Employment Contract In Chennai

EMPLOYMENT CONTRACT CHENNAI

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.

Reasons to have an Employment Contract in Chennai

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:

1. Defining roles and responsibilities – It serves the purpose of defining proper and accurate roles and responsibilities that are to be expected from the employee, and what his work would be in relation to the employee organization.
2. Definite Wage & Salary Structure – This paints a very clear picture to the employees regarding how the wages and salary are to be received by the employees and provides for a structural formation of increments and bonuses.
3. Duration of Employment – Sometimes the employment is offered for only a specific duration of time, and this is clearly mentioned in the contract if the employment is of such nature, hence it prescribes a timeline after which the employee’s services would be terminated, and hence it ensures a more organized form of employment.
4. Establishment of a trustworthy relationship – A trustworthy relationship is really vital for any organization to be operational for a long term. Hence employment contracts help build a harmonious as well as a transparent relationship with the employers.

The Process of drafting an Employment Agreement Chennai

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:

• Mentioning the details of the contracting parties – First and foremost the contract shall mention the details of the parties who are contracting, which is the employer and the employee and it should contain all the relevant data in respect to Nationality, Place of Birth, everything.
• Describing the nature of work, duration of employment and timings of work – The main components of the contract which properly and accurately defines the roles and responsibilities of the employee, and the work that is so expected from him, mentioning the duration of the work if the employment offered is not permanent in nature.
• Defining the salary structure – The salary that would be drawn by the employee and at what intervals would it be drawn (daily, weekly or monthly).
• Leave system (Paid or Unpaid) – Whether the employee can take leaves, and at what intervals. The contract has to prescribe provisions regarding paid and unpaid leaves along with the number of leaves.
• Dispute Resolution – In case the employee is found acting against the provisions of the act or if the employer is found harassing or causing trouble to the employee, simply put if any of the parties are found in violation of the terms of the contract, the contract should mention about the dispute resolution mechanism.
• Financial Provisions – This refers to the income tax, allowance, and insurance benefits, which are to be inserted into the employment contract.
• Confidentiality –The information mentioned in the contract is usually very private and sensitive in nature, hence the confidentiality clause is mentioned so as to secure the terms of the contract from any third party.
• Acceptance Approval from Employee – Lastly, when the employee has gone through, cleared his doubts and is fully satisfied with the provisions of the contract, and then only the contract comes in operation & becomes a legally binding document.