How to Write an Employment Contract
When writing an employment contract, choose either a full-time or part-time contract template, include information about expectations and regulations, outline salary information, and list the specific responsibilities of the job description. Write up an employment contract that protects both the employee and employer with help from a management teacher in this free video on business.
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My name is Mark and we are going to look at how to write an employment contract. The very need for an employee contract these days is standard primarily because we are looking from both sides from both prospectives. The employer wants to make sure that the employee will work to the rules and regulations and requirements of the company and of course the employee wants to ensure that they will receive the relevant payment and work within certain conditions and certain benefits for the privilege of performing those functions. So both parties need to be gaining out of this particular agreement and hence the need for an employment contract which is a formal, legal binding document between employee and employer. There are many types of employment contracts. The two most common ones are full time and temporary part time contracts and this indicates that you are either working for a company for the entire duration of the week and month or on periodical basis based on specific project work. Either which way, the information laid down in this agreement will indicate the hours of work, the payment methods per hour per month, the expectations of the company, what duties and responsibilities the employee has. So these will be listed starting work at eight-thirty and finishing at four. Writing company papers, coming up with company initiatives. Marketing or sales related functions. Whatever it happens to be and it should be detailed. This needs to be very specific because of course if there is any dispute then the management team can call upon the specific aspects of that functionality that potentially the employee hasn't fulfilled. From an employees prospective, the hours need to be written down, the payment terms, the benefits, the environment the holiday and sickness benefits. So again the employees need to know what they are entitled to within a given period of time. Now a lot of times companies have what they call a trial period which is standard maybe two-three months depending on the countries, where the employee and the company have time to evaluate each other basically to make sure it is a suitable fit. The employees is happy with his or her environment and the organization is happy with the work their getting. After that three month period, if both agree to continue, then that three month period is null and void and the new updated or amended contract will take place and then maybe more favorable terms are offered. It has been for example known that an employee during the trial period may be offered a lesser some of money and on the completion of that trial period successfully on both sides will resume the actual offered amount from that time. So all of this information needs to be detailed in the agreement so that there can be no uncovered areas or any surprises for either party.