Maintain contract details – A summary of the activity

The employer hires employees on contract for a specific period. Maintaining contract details is very important in an organization, as it is a reference or proof for all the terms agreed between the employer and the contract employee before he joins the organization. The contract employees are mostly hired through an agency for a specific work location. The work location may be local or overseas.

The perquisites of the contract employee vary from a regular employee. Action will be taken against the contract employee who breaches or breaks the contract.

This activity is primarily meant to record, edit, view and delete the contract details of an employee.

Recording contract details: You can record contract details such as,

•  The contract period agreed by the employer and contract employee

•  The fees paid to the recruiting agency

•  The type of contract, could be “Local” or “Overseas”

•  The location where the contract employee is expected to work

• The amount given as security deposit by the contract employee before joining the organization

• The Breach flag, which is the action that will be taken if the employee breaches the contract.

• The tax status of the employee

• The perquisites applicable to the contract employee

• The details of each pay element that is applicable to the contract employee. This consists of the allowances that are given to the employee.

Deleting Contract Details: You can delete the employee contract record that is no longer required.

Modifying Contract details:You can edit  the contract details of an employee. Note that you cannot edit  the employee code and the contract number.

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Prerequisites

"Record Primary assignment” activity must have been completed .

What you can do in this activity

Maintaining contract details of an employee