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Employment Contracts/ Agreements Online

An Employment Contract is what employers and employees use to clearly outline the rights, responsibilities, and obligations of the parties during the work period.It may include information about compensation (pay/wage), vacation time, the job description and duties, probationary periods, duties of confidentiality, termination procedures, and information about both the employee and employer.Tax my Tax we help you to draft suitable Emploment contracts for your Business Organisation. 

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How to draft Employment Contracts ?
A Step by step guide that will help you to draft Emploment Contract by Tax My Tax Legal Team
Step 1 Concept Understanding

Our team helps you to understand the concept of Employment contract and helps you to gather all the required data for drafting and helps you to maintain an easy system for on boarding the employees

Step 2 Submission of Requisite Documents

Our team of professionals prepare the necessary draft and guides you for with simple and transparent Employment Contract with complete and clear understanding of your business with the all connected Employees.

Step 3 Preparing Contacts

Our Legal team will prepare and share you the Employment contract and guide you to maintain terms . We also provide the report that enables you for better and transparent decision making for your business.

Overview & Concept 

What is the meaning of Employment Contract ?

A contract of employment, also known as an Employment Contract, employment agreement, or job contract, is a contract between an employer and employee that outlines the terms of a job such as the rights, responsibilities, and obligations of both parties.An Employment Contract is what employers and employees use to clearly outline the rights, responsibilities, and obligations of the parties during the work period.It may include information about compensation (pay/wage), vacation time, the job description and duties, probationary periods, duties of confidentiality, termination procedures, and information about both the employee and employer.

What are the different types of Employment?

Employees are people who work for a business and who receive monetary compensation from the employer in return for their services. Since there are various types of employment, you will need to ensure that you are classifying your workers properly in any contracts that you create with them.

Employment types include:

Permanent Full Time: A permanent full time employee is someone who will be meeting the requirements for full time hours and who has no predetermined end date to his or her employment.

Permanent Part Time: A permanent part time employee is someone who will not be meeting the requirements for full time hours and who also has no predetermined end date to his or her employment.

Fixed Period or Term: An employee who is on a fixed period or fixed term employment has a prearranged end date to their employment. The contract automatically expires on the end date, and no notice is required from either party to end the employment at that time.

What are the Components of Employment Contracts ?

The type of employment the contract is for (full time, part time, or seasonal and permanent or temporary)
  • The start date and location of employment
  • The employer's information
  • The employee's information
  • The employee's job title and average work schedule (e.g. 37.5 hours a week)
  • The probation period
  • How the employee will be paid (hourly, salary, etc.), how much they will receive, and how often they will receive payment (weekly, biweekly, etc.)
  • Additional details regarding vacation time, the amount of notice required for termination, confidentiality obligations, noncompete rules, and more

What is the meaning of Probation Period ?

It is common for employers to require that a new employee complete a probationary period of 3 months or more.This period is used to determine if the employee will fit with the company's goals, if they have the necessary skills to perform the required tasks, and if the employer or manager believes that they are capable of being a part of the company long-term.An employer may terminate its working relationship with the employee at any time during the probationary period without cause and without need to provide notice or severance pay.After the probation ends, and the company has decided to continue to employ the new hire, the employee qualifies for any health or other benefits that other workers of the same nature within the company receive.Once the employee has passed their probation, the company is then required to either have just cause to terminate an employee or to provide adequate notice upon termination and/or severance pay to the employee.

Why Tax my Tax ?

We get your Employment Contract  done with complete online support. You need not to step outside your home and we guide you to enter into the business world hasselfree. At Tax My Tax , our team helps you to understand the concept of Employment Contract  and help you to arrange the right documention done for the Employment Contract . Tax My Tax has a TAT for contract is 1 working days
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