BUSINESS ADMINISTRATION
INDUSTRIAL RELATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Ability or ability to take legal action
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there is work to be done
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there is an agreed wage
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the agreed work does not conflict with decency, public order and applicable laws and regulations
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Detailed explanation-1: -EMPLOYMENT AGREEMENT. This agreement lays down the terms of employment, agreed upon by the employer and employee. Whether stated explicitly in the agreement or not, both the employee and the employer have the duty of mutual confidence and trust, and to make only lawful and reasonable demands on each other.
Detailed explanation-2: -An Employment Contract, also known as an employment agreement, is a document that outlines the rights, responsibilities, and obligations of an employer and employee. For instance, this agreement typically contains information about wages, benefits, hours, and job responsibilities.
Detailed explanation-3: -Take care in choosing the right Contract: e.g. Contract of Employment, Directors Agreements, Consultancy Agreement, Contract for Services and Employee Shareholder Agreement.
Detailed explanation-4: -What is an Employment Contract? An employee contract is between an employer willing to pay an individual for their services. The employer can choose to pay the employee per hour or on a salary (annual basis). The employee is required to uphold their duties and responsibilities for the duration of the contract.