Recently the Union Ministry of Labour urged the states to issue orders permitting fixed term employm...........

Economic Affairs Employment related Issues

Recently, the Union Ministry of Labour urged the states to issue orders permitting fixed-term employment across industries. Which of the following statements with respect to FTE or Fixed Term Employment is/are correct?

Fixed-term employment is a contract in which a company or an enterprise hires an employee for a specific period of time.
Under fixed-term employment, workers are entitled to statutory benefits available to a permanent worker in the same factory, including work hours, wages, and allowances.

Choose the correct alternative:

1 only

2 only

Both 1 and 2

Neither 1 nor 2

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Explanation:

Third option is correct.

About Fixed term employment-

Contractual employment in which a company or an enterprise hire an employee for a specific period of time.
Under fixed term employment, workers are entitled to statutory benefits available to a permanent worker in the same factory, including work hours, wage and allowance.
2018 Notification extended benefits of permanent employees to the FTE.
It would:
1. Improve working conditions in industries.
2. Boost employment
3. Execute specific projects efficiently in sectors like infrastructure.