Featured

What ALL Employees Should Know! [Employment Contracts]



Published
An employment contract or contract of employment is a kind of contract used in labor law to attribute rights and responsibilities between parties to a bargain. The contract is between an "employee" and an "employer". It has arisen out of the old master-servant law, used before the 20th century. Employment contracts relies on the concept of authority, in which the employee agrees to accept the authority of the employer and in exchange, the employer agrees to pay the employee a stated wage.

Self-employed people should be able to look after their own affairs, and therefore work they do for others should not carry with it an obligation to look after the rights to a minimum wage, holiday pay, sick leave, fair dismissal, a written statement of the contract, the right to organize in a union, and so on. An independent contractor is in business for him or herself providing services to other businesses and does not work for or under an outside authority. An employee works for an organization and is covered by federal and state employment and labor laws, which entitles them to certain benefits such as social security, income tax withholdings, and workers compensation, among others per the United States government.

Employment contracts define the type of employment, which fall into two categories: for-cause employment and at-will employment. For-cause employees can only have their employment terminated for a just reason. The employer's decision to terminate an employee also must be reviewed by an independent body to ensure the termination was indeed just and provide protection for employees from unfair or arbitrary termination. On the other hand, at-will employment does not require an employer to give any cause for termination. At-will employment is unique to the United States, as most countries require specific procedures for employment termination.

There are several theories as to why at-will employment became a legal standard in the US. According to Jay Feinman in The Development of the Employment at Will Rule, as a result of the Industrial Revolution and increasing economic pressures, courts adopted the rule because it favored employers who were trying to avoid mounting employment lawsuits. Employers did not want employees to have a voice because if they knew they could be dismissed at any point, they would be less likely to protest working conditions, wages, etc. At-will employment doctrine also maximized employers’ ability to decrease their work force in times of economic contraction.

An employment contract should clearly define all terms and conditions of the employment relationship. The most common elements to any employment contract include the following: Terms of employment, Employee responsibilities, Employee compensation (i.e. wage/salary, benefits), Employment absence, Dispute resolution, Nondisclosure agreements, Ownership agreements, Assignment clauses, Employment opportunity limitations, and Grounds for termination.



✅ ABOUT
▬▬▬▬▬▬▬▬▬▬▬▬▬
• I'm a curious person who likes to learn new things. The purpose of this channel is to do two things: (1) share my passion for learning and (2) inspire you. I hope to foster a community of learners with broad understandings.
• All topics are covered ranging from simple to complex.
• Subscribe if you like to learn new things.

✅ CREDITS
▬▬▬▬▬▬▬▬▬▬▬▬▬
• Song: Fredji - Happy Life (Vlog No Copyright Music)
Music provided by Vlog No Copyright Music.
Video Link: https://youtu.be/KzQiRABVARk
• This video uses material from the Wikipedia article Employment contract https://en.wikipedia.org/wiki/Employment_contract which is released under the Creative Commons Attribution-Share-Alike License 3.0 https://creativecommons.org/licenses/by-sa/3.0/
Category
Job
Be the first to comment