Business & Finance Careers & Employment

Contract Employment - An Overview Of The New Process?

People who work for the companies are recruited in 2 ways.
They either work for the company directly, as the company's employee, or they are hired on the contract basis.
In case of the contract basis, the employees work for that particular company only for a particular period.
More or less, it is like a person being hired to complete one particular project.
Whether the person is a full time employee, or has been hired on the contract basis, it is important for him to fill in the contract sheet.
In case the person is completely working for the company, the benefits that he can enjoy in the company are much more than what a contracted person does.
Instead, for a freelancer, the contract will carry details about the project he is working on.
For the full-time employees, there needs to be a list of briefings in the contract, so that both the employer and the employee know that no one is stripping them off their right.
For a fresher, the company contract must list out all the benefits of being a full-time employee and all the wages that he will be receiving.
It should also list what the company would be covering in the form of health insurance, paid vacations, retirement plans, and many more.
In this way, both the company and the employee can be sure that their rights will be protected, and one will be loyal to the other.
The briefer the company contract is, the better, because you will know that you will not be sued for any random reason, and your confusions will be much lesser.
As far as freelance workers are concerned, the situation is much more different.
The contract will not feature any information that is there in that of the regular employee's.
The freelance employees are crippled when it comes to benefits from the company, they don't enjoy as many benefits and wages from the company as a regular worker.
They just get what they deserve, for the job they do for any company.
The contract only features the work that is to be done, and what if it is not kept up.
In the general scenario, freelancers are taken in a company just for one project, or two, not more.
So, the relationship between the company and that worker is only in terms of the project that is going on.
The contract of a freelancer will only contain information about the pay, and the project finishing time.
The freelance workers are more of a service provider than an employee.
And, the contract says it all!
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