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:

• Employment Agreement
• Work Contract
• Job Contract
• Contract of Employment
• Contract of Service

Sample Employment Agreement Template

What is an Employment Agreement or Employment Contract?

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:

1. Clear Expectations: It makes sure everyone knows what their job is, how much they’ll be paid, and what benefits they’ll receive. This avoids misunderstandings later.
2. Legal Protection: It’s like a legal shield for both the company and the employee. If there’s ever a dispute or problem, the agreement helps settle things fairly.
3. Protecting Secrets: If your business has confidential information, like secret recipes or customer lists, you can add a clause to the contract. This clause stops your employees from sharing these secrets with others. It’s like a promise to keep your business information safe.
4. Mergers and Funding: When a company grows, merges with another, or gets investment, having employment agreements in place is necessary. It shows potential partners or investors that the company is well-organized and takes care of its employees.

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.

What should be there in an employment agreement?

Here are the key components typically found in an employment agreement:

1. Job Details: The agreement starts by specifying the job title, position, and department the employee will be working in. It may also include a brief description of the role and the employee’s duties and responsibilities.
2. Compensation: The agreement outlines the employee’s compensation package, which includes details about salary or hourly wage, payment frequency, and any additional benefits such as bonuses, stock options, or commission structures.
3. Work Hours and Schedule: It defines the standard work hours, days of the week, and any specific scheduling requirements. It may also address overtime policies and compensation for extra hours worked.
4. Benefits and Perks: This section covers employee benefits such as health insurance, retirement plans, vacation days, sick leave, and any other perks offered by the employer.
5. Termination Clause: Employment agreements typically specify the conditions under which either the employer or employee can terminate the relationship. It may include notice periods, reasons for termination, and severance packages.
6. Confidentiality and Non-compete: Some agreements include clauses that require the employee to maintain confidentiality about company information and prevent them from working for competitors for a certain period after leaving the organization.
7. Intellectual Property: If applicable, the agreement may address ownership of intellectual property created during the employment period, ensuring it belongs to the employer.
8. Dispute Resolution: It often outlines how disputes between the employer and employee will be resolved, which may involve mediation, arbitration, or legal action.
9. Governing Law: Specifies the jurisdiction and laws that will govern the agreement in case of legal disputes.
10. Miscellaneous Terms: This section can include miscellaneous provisions such as a probationary period, non-solicitation agreements, or other specific terms relevant to the employment relationship.

What are the problems eSahayak solves that HRs usually faces?

1. Complex Legal Language: eSahayak offers user-friendly templates and guides that simplify the language used in employment agreements, making them more accessible to both employers and employees.
2. Ensuring legal compliance with changing Laws and Regulations: eSahayak regularly updates its templates and resources to align with the latest employment laws and regulations, ensuring that agreements remain compliant.
3. Procuring Stamp Papers: Sit back and relax! eSahayak procures the stamp papers for your employment agreement.
4. Getting the Agreement Signed: eSahayak facilitates the signing process by enabling electronic signatures, making it convenient for both employers and employees. It provides a clear audit trail for authentication.
5. Delivering the Employment Agreement Digitally and Physically: eSahayak offers the flexibility to deliver agreements both digitally and physically. Employers can send digital copies via email for quick access and provide physical copies for employees who prefer hard copies.
6. Time-Consuming Drafting: eSahayak provides pre-drafted templates, significantly reducing the time and effort required to draft custom agreements. Employers can create agreements quickly by filling in relevant details.
7. Data Security: eSahayak prioritizes data security, using robust encryption and secure storage methods to protect sensitive information in employment agreements. Employers can trust that their data is safe when using the platform.

What is the value of stamp paper for employment agreement?

Stamp Duties must be paid according to the state rules. Here are the stamp details:

How to create employment agreement using eSahayak?

To create an Employment Agreement using eSahayak, follow these steps:

1. Initiate the Process: To start the process of obtaining your Employment Agreement via eSahayak, click on the action button. This action will lead you to a user-friendly interface designed for your ease and convenience.
2. Complete the Form: On this intuitive interface, you’ll find a form where you’ll be prompted to fill in your essential details. Whether you’re accessing our platform from your mobile phone or desktop computer, rest assured that our system is optimized for both. It’s crucial to provide accurate and comprehensive information during this step to ensure that your Employment Agreement is precise and legally sound.
3. Secure Payment: Once you’ve verified and submitted your details, the next step involves making a secure payment. Your transaction will be promptly confirmed, and as a result, you will gain immediate access to your Employment Agreement.
4. Delivery Options: At eSahayak, we believe in providing you with choices that cater to your preferences. You have the flexibility to receive your Employment Agreement via whatsapp for instant access. Alternatively, if you prefer a physical copy, we offer a doorstep delivery option to both employer and the employee. Your convenience is our priority, and we are dedicated to delivering your Employment Agreement in the manner that best suits your needs.

Conclusion

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!

FAQs