Employee

What is Employee?

  
An ‘Employee’ is the term that defines an individual who is employed under another individual or company and works for predetermined wages or salary. Usually, employers or the company hiring the employee would package the work into a profile known as ‘job profile’.

 

When an employer hires an employee for a specific job, they get into an employment contract. The wages and other benefits of the employee would be enumerated in the contract as well as the nature of the daily duties. It would also contain the rules and regulations that the employee has to follow while remaining employed in the company.

 

An employment contract also has termination-related rules and it differs from one company to the other. Similarly, the working hours would also be defined by the employment contract along with all the other aspects of the employment.

More HR Terms

Bradford Factor

What is Bradford Factor ? The ‘Bradford Factor’ is a formula used as a means to measure the absenteeism of an employee in companies. It

Boundaryless Organization

What is Boundaryless Organization ?    A ‘Boundaryless Organization’ is an organization in which there are no metaphorical boundaries, unlike a traditional organization structure. While

Third Party Administrator (TPA)

What is Third Party Administrator (TPA) ? ‘Third Party Administrator’ or ‘TPA’ refers to those agencies that handle the administrative duties of a specific process

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