Contingent Agreement Vertaling

Production declined in the Western world in the 20th century. Many production organizations, which employ large numbers of people, have relocated their activities to developing countries. Therefore, whenever they hire staff in Europe or North America, they must be able to lay them off quickly and keep costs as low as possible in order to remain competitive. As a result, some employers may seek loopholes in labour law or ways to recruit staff to circumvent union-negotiated labour law, creating so-called contingent work. [Citation required] The evolution of contingent personnel is also influenced by the economy. A study by MPS Group shows the link between the conditional work cycle and the state of the economy. [7] In an inflatable economy, the demand for conditional work is high. This is most likely because organizations are trying to develop with the economy, and the use of quota workers allows them to work with experts if necessary, without the long-term cost of hiring. A potential liability is a responsibility that may arise depending on the outcome of an uncertain future event. A potential liability is recorded when the eventuality is likely and the amount of the liability can be reasonably estimated.

The liabilities may be indicated in a footnote on the financial statements, unless both conditions are not met. Contingent workers are at high risk of being injured or killed on the job. In 2015, there were 829 fatal injuries (17% of all work-related injuries) among contract workers, which represent only a portion of the number of workers in the quota. [10] Studies have also shown that work-related accidents and non-fatal diseases are higher for quota workers than for standard jobs. [11] [12] By hiring contract workers, companies are able to be agile and reduce costs. Contingent staff act as variable staff for companies, from which they can choose to carry out specific projects or to carry out specialized projects. [5] There are many possible factors that contribute to high rates of injury and illness among contingent workers. They are often inexperienced and charged with hazardous tasks and tasks[13][12][15] may be reluctant to oppose precarious working conditions or advocate security measures for fear of losing their jobs or other effects[14] and may lack basic knowledge and skills to protect against workplace hazards due to inadequate safety training. [16] Now we assume that legal liability is possible, but unlikely, and that the dollar is estimated at $2 million. Under these conditions, the entity indicates any liabilities in the footnotes of the financial statements.

If the entity finds that the likelihood of liability is low, the entity is not required to disclose potential liability. A knowledge economy also helps to increase the use of contingent staff, as companies need more of their specific and competent knowledge and expertise. [9] With a growing demand for highly skilled and skilled staff, the know-how of contract workers is becoming more attractive.