Last modified by Artur K. on 2026/05/29 14:28

From version 2.3
edited by Helena K.
on 2026/01/15 21:54
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To version 2.4
edited by Helena K.
on 2026/01/15 21:55
Change comment: There is no comment for this version

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92 92  
93 93  15. //Type of economic risk// refers to the extent to which the worker may: (1) be exposed to the loss of financial or other resources in pursuance of the activity; and (2) experience unreliability of remuneration in cash or in kind or receive no remuneration.
94 94  
95 -Economic risk may be measured operationally by considering:
95 +16. Economic risk may be measured operationally by considering:
96 96  
97 -* the existence and nature of remuneration for the work performed;
98 -* the circumstances in which the job or work activity may be terminated; and
99 -* the extent to which the worker is protected in the event of sickness, accident, or termination of the job.
100 -* In statistics on employment, the type of economic risk is used to classify workers as //in employment for profit //or// in employment for pay //based primarily on the nature of the remuneration for a particular job. The aspects of the nature of the remuneration taken into consideration include whether or not remuneration is received or expected: 
101 -** in the form of profit (and therefore also entails the risk of loss);
102 -** based on time worked;
103 -** by the piece for the goods produced or services provided; or
104 -** as a fee for the production of goods or provision of services.
97 +* (a) the existence and nature of remuneration for the work performed;
98 +* (b) the circumstances in which the job or work activity may be terminated; and
99 +* (c) the extent to which the worker is protected in the event of sickness, accident, or termination of the job.
105 105  
106 -Workers in employment for profit
101 +17. In statistics on employment, the type of economic risk is used to classify workers as //in employment for profit //or// in employment for pay //based primarily on the nature of the remuneration for a particular job. The aspects of the nature of the remuneration taken into consideration include whether or not remuneration is received or expected:
107 107  
103 +* (a) in the form of profit (and therefore also entails the risk of loss);
104 +* (b) based on time worked;
105 +* (c) by the piece for the goods produced or services provided; or
106 +* (d) as a fee for the production of goods or provision of services.
107 +
108 +=== Workers in employment for profit ===
109 +
108 108  //Workers in employment for profit// are employed persons whose remuneration is directly and entirely dependent on the profit or loss made by the economic unit in which they are employed, including remuneration in cash or in kind by way of a commercial transaction for goods produced or services provided. They do not receive a wage or salary in return for time worked.
109 109  
110 110  Owner-operators of corporations are excluded from workers in employment for profit. While they are exposed to economic risk related to the potential for loss of investments made in the corporation, the risk is mitigated due to limitations of liability when corporations are separate legal entities from the persons who own them. They may receive a wage or salary whether or not the corporation is making a profit and may also be in receipt of payments deriving from profits.
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