This document discusses employment offers and contracts. It explains that an employment offer invites an individual to a job regardless of whether they applied, and includes details like salary, benefits, and job title. An employment appointment accepts this offer and formalizes the terms of employment such as salary, duties, leave policies, and termination conditions. The document also notes key differences between product and service industries and different types of employment contracts.
2. Contents
I. What is invitation for employee?
a) Employee Offer
b) Employee Appointment
II. Product v/s Service Industry
III. Contract
IV. Changing Scenario
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3. What is invitation for employee?
Employee Offer
Invitation regardless applied or not
Written, Verbal
Salary, Benefits, Job title, Tenure
Negotiable
Date of Joining
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4. What is invitation for employee?
Employee Appointment
Accept job offer letter
Willingness to hire an employee
Terms and conditions
Base Salary, Allowances, Duties and
Responsibilities, Working hours, Annual
Leave/Holidays, Medical, Provident fund, Rules
and Regulations, Termination & Retirement
Services to be offered
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5. Product v/s Service Industry
Different skills
Different Knowledge
Different contracts
Customers expectation
Willingness
Challenges
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6. Contract
Requirement for enforceable contract
Parties to contract
Form of contract
Disclaimers
Contingencies
Unfulfilled promise
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