What are the components of employment contract define

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What are the components of employment contract? Define the Position, Any employment contract should provide a prospective employee with a clear understanding of the job requirements, including the name of the position and the essential duties it entails. Length of Agreement, When preparing a contract, it must contain elements favorable to both parties. Performance, In reviewing performance requirements for insertion in the contract, consider establishing any skills you would like upgraded during the term of the contract. Include production goals you want realized and revenue enhancements you require.
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Compensation, Any prospective employee expects an employment contract that defines compensation. When you negotiate a salary and put the figures in the contract, specify a base wage and dictate the method of payment -- salaried, hourly or commission. Spell out your new employee's benefit package in the contract. Include any health, dental, vision or other insurances you offer. Other Elements, If applicable, you may want to include covenants that include non- disclosure language, non-solicitation periods, a non-recruit agreement and a non-compete clause. Termination, Although not a pleasant thought, you must cover termination language. Specifically explain what happens if an employee is let go with or without cause. HR department and finance department of new appointments? The start date for the successful candidate needs to be communicated to management and staff members so that they can: Plan the induction Arrange a mentor/coach Arrange any ongoing training as part of their induction. Assign teams to assist new employees The finance department, so that they can : Pay wages Arrange banking Process superannuation. What do new employees learn in induction? Benefits of induction programs include: Workplace Safety Increased retention rate Improved employee moral Increased productivity, and; Increased sense of acceptance into the organisation A well designed employee induction program not only saves your money and time in the long run but it avoids money being spent on covering absences such as hiring replacements.
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Christopher Reinemann
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