Question

How do you distinguish between an employee and an agent?

What is employment insurance?

What is the purpose of a union? Provide an example of a business that has a union?

Answer 1

1) Employee work for particular company and get fixed salary, but an agent is like an medium between two different people and acts as an representative of particular field or company in commercial aspects.

An agent is someone who acts on in the name of another (the principal), usually to enter into contracts with third parties. It is the principal who is bound by those contracts and is liable to the third parties.

An employee is someone who is under contract with an employer to provide services for that employer. There is a lot of law that defines whether someone is an employee or is a self-employed contractor, and in almost all cases where there is confusion a person is deemed to be an employee.

2) The Employment Insurance (EI) program provides temporary income support to unemployed workers while they look for employment or to upgrade their skills. The EI program also provides special benefits to workers who take time off work due to specific life events (illness; pregnancy; caring for a newborn or newly adopted child, a critically ill or injured person, or a family member who is seriously ill with a significant risk of death). Workers receive EI benefits only if they have paid premiums in the past year and meet qualifying and entitlement conditions.

3)Unions are a means of creating more balanced negotiating strength in the competing interests equation that wages represent. And the mechanism is for workers to appoint a negotiator from within their association, which has become called a “Union,” by means of a majority vote. (democratically) The negotiator then has the power to create a bargain in which both sides need the other side in order to keep the business going. And the workers must once again grant majority vote approval of the agreement, which lessens greatly the risk of their appointed negotiators being corrupted and bargaining in the interest of management. And that has historically and still does to this date, get a larger share of the value workers generate paid back to them in the form of wages and other benefits.Bearing in mind that a business that paid each worker an amount equal to the value they represent to the company, the business would be profit-neutral. In short, neither loss nor profit. Merely net income before taxes apportioned to each worker base on their value. But of course that's in theory since in practice determining respective value would be a full time job for so many additional workers the enterprise would be a virtual accounting office.