What is an employee handbook?
A roadmap connecting employees to company culture
An employee handbook is a collection of regulations, procedures, working conditions, and behavioral standards that govern employee behavior in a specific company. The employee handbook contents can be accustomed to unite business and occupation-related data that employees need to know. It is also known as a representative manual, staff handbook, or organization strategy.
An employee handbook establishes clear expectations for your employees by mentioning employee rights and legal obligations. Employee manuals help companies avoid lawsuits and claims from employees, such as wrongful termination, harassment, and discrimination. The handbook also serves as an important introduction to your company for new employees, offering information that helps them grasp your vision and values.
What is an Employee Contract / Agreements?
The Employment Agreement lays down the rights and obligations of both employers and employees in managing employees.
An employment contract in India is a legally binding agreement extended from an employer to a new employee setting out the terms and conditions, rights, duties, and obligations that both parties must be aware of during the course of employment and thereafter.
While a verbal agreement is valid, proving its veracity may be challenging and can incur significant risk varying from expensive disputes and unsatisfied employees to a demoralizing work environment that fosters misunderstandings. In a world of uncertainty, employment contracts can be immensely valuable to employers as well as employees as they legally establish the working relationship and lay forth key guidelines and regulations with respect to the employment.
Essentials of Employee Contract/ Agreement
The agreement clearly define the duration, scope, and rights of employee-employer exchanget of services & pay.
As a legal contract, an employment agreement outlines the specific terms of employment and clearly outlines the various responsibilities of the employee. As soon as the draft has been approved and agreed upon, all parties must sign it to validate and complete the process.
A well drafted employment contract will address all the terms of employment and will leave no room for ambiguity or future misunderstandings.