HR Glossary for HR Professionals
Glossary of the most common HR terms and acronyms to assist professionals navigating the ever-growing and ever-changing world of HR terminology.
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What is an Employment Contract?
An employment contract or agreement is a signed document that explicitly lists the conditions of employment. Unlike offer letters, an employment contract creates a binding promise between the employee and employer. For instance, an employer might write an employment contract that requires the employee to perform at a predefined level in order to stay employed. Employment agreements do not usually include “employment at will” statements.
Related Terms: Offer Letter