Employee

What is Employee?

An employee is an individual who is employed by another individual or company to undertake specific tasks in exchange for compensation. 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 employee management.

More HR Terms

Dual Labour Markets

What is Dual Labour Markets?   ‘Dual Labour Markets’ is a concept created by renowned American economists Doeringer and Piore. In the 1970s, they noticed

Proximity Bias

What is Proximity Bias? Proximity Bias is the tendency of managers to favour employees who are physically present in the office over those working remotely

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