What is a Employment Agreement?
An Employment Contract, also known as an employment agreement, is a document that describes the rights, responsibilities, and obligations of an employer and employee. For example, this agreement will normally include information regarding salaries, benefits, working hours, and job responsibilities.
For employees who work:
Full-time: A full-time employee often works more than 30 hours per week and receives benefits that other employees do not.
Part-time: A part-time employee often works fewer than 30 hours per week with a guaranteed minimum number of work hours.
Casually: A casual employee does not have a set number of hours to work and instead works as needed.
Why use a Employment Agreement ?
An employment agreement spells down the terms and circumstances of a new hire, which helps an employer and employee understand what each might expect from the working relationship.
If either side is unsure how to proceed with a workplace concern, the employment agreement, in conjunction with established corporate norms, can direct the employer and employee on next steps depending on the wording used in the agreement.
For example, if an employer decides to quit the company, the employment agreement can specify the timeframe for the employee to provide notice, as well as the terms of the employee taking his or her 401(k) plan and any unused vacation pay with them.
Format: Microsoft Word (.doc) (.docx) and Google Docs
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