Building Employee-employer Bond Through Employment Contract

By Author: Sharon Occoner
Total Articles: 3
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Would you buy a new house or a new car or a new credit card without signing a contract? Then why accept jobs without contract?Job is the major income source for an individual. It is through this job earning that you pay for EMI for your house or your car or even your credit card bills. It is the employee right to know how well he is insured, how well He/she would be treated, facilities that he/she can avail, in case of some loses how he/she would be compensated.
At some places of employment there yet exist Verbal job offerings. This includes even the wages paid per day.
=> The cons of verbal offerings to an employee are:
Lack of employment Loan Contract Template leads to misunderstanding, confusion or dispute, since employee doesn’t have any proof, ...
... he can’t prove his point.
HR or Manager who recruited might leave the firm, without confirming employee’s Consultantcy Agreement, which might land employee in trouble.
At times certain companies favor “at will employment”, that means firing employee if he doesn’t suit the required work profile.
=> The pros of employment agreement contract to an employee are:
Information about the employee's role and responsibilities This helps employee know the domain and type of skill he can invest in his work role.
Benefits (health insurance, vacation leave, disability leave) that can be availed. These are the rights of employee.
The bonus that company provides to provide employee satisfaction.
Termination grounds on which the employee can be asked to resign by the employer.
In case of trade violation what possible actions can be taken, are mentioned in employee agreement.
=> The pros of employment agreement contract to an employer are:
If an employee that is difficult to replace. Say you have a professional in your company who has specific rare skills .It might be difficult to find his replacement.Traning another new resource would be a time consuming task. In such case employment contract would restrict employee leaving without prior notice.
When employee is closely associated with clients and has access to confidential information, trade secrets. In such case signing the confidential clause will help employee from revealing this information.
When you don't want the employee to join your rival competitors and thus leak the major business information, thus cause harm to your business.
Either side of all, both employer and employee have the rights to agree on mutually agreed employee agreement where both of them are at nothing to lose situation. This will promote faith building at both the ends.
Sharon Occoner is a USA Author. Working with lawyerslegalformsanddocuments as an marketing expert. If you are looking for more information on Bill Of Sale and Promissory Note topics than contact us. Loan Contract Template and Consultantcy Agreement.