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Importance of Employment Contract
Employment Contract is also known as Employment Agreement, Appointment Letter, Offer Letter, etc. It is an agreement between an employee and employer that specifies the terms and conditions of employment. It is advisable to have a written employment contract in Singapore. Typically, only senior management employees might have the option of negotiating their employment contracts. A violation of one or more of the terms in an employment contract by either an employee or employer is considered breach of contract. Most employment contracts include several important clauses such as:
- Appointment position
- Duration of employment contract, if applicable
- Date of employment commencement
- Remuneration package
- Hours of work
- Employee benefits
- Probation clause, if applicable
- Code of conduct
- Termination
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