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Jobs! We all have one that matches our inclinations and talents. What gives a formal structure to job task execution is an employment contract.
To its core, an employment contract is a written-down version of what’s expected of an employer-employee relationship. It can be a legal requirement as well, depending on the geography.
A good, water-tight employment contract makes it less likely that there will be disputes or confusion between stakeholders. It defines the roles and responsibilities of both the employer and the employee and how their competing interests are to be bought on an even keel.
An employment contract, in many ways, is akin to an investment contract in which the employer invests in an employee in the hope of greater returns out of the expertise of the employee.
Find out more about best-in-class templates on investment contracts with a click here.
Without a formal employment contract in place, the employer-employee relationship remains tenuous. This contract serves as a reminder that the contract guides the terms, though, of course, the human element and common sense always remain the principal compass on how to go about managing this bond.
As always, SlideTeam’s PPT Templates on employment contracts are curated after extensive research.
The 100% customizable nature of the templates provides you with the flexibility to edit your presentations. The content-ready slides give you the much-needed structure.
Let us take a tour of the templates now!
Template 1: One-Page Employment Contract Status Report Presentation Infographic PPT Document
Use this one-pager contract on employment to clarify all inclusions and exclusions covered in the job terms and conditions from the outset. This PPT Layout includes the company name, company address, the salary agreed upon, and even the accommodation facility, whether it is to be provided or not. Employee name and address are also there, and when he/she signs on the dotted line at the bottom of the contract, this becomes a legal document. This PPT Design also provides a one-liner on induction and training that the employee may have to undergo. Download this template now to lock your company and the employees into a contract that gives both parties a fair idea of what to expect.
Template 2: HR Consultancy Showing Employment Contract and Local Recruitment
Use this PPT Layout to list the six phases that make up an ideal, water-tight employment. It helps you be in compliance with all local recruitment norms, state-wise, if you are in the US. This PPT Graphic starts with Step 1 of drawing up a basic employment contract, but to be effective and professional, a lot more needs to be done. In Step 2, an HR consultancy (and so should you) explain employees’ taxes and benefits scheme to him/her. In Step 3, local recruitment norms have to be included as part of the contract before touching the topics of salary advice and benchmarking (Step 4). In Step 5, the employer has to ensure that labor law updates are provided to all employees. As the final stage of ensuring your employment contracts are complete and comprehensive in all aspects, an HR Handbook has to be made available to all employees. Download this now to gain tremendous recall for your HR consultancy business.
Template 3: Employment Contract Agreement Checklist in Workplace
The PPT Template lists important points that your contract must fulfill, tabulated against the status of each task, its due date, the person responsible for that segment, and notes, if any. The checklist itself has eight points, like the employment start date, which is usually something that reporting manager of that individual will supply. An excellent employee contract also specifies the employee’s working hours, and conditions governing overtime, if any. This is shown with the manager responsible for it also contacted and brought into the loop. The USP of this presentation template is the provision of status to be delineated against each of the checklist pointers. Download now to move toward an employee contract that leaves no room for confusion on anybody’s part, ever!
Template 4: Job Plan Report for Employment Contract Agreement
Use this PPT Graphic to enlist the major ways in which businesses can go about planning for their employment contract agreement in terms of what the job entails. In this job plan report, you get the chance to highlight three major result areas the business expects from a job well done. The USP of the slide is visual, where you can showcase how employee contracts are flexible in your company. It could even be possible to define a portion of the job roles according to employee preference. Illustrate why your company is a pioneer in HR best practices with the use of this template.
Template 5: Image Explaining Employment Contract as Part of Human Capital Strategy
This readymade PPT Framework is a tribute to the spirit of Human Resources as a discipline and thinks of an employment contract, not as an instrument of restrictions or a sort of insurance against bad behavior. This employment contract presentation template sees employment contracts as a way to unlock avenues to productive behavior. A positive way of looking at things, this employment contract sees the document as a way to motivate and inspire people to actualize their potential. In this view, an employment contract does not have to be a list of Dos and Don’ts; it is actually an instrument to get people to be efficient, productive, and motivated.
BE CLEAR AND TRUSTING
An employment contract is a legal necessity in most geographies worldwide. It is also a standard document across industries to ensure both employers and employees are clear on their roles, responsibilities, and obligations toward each other. Yet, beyond the black-and-white documentation, the real contract between an employer and employee has to be of trust and a commitment to be fair to each other. This cannot be an explicit part of most employment contracts but being clear and trusting of each other is perhaps the greatest assurance that the written employment contract will be honored in both its letter and spirit.
Another template that is of use as employees and employer starts a relationship is employee onboarding. It is a critical pivot in ensuring that the employees feel comfortable from the get-go and face no problem at all in being at their productive best, as soon as they join. Access our best-in-class employee onboarding templates with a click here.
FAQs on Employment Contracts
What is the meaning of an employment contract?
An employment contract is a document that lists the terms of the relationship between an employer and an employee. It defines the scope of the relationship, what can work and what will not work for the continued placement of the relationship between the two parties, and so on. It enlists the obligations and roles and limits the demands both can make of each other. Typically, there is legal sanctity of the employment contract, and it includes the salary structure, the duration of employment, the clauses governing conduct and what information is to be kept confidential, and so on. Most employment contracts also include a page or two on the settlement of disputes, if any arise, between the management and the employee.
What is the meaning of termination of an employment contract?
Termination of the employment contract is typically understood as the non-extension of the term of the contract. This happens when the management, for some reason, does not want to let the employee continue with the job. The reasons are usually related to performance or the lack of it, but the contract is then terminated. Sometimes, in cases of proven misconduct or when the employer is convinced that the employee is unlikely to perform, the employment contract is also terminated. The termination of an employment contract is a major step for businesses that could involve payment of severance costs depending on the seniority of the employee who is let go. It also brings bad press to the business, so employment contract termination is not a decision to be taken in haste.
What are the types of employment contracts in Labour law?
Depending on the business structure and the two parties entering into a contract, there can be many kinds of employment contracts in labor law across varied geographies. This could, for instance, be different in South America, Asia, or the US, with varied cultural norms defining the contours of the employer-employee relationship. Yet, as a primer, one can do well to remember that some types of contracts could be contracts of employment, directors' agreements, agreements related to providing consultancy services, contracts to carry out services, and something which is commonly referred to as employee shareholder agreement.
What is the difference between an employment agreement and an employment contract?
Only employers can terminate, and both the employee and the employer can terminate an employment agreement, but a contract. It, again, is a function of laws within a territory around the world, but remember that an agreement goes into much greater detail on the specific job roles and responsibilities expected of an employee. A contract is a more generic and general version of the same. To cut a long story short, an employment agreement goes above and beyond the contract, which is a legal mandate. An agreement is, thus, more of a customized contract with additions, mostly, as deletions may make it run counter to prevalent laws.
