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

Retrenchment

What is Retrenchment? Retrenchment is a process of reducing employees by terminating them from the workforce. Organizations often have to take this decision due to

Customised Employment

What is Customised Employment ? ‘Customised Employment’ is the term used to tweak and change the employment contract to appease both the employer and the

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