Employment

Employment is a contract between two parties, one being the employer and the other being the employee. In a commercial setting, the employer conceives of a productive activity, generally with the intention of creating profits, and the employee contributes labour to the enterprise, usually in return for payment of wages.

Alternatives

An individual who entirely owns the business for which he labours is known as self-employed, although if a self-employed individual has only one client for whom he performs work, he may be considered an employee of that client for tax purposes.

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Workers who are not paid wages, such as volunteers, are generally not considered as being employed.

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Someone who works under obligation for the purpose of fulfilling a debt without pay is known as a slave and slaveowners are also not considered employers. Some historians suggest that slavery is older than employment, but both arrangements have existed for all recorded history.

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