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What is the nature of employment in the music industry?

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Introduction

The Music Industry. "What is the nature of employment in the music industry?" In my opinion employment is when someone is paid for carrying out a certain task. There are many many types of employment and working patterns some of which are self employment, full time, part-time, sessional, freelance and voluntary. Self employment is where you are employed by yourself and own your own business, full time employment is where you have one particular job and usually work 35 hours or more a week on the other hand part-time employment you do one particular job where you usually work between 1-35 hours a week or below. One typical example of showing what employment is, is when a buyer wants to purchase 500 CD albums from a record distributor for their shop. However the buyer wants the CD's in their possession within a certain time. The distributor cannot cope with all the stress and doesn't think that they can reach there deadline in time. So as a result of this they advertise for someone to come and help them prepare, press and account for the CD's. The person who enquires about the job after seeing an advertisement in the local paper is then asked to be interviewed and settles a deal or certain salary or price for the work which has to be done and signs a contract. The contract would be agreed by both the distributor and the new employee. The distributor then becomes an employer and the worker becomes an employee. The whole world however evolves around employment; both employees and employers rely on employment to be able to manage a good standard of living especially if family are relying on income because the state benefits are too little for people to live well. Employers on the other hand however need employees to be able to achieve their aims and objectives also known as targets which there business has been set to make, included in this targets is profit all businesses no matter what they are, are there to make profit in some way, shape or form. ...read more.

Middle

However on the lines of finance keeping accurate accounts is vital because it provides evidence which the HM Revenue & Customs will decide how much tax you will have to pay each year. Two advantages of self employment are a decrease in the cost of national insurance and not having to pay income tax until the January following the end of your first year of trading. As a self employed person you have to record your transport, telephone, postage, office supplies, accommodation and other costs meticulously, this is done by keeping receipts, you are actually advised to keep receipts for up to 5 years this is in case you do get investigated. The Inland Revenue provides forms to help a self employed person to complete their tax returns but many self employed people use the services of an accountant who will make sure that their tax payments are minimised. Keeping accounts also makes self employed people aware of their business costs and helps them to be sure that their costs will cover them and earn them a living. One of the greatest delights of working for yourself is that no one sets your income but yourself so the more you put into a business being self employed the more and better the rewards will be. In a nut shell there are advantages and disadvantages of being self employed. This form of employment is very popular and comes with several legal responsibilities. For example if working from home the clearance is required from the local authority to use part of the home as business premises. Should the business have to hold any records of customers or suppliers in any electronic form it is required to register with the Data Protection Registrar. Other legal responsibilities include statutory public liability insurance cover, modifying premises to be disabled friendly, and the proper recording and accounting of financial transactions if for example in a recording studio the health and safety aspects of the building and how to work safely with in the studio its self. ...read more.

Conclusion

Unlike any other employment type you a guaranteed a regular income with bonuses too if you are doing a bonus dependent job. You could also get up to three weeks holiday which paid and is not including British holiday seasons such as Christmas. Also as a full time employee you usually benefit from your employer contributing to your pension scheme for when you retire. An advantage also is that if you are required to work bank holidays you would usually be able to claim time and a half which means that you are liable to get your normal wage and half again. I think a full time worker benefits from everything available because they are receiving a regular guaranteed income and have a secure job unlike any of the other types of employment, so if they have a mortgage to pay they do not have to worry about not receiving any income for a particular month. Also another important advantage of being in full time employment is that you usually receive sick pay. As an employer who employs full time workers they have to make sure that they have enough work for the employee to carry out. If however the employee doesn't want that job anymore by law you have to give four weeks notice so that the employer can recruit more employees. As whole employers are responsible for keeping the contract up to date, signed and make sure that they are not broken. Some of the responsibilities of an employer are that they have enough work for the employee to carry out and that they have money being able to pay the employee. The responsibilities of the employee however I think personally should make sure that they carry out the job required to the best of there potential, always turn up on time and are not late and as a whole set a good example with in the company this could there for lead into promotion and pay rises. ?? ?? ?? ?? Chris McAleese 1 ...read more.

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