An Employment Contract is used to explain the compensation an employee will receive as well as any other terms and conditions of employment that may exist when an employee is hired or rehired. Of course, such a contract is most commonly created and executed at the same time as the employment begins. Every employer is required by the Standing Orders Ordinance of 1968 to give each employee an employment contract outlining the terms and circumstances of his or her employment. This contract must be given to you by your employer at the time of your employment, transfer, or promotion.
Here are some instances of what could be explained in a contract:
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Salary information
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Duration of employment
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Schedule
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Medical insurance
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Dental insurance
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Paid time off (PTO) policy
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Sick leave policy
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Retirement plans
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Protections
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Limitations
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Non-compete clauses
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Conflict resolution protocol
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Employment conclusion details
Contracts are typically legal papers that explain the legally binding particularities of your work arrangement—in most circumstances, these particularities include exact start dates and conditions for the end of your employment. Depending on your work status or the type of contract they provide you, your new employer may not require you to sign a physical contract in some cases. In any case, it’s customary to discuss the conditions of your employment on the record to ensure that both parties agree on the same safeguards and stipulations when you’re hired.
Types Of Employment Contract
If you are working in an establishment, you will be classified into one of the following six categories.
- Permanent
- Probationers
- Alternate
- Temporary
- Apprentices
- Contract worker