Question

Distinguish between:

Employment and Profession.

Answer 1

Sr. No.	Basis	Employment	Profession
1.	Meaning	Employment is an economic activity in which a person works for another person or organisation for wages or a salary.	A profession is an economic activity in which a person uses specialized knowledge and skills to provide services.
2.	Qualification	A special qualification is not always required; it depends on the type of job.	Formal education and specialized training are compulsory.
3.	Return	The employee receives wages or a salary on a regular basis.	A professional receives fees from clients for the services rendered.
4.	Registration	Registration with any authority is not required for employment.	Professionals must register with their respective professional bodies (e.g., doctors, lawyers, CAs).
5.	Code of Conduct	Employees follow the rules set by the employer.	Professionals must follow a strict code of conduct set by their associations.
6.	Capital Requirement	Employees do not need capital to do their job.	Professionals may require capital to set up their practice.
7.	Nature of Work	Employee works as per the instructions of the employer.	Professional works independently using his expertise.
8.	Tenure	Employment may have a fixed tenure or a retirement age.	A profession can be continued throughout life.