Key Components of an Employment Contract
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Transcript of Key Components of an Employment Contract
KEY COMPONENTS OF AN
EMPLOYMENT CONTRACT
Employment contracts contain all of the requirements and standard terms between an employer and employee, making them one of the most significant legal documents you will need for your business
If you’re planning on launching a business or creating an employment contract, here are some important points to include
A detailed job description thoroughly explains an individual's role and responsibilities, as well as outlines what is expected of them and their limitations
Employee
Job Title
Pay Detail
• Pay details refers to whether your employee will be getting paid weekly or bi-weekly, as well as designate approved payment methods.
• Pay detail can also include bonus pay or overtime
The following criteria determines the days and hours of work per week an employee is expected to perform:
• Full-time or part time?
• Salary or hourly?• Weekends?
Hours of
Work
Holiday
Entitlement
and Pay
This outlines which holidays the office is closed and whether or not these holidays are considered paid or unpaid
Grievance,
Illness and
Jury Duty Pay
• This covers the time allotted for the loss of loved ones, illnesses, and days for jury duty.
• It's important to note if any documents are required for proof, such as a doctor's note
Employment
Termination
This should provide:• A reason for dismissal• Any notices or warnings
given,• A date that the employee
was fired
When you hire a new employee, you should have them read the contract carefully before signing
Remember to highlight the most important parts and offer them a copy to keep for their records
If you aren’t sure how go about completing your contract, hire a Los Angeles business attorney to help you.