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Formally known as Madras, it is the capital of Tamil Nadu. It is the 36 largest Urban Area by its population in the whole world. It attracts various tourist as they are having Chennai Central , Marina Beach , Madras High Court , TIDEL Park , Ripon Building , San Thome Basilica , Kapaleeshwarar Temple etc. It is having the Third largest expatriate population in India .It is also one of the largest municipal economies of the country. It is also selected to be one of the smart city under the smart city Mission
An Employment Contract is entered between the employer and employee; it vividly states the roles and responsibilities thatare expected from the employee, along with the payment structure for the same. This contract further establishes a relationship between the two parties, the employer, and employee, it is equally important for the employee as well, as it creates a clear picture for the employee to act in a specified manner and what all should he be expecting from his employer. An employee is expected to read each and every minuscule detail as mentioned in the contract, as the violation or acting in a manner against the contract would attract legal consequences which would be pleasant for the employee. It is important to note that the Employment Contract is bilateral in nature, and is thoroughly covered under the Indian Contract Act, and hence requires all the basic essentials which are required in any other contract. The employment contract is expected to contain: Roles, Responsibilities, Salary Structure, Duration of the job, nature of work, paid & unpaid holidays, and overtime pay etc., anything that is understood as an essential to the employee is required to be drafted and notified to the employee. An employment contract, however, doesn't come into force unless it has been signed and ratified by the other party.
It is always beneficial to enter into an employment contract, because it serves as a strong foundation for the formation of a relationship between the employer and the employee, and ensures that the two parties share a healthy and happy bond. Other additional reasons to have an employment contract can be enumerated as the following:
Drafting an employment contract has to be done with special consideration and with due notice to the details of all the terms and conditions, along with the basic and important provisions. An Employment Contract can be drafted by the employer himself, though it's still advisable to approach an attorney who is well familiar with the nuances of drafting a contract or approach a professional service like Company Vakil, provides services related to the drafting of employment contracts. The Process of drafting an employment Agreement Chennai can be understood as:
An employment contract has the same ingredients and essentials like any other contract which is covered under the Indian Contract Act, the basic requirements of an employment contract can be understood as follows:
An employment contract is extremely beneficial for the employers and employees, as it serves a lot of purposes, and it has even emerged to be the foundation of the relationship that the employees share with their employers. The advantages of the employment contract can be understood as the following.
The employment contracts in india are governed under the Indian Contract Act.
The employment contract terms are classified into express and implied terms & conditions.
Yes, alterations can be suggested to an Employment Agreement Chennai, if the employer doesn’t agree to the alterations so suggested then the contract can be terminated.
Though it might vary from case to case, it is usually prescribed to notify the employer in the timeline of 1 month for termination of employment.
Probation period refers to the trial period where the employer does a strict assessment of the work done and the performance of the employee.
There are three kinds of leave that an employee can take which are: Annual Leaves (Fixed in number and are paid in nature), Maternity Leave (Only for women, who are expecting, can be both paid and partially paid in nature) and Gazette Holidays (which are prescribed to be holidays by the government of India).
Usually, the prescribed retirement age is fixed at 60 years, across most of the employee organizations.
It can be both oral and written in nature, though it’s preferred to be written since it can be logged into the records.
These are those disputes which may arise before the employee has been employed in the organization; they usually arise if the employee has certain due obligations to be attended by the previous employer.
The Employment Contracts are confidential in nature since the information is private and sensitive in nature, and is to be safeguarded by the employer unless asked to be furnished in the court of law.