What Does It Mean To Work For Someone Else?

Most of us have to work in order to support ourselves, but it is not done in the same way in all cases. The first thing to do is choose between being employed or self-employed.

Do you want to know what exactly a salaried job entails and why is it the most common way of working? Read on to find out.

The Concept Of Paid Employment

Working for someone else is synonymous with working for someone else or being an employee. It implies that we voluntarily provide services to another person or company and in return we receive remuneration in the form of salary.

The Characteristics Of This Legal Relationship Are As Follows:

  • Salaried work is always voluntary , it occurs because there is an agreement between the employer and the worker. Agreement that, in addition, is collected through a contract.
  • It is the employer who makes available to his worker the means he needs to carry out his work.
  • The employee remains under the management power of the employer , who is the one who organizes the work to be done.
  • There is alienness in the fruits . In other words, the result of the work becomes the property of the employer.
  • In exchange for the services rendered, the worker receives remuneration .

Advantages Of Working For Someone Else

The main advantage is that all risks and expenses are borne by the employer . For example, if you work in a logistics warehouse and you need safety boots to prevent a falling box from causing a foot injury, it is the employer who must acquire and deliver that material.

As far as risks are concerned, they never fall on you as an employee. If the business goes bad, you could lose your job, but it is the businessman who has put his money in and who could lose the investment and even be left with a significant debt if he has to close.

Working for someone else, you enjoy all the rights recognized in the Workers’ Statute (vacations, extra pay, maternity and paternity leave, etc.) In addition, it is the employer who takes care of your contributions so that you, tomorrow , you can access public benefits such as the temporary disability benefit or the retirement pension.

But this way of making a living also has some drawbacks. For starters, you may find yourself being forced into something that doesn’t really fulfill you in order to earn a living .

In addition, in many cases working for others implies not being able to advance professionally as much as you want, receiving a salary that is not always considered fair or adequate for the work that is done and even having to deal with a boss who does not know how to be a true leader.

Working For Someone Else Vs. Work On Your Own

The self- employed, the self-employed , find themselves in a very different situation. It is true that they are their own bosses, but they also assume much more responsibility , since they have to face all the risks and expenses associated with their activity.

In addition, the self-employed person has to personally take care of paying their Social Security contributions and, since their contribution is usually lower, the public benefits to which they are entitled are lower than those of an employee.

On the other hand, the self-employed person is fortunate to be able to dedicate himself to what he likes and has greater freedom when establishing his work time. And if you do well, you can earn more money than a salaried employee.

Being self-employed is a challenge on many levels, perhaps that is why most people choose to work for someone else. Although there are also many who after being salaried decide to leave their job and start their own business.

Get To Know The Upcoming Casino Gambling Events

A trade association in the area of entertainment, attractions & gaming International Expo, bacta, is pleased to announce that its renowned exhibition on business-to-business is planned for the 27-28 January 2021.ace96 Online event will take place. EAG online 2021 offers an outstanding platform for exhibitors and guests to begin doing serious business with a mix of interactive exhibition stands, an entertaining conference program and the always-aimed bacta networking lounge. The web event will help to bring the coin- controlled attractions and larger recreation and entertainment markets together, but in a different manner, with its meeting scheduling, live chat, live stream, and network capabilities.

Originally scheduled for EAG 2021 in ExCeL Londons in January 2021, Bacta was obliged to cancel the face-to-face show earlier this year because of continued confusion caused by the pandemic. However, behind the scenes, EAG Expo and Bacta worked tirelessly to find innovative ways of supporting business in these difficult times and sharing new trends in the industry.

New UGW 

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Delaying the event to a later date allows anyone who has announced or expects to join as a guest to be ensured.

In addition, the Ukrainian Gaming Week decision in 2021 requires organizers to establish a better program and to ensure the Ukrainian and international delegates and guests have access to the event in a straightforward manner.

Ukrainian Gaming Week is the biggest industrial event to pull together industry leaders involved in reinvigorating legal gambling market in Ukraine since the legalization of the gambling sector.

The schedule includes a two day fair, including laws, Ukrainian and international specialists, an open seminar, UGW Awards and a group. The program includes the introduction of game goods and services.

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Organizer and location

The event will be organized by the multinational business Smile-Expo, which focuses on organising creative activities. The Ukrainian Gaming Week is being held at the International Exhibition Centre, from 24-25 February in Kiev. It puts together speakers, showcasers, supporters and event visitors. Contacts can be shared, topical questions can be debated and insightful questions can be asked each other.

The schedule includes a two day fair, including laws, Ukrainian and international specialists, an open seminar, UGW Awards and a group. The program includes the introduction of game goods and services.

The Casino operator has now given 2 straight months of earnings before interest, tax, depreciation and amortisation (EBITDA) increases as the impacts of COVID-19 begin to decrease. In specific, Donaco announced in October it had positive USD 540.000 (approximately A$ 700.000) and in November it had positive EBITDA (approximately A$ 1 million). The business said that in December this pattern persists.

While it undoubtedly played an important role in the favourable income when its Star Vegas Resort and Club were reopened in end-September, Donaco primarily attributed its success to the strategies introduced by a new management team.

The evidence is in the sample so far. Donaco told investors today that the current management team has initiated and succeeded to reduce foreign workforce costs by strategically shifting customer focus.

What is Partial Early Retirement And At What Age Can It Be Requested?

As the years go by, our mind and body are getting more and more tired from work life. With the retirement age set at 67, more and more people are opting for the option of partial early retirement . In this article, we are going to explain what exactly partial early retirement is and what conditions you must meet to access it.

What Is Partial Early Retirement?

Partial early retirement is the perfect solution for those who are tired of working (that is, almost everyone) but who still do not meet the requirements for full retirement. With this option you can benefit from a reduction in working hours that ranges from 25% to 75% , so your working hours will be drastically reduced.

Part of your salary will come from the hours worked in your company, and the other part will come from your pension paid by social security. If, for example, you partially retire at 50%, your working day will be 4 hours if you usually work full time. Your salary will be completed with the part of the pension corresponding to your retirement.

Partial retirement is currently regulated by two different laws, but both agree that at least 60 years of age must have been completed to access partial early retirement, below we see all the conditions that must be met in order to access it.

General Conditions To Access Partial Early Retirement From Social Security

In 2013, the legislation to access partial early retirement was affected by a reform. Before, the early retirement age was 60, whether you were a mutualist or not. Now, this same age is maintained for mutualists, but it has been increased at the rate of 1 month per year until 2027, when the minimum age for early retirement will be 63 years.

Apart from the essential age requirement, you must absolutely meet other conditions in order to access partial early retirement. As there are two clearly differentiated options, we are going to separate them.

Partial Early Retirement Requirements With A Relief Contract

If you are not part of a mutual fund and you work as an employee, the conditions to access partial early retirement are much more demanding, let’s see what they are:

  • Currently the minimum age is 61 years and 10 months . In the following table you can see how the early retirement age will progress as the years go by.
  • Contract full time or assimilation of several part – time contracts that amount to a full day.
  • It is mandatory that a replacement contract be entered into simultaneously by the company.
  • Reduction of working hours from 25 to 50% . If the relief contract is full-time and indefinite, you can opt for 75%.
  • Minimum contribution period: it is currently 35 years and it will increase 3 months each year until reaching 36 years and 6 months in 2027.

Seniority in the company: 6 years or more.