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.

Employer

An employer is a person or institution that hires employees or workers. Employers offer wages to the workers in exchange for the worker's labor-power.

Related Topics:
Wage - Labor-power

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Employers include everything from individuals hiring a babysitter to governments and businesses which hired many thousands of employees. In most western societies governments are the largest single employers, but most of the work force is employed in small and medium businesses in the private sector.

Related Topics:
Babysitter - Government - Business - Private sector

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Note that although employees may contribute to the evolution of an enterprise, the employer maintains autonomous control over the productive base of land and capital, and is the entity named in contracts. The employer typically also maintains ownership of intellectual property created by an employee within the scope of employment and as a function thereof. These are known as "works for hire".

Related Topics:
Land - Capital - Contract - Intellectual property - Works for hire

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Within large organizations the management of employees is often handled by Human Resources departments.

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