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Finding and hiring the right people is crucial for your business to grow. Most business owners and HRs do mistakes in their employee paperwork, especially employment agreement. One common mistake which we have seen repeatedly is forgetting to pay stamp duty and getting stamp paper for the agreement.
That’s why we’ve designed an employment agreement template as per Indian laws to help you hire and grow with confidence and avoid having legal problems when your business grows.
With eSahayak, you can generate employment agreements along with stamp paper with options to sign digitally as well as with your pen with our doorstep document delivery facility.
In this guide, we’ll explore what an employment contract entails, its significance, and provide you with a template to help you draft one effectively.
One more thing, people also refer to an employment agreement as:
An employment agreement, also commonly referred to as an employment contract, is a legally binding document that outlines the terms and conditions of the relationship between an employer and an employee. This agreement serves as a foundational framework for the employment arrangement and sets forth the rights and responsibilities of both parties.
It is like a rulebook between a company and its employees. It spells out what the company expects from the employee and what the employee can expect from the company. It’s a crucial document for a few reasons:
So, even though some startups and companies skip making employment agreements because they don’t know how or they take this lightly because they thought they have to procure stamp papers for it, but it’s actually really important.
|💡 Now that you understand the significance of an Employment Agreement, it’s time to take action. Let’s make it official and set clear rules for your work relationship with your employees. Click Here to begin creating your employment agreement now!|
Here are the key components typically found in an employment agreement:
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Stamp Duties must be paid according to the state rules. Here are the stamp details:
|Andhra Pradesh||₹ 100|
|Arunachal Pradesh||₹ 100|
|Himachal Pradesh||₹ 50|
|Madhya Pradesh||₹ 10|
|Tamil Nadu||₹ 100|
|Uttar Pradesh||₹ 100|
|West Bengal||₹ 100|
|Andaman and Nicobar Islands||₹ 100|
|Dadra and Nagar Haveli and Daman and Diu||₹ 100|
|Delhi (National Capital Territory of Delhi)||₹ 100|
|💡 Get eStamp delivered on your whatsapp or your doorstep of 15+ States in less than 4 hours. Click here to place your Order|
To create an Employment Agreement using eSahayak, follow these steps:
Now after reading all this you must have got to know that creating an employment agreement on your own is not so easy. So, eSahayak is here to help you with all the challenges. From simplifying the legal mumbo-jumbo to even getting those pesky stamp papers, we’ve got your back!
We’ve made signing agreements a piece of cake with electronic signatures and even offer options for both digital and old-school paper lovers. Say goodbye to the headache of drafting; our templates are like the recipe book that guides you effortlessly.
Legal compliance? We’ve got you covered there too. We keep our templates updated, so you’re always on the right side of the law. And when it comes to data security, rest easy – we’ve built a vault to protect your sensitive information.
So, in the world of employment agreements, let eSahayak be your sous-chef, your legal guru, and your trusted recipe book, all rolled into one. Because when it comes to hiring the best ingredients for your business, we’re the secret ingredient you’ve been looking for! Happy cooking, and here’s to your recipe for success!
|💡Ready to simplify employment agreements? Let eSahayak be your trusted partner. Create, sign, and stay legally compliant effortlessly. Start creating Employment Agreement Now!|
Yes, an employment agreement is typically legally binding. When both the employer and the employee sign the agreement, they are essentially entering into a legally binding contract. This means that both parties are obligated to adhere to the terms and conditions specified in the agreement.
In India, employment agreements don’t necessarily renew automatically each year. The terms and conditions of employment, including the duration of the contract, are typically agreed upon at the time of hiring and specified in the initial employment contract.However, there are different types of employment contracts:
Fixed-Term Agreement: This type of contract has a predetermined end date, and it automatically ends when that date is reached. It may or may not be renewed, depending on the mutual agreement of the employer and the employee.
Permanent Employment: In many cases, when an employee is hired on a permanent basis, there may not be a fixed end date in the employment contract. This means the employment is ongoing until either the employee or the employer decides to terminate it, subject to the terms and conditions mentioned in the contract.
Renewable Agreement: Some employment contracts may have a clause that allows for renewal upon mutual agreement. In such cases, the contract may specify the process and conditions under which it can be renewed.
An implied employment contract, in simple terms, is a type of employment agreement that isn’t explicitly written down but is still understood and accepted by both the employer and the employee based on their actions, words, or the customary practices of the workplace. Here’s a bit more detail:
Verbal Agreements: Sometimes, an employer and an employee might make promises or agreements about the terms of employment verbally, without putting them in a written contract. These verbal agreements can be considered part of the implied contract if they are clear and specific.
Customary Practices: In some workplaces, certain practices or policies are followed consistently, even if they aren’t officially written down. For example, if a company has a tradition of giving employees a bonus at the end of each year, this can become part of the implied employment contract.
Actions and Behavior: The way an employer and an employee behave towards each other can also create an implied contract. For instance, if an employer consistently provides regular raises and promotions based on performance, this can establish an expectation of continued employment and advancement.
Company Handbook or Policies: Sometimes, an employer’s handbook or policies may contain information about employment terms and conditions. Even though these aren’t formal contracts, they can still create obligations for both the employer and the employee if they rely on them.