Concept of the tertiary sector employees and Superannuation Fund
- January 19, 2018
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- Category: Blog
Concept of the tertiary sector employees
The tertiary sector consists of the service sector, which provides different types of services to the people. The tertiary sector are the schools the restaurants and the financial institutions such as the schools and the banks which provide different types of the services to the category of people in the society. As stated by by our financial accounting homework help experts, the employees who work in the tertiary sector provide different types of benefits to the consumers who aspire to get the services. The employees of the service sector bridges the gap between the service and the customers. They work with their full potential to make sure that the services reach the consumers. There are different types of employees in the service sector are involved in giving the different types of the services. As commented by Clarke (2017), the employees in banking and the financial institution provide monetary service to the customers. The employees of the hospital sector provide health care facilities to the patients who come to avail the services. The employees of the airline sector provide flight services to the customers. Finally the employees of the restaurant provide food and catering services to the customers who come to avail the services. There are many more service sector which provide different types of the services to the customers.
Concept of the superannuation fund
As commented by Shamsabadi et al. (2016), the employees of the service sector should get other benefits excluding their salary in order to work efficiently. The employers of the service sector such as the school , the restaurant, the airline services provide superannuation to their employees. The superannuation is a type of the benefit given to the employees. The superannuation fund is created by the employees so that the employees of the service sector are able to get the benefit of the money that gets accumulated in the funds of the employees. This is the type of the pension fund of the employees and they are able to reap the benefit of the funds that have accumulated over a particular period of time as written by our Online Exam Help experts. There are no restrictions regarding the tax laws and the fund grows continuously. The superannuation fund is the pension fund given to the different employees of the service sector to increase their efficiency along with the security to the employees after their retirement. As commented by Shamsabadi et al. (2016), this fund is referred to as an investment technique for investing a certain amount of money and multiplying it year after year. The accumulation of the fund has to be managed by the finance department of the tertiary sector organisation.