10 Things every Employment Contract Template must have
Free Employment Contract Template is not a new thing for most of us these days as it is mostly used by businesses whenever an employee is hired. Be it a startup or a well-settled business it is, the hiring process is formal and professional. The HR team is adopting some solid practices so that smart employees are hired and an Employment Contract, also known as Employment Agreement, is paid attention at because it protects the new-hire and business whenever a job offer is made. As you’re about to learn more about the employment contract template, you may also like to read…
10 Critical Details on any Employment Contract TemplateWhether you create a free employment contract template or get this legal document created by someone, make sure that the following details are included as a must:
Job InformationThe job title, the role of the employee and under which department he/she will serve along with the work of the employee is mentioned in this document. The performance evaluation criteria and the management to be reported by the employee are also specified.
Compensation and BenefitsIf there are any additional benefits to be received by the employees along with the annual salary then it should be included in the employment agreement form. This can be appraisal details, bonuses or incentives, any medical allowances, fringe benefits, and so on.
Time off, Sick Days, and Vacation PolicyThe time-off policy should be explained thoroughly along with the paid leaves per pay period. The company’s expectations regarding sick days, family emergencies and unpaid leaves are also required to be detailed. If an employee will be paid extra for working extra hours or at weekend events then it is to be mentioned.
Employee ClassificationThe type of employee is detailed. For instance, whether they are hired on a contract basis or for a particular duration is required to be briefed as it is concerned with taxes later. When an employee is classified properly, it clears many doubts since the beginning itself.
You may like to make your employees fill out printable job application forms.