How do employees survive in the current economy - Essay Example

Basically when a person is employed, one may ask himself, “whether or not he is qualified for wages and benefits that support a quality standard of living?” The answer depends on his salary. “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 sickness or disability which requires hospitalization or confinement to the hospital?” If the answer is in the affirmative then we can safely say that a person is qualified for wages that support a quality 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 may take legal action to enforce their statutory rights. Anything short of the above-mentioned circumstances may well mean that a person is receiving a salary/wage which is not enough to make his family live in comfort and quality standard of living. As mentioned earlier, the only resort of such employee is to have another job, so that he can have two - paid checks every pay day.

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 workingmen's security of tenure is concerned, we are all aware that downsizing, done in good faith, due to serious business reverses, or redundancy, is the scheme used or resorted to by the employer to minimize his expenses so that he can