ Rights

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