Employment contracts Essay

An employment contract is do amidst an employer and employee where the employer agrees to offer a salary in return for the employee performing duties. The occasion of a contract of employment is to draw up rules and regulations concerning the rights, obligations and conditions between an employer and employee. It mainly states the relationship between the two parties. Any breach of contract by any side is not acceptable by law. Contractual entitlements very much include Amount of pay and when it is paid Type of employment whether it is passing or fixed. Hours of work Notice period Disciplinary rules Pension benefitsTYPES OF business CONTRACTSHere ar the four most common characters of employment bring in the Maldives. Permanent employment is comm alone found in the commonplace sector where profit and loss are not very significant. And this type of employment usually provides job guarantee throughout the employees working heart Temporary employment helps businesses to manag e costs more powerfully as employees are expected to leave the organization after a legitimate period of time Zero-hour contracts are more flexible as an employer pays only for the hours that have actually been worked and does not specify a specific total of hours In a self-employed contract a person is asked to a job but on the basis that they are doing it as if they are running their cause business. They have to sort out their stimulate issue Insurance, tax, sick pay and holiday pay.MANAGING EMPLOYEE PERFORMANCEManaging employee procedure is meaning(a) to slang sure that set targets are consistently being met in an effective and efficient way.Appraisal systems in an organization are designed to be active and encourageemployees to perform to the best of their ability. Targets are set by the employer which bequeath later be evaluated at the review meeting. Then the targets will be measured against what has been achieved by the employee and a decision will be made on how w ell the employee has performed.Sometimes, self-appraisal systems are also implemented where the employees analyze their own performance by setting themselves personal targets to achieve. Self-appraisal helps employees to manage and increase their own performance making them more motivated in the workplace.The second proficiency used to manage employee performance is linking rewards to performance. Employers can offer either pecuniary or non-monetary rewards to encourage employees to work harder. Carefully monitoring employee performance is important to ensure that desired results have been achieved. Giving a reward for performance is only effective if the right outcomes are achieved.