All of Northern's College of Business graduates from the previous academic year has begun employment.
<h3><u>What is employment?</u></h3>
Employment is a partnership between two people that controls the delivery of compensated labor services. In most cases, based on a contract, one party, the employer, which could be a business, a not-for-profit organization, a co-operative, or any other entity, pays the other, the employee, in exchange for completing prescribed tasks.
Depending on the type of work performed, the industry circumstances in force, and the parties' ability to negotiate, money for labor is received in the form of an annual salary, piecework compensation, or an hourly wage. In some industries, employees may get stock options, bonuses, or gratuities.
Employees may earn benefits in addition to compensation in some jobs. Benefits may include housing, health insurance, and disability insurance. Usually, organizations, legislation, or contracts govern employment.
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