The Pros And Cons Of Contract Employment

Contract law has set out to provide a healthy trade environment. Contracts are promises enforced by the law, with the support of something of value that has a legal purpose. It is an agreement between parties, formed by the elements: offer and acceptance, with all parties having the capacity to perform obligations enforceable by law. There are instances where the enforcement of a contract would bring about gains or losses to society and commerce.

A contract is an agreement between two or more parties which in Scotland does not need to take a specific form, as a spoken agreement is still equally as enforceable as a written contract in certain circumstances such as in most social and domestic arrangements. A contract creates a legally binding bond between the parties involved. Contracts are made everyday sometimes without even realising it from buying a coffee to buying a house.

Also lack of these benefits may cause losing of that employee. These benefits impact the way employees feel about their work in a either good or bad way. So companies must create innovative benefits for their employees. Otherwise they can lose their competitive advantage (Worldatwork, 2007).

In addition, it is beneficial to the employees as through the union, things like wages and insurance could be agreed through collective bargaining.

There are also benefits for employees as well, such as, avoiding long-term absences which result in the employee having a difficult time returning to the workforce; maintaining a stable income, job skills, and self-esteem. (Management of Occupational Health and Safety, 2011, 327)

A contract of employment is a type of a contract used in labor law to attribute rights and responsibilities between parties to a contract (Blum, 2007). On the one end stands an "employee" who is "employed" by an "employer". A written employment contract is a document that someone and their employee sign which sets forth the terms and conditions of the employment relationship (Tepper, 2011). Many rules, exceptions and considerations apply when dealing with employment contracts.

Businesses use these contracts which allow employers to maximise the flexibility of their workforce to meet demand. Pennycook et al (2013) These types of contracts allow employers

Contract-to-hire positions allowed me to apply caution and take steps in my employment choice. I was able to experience my work environment, the corporate culture, my co-workers, my job duties and the expectations that were required of me before I committed to a permanent position with a company. In having that option before making a

This reduces labour turnover in markets, which is a major cost to business. Recruitment, retraining and the possible renegotiation of higher wages all raise costs for firms on a daily basis and are particularly detrimental for small firms with limited number of

A contract is an arrangement between two or more parties that creates rights and obligations to each party. The essential parts of a contract are as follows:

The general principles of contract law rule the structure of the contract of employment. A contract of employment is a contract by which a person, the worker, takes on for a limited or undefined period of time to do work for payment according to the instructions and under the direction or control of another person, the employer. Inside the structure of a contract of employment, a person carries out the service of work, gets payment and the work is carried out according to the direction and supervision of the employer. "The terms of the contract may be either in writing or given orally, but both are equally binding and enforceable. When a person is hired to be an employee, the person enters into a contract of service, which is an employer/employee relationship" (Determining the Employer/Employee Relationship - IPG-069, 2012).

3. A contract is a deliberate and complete agreement between two or more competent persons to do some act voluntary (DuPlessis et al., 2010). Once the contract is created, both parties are obligated to follow the terms they have negotiated and rely on those terms. With the contract each party can make sure that it gets what it bargained for. All employees have contracts with their employers, whether they are in a written form or not. Even if the contract in not written, employee still gets the information from the employer about the work that should be done, hours that

A contract is an agreement made with an intention of legal rights and obligations which the law will enforce. It contains the agreement, consideration and intention. It also have some other things to consider, like capacity of parties, genuine consent or legality of object.

Awards are an advantage for most employees as it legally protects them from any malpractices and provides them with entitlements which all employers must adhere by. It also means that employers can not alter anything that can disadvantage a particular employee. An employer can also specify the terms and conditions by which his employee has to work. It allows for negotiation of terms and conditions after wage exceeds 100 000 and employee wishes to opt out, as they can now get a common law contract.

A contract is a written or spoken agreement between two or more parties that involves the exchange of two promises, which is intended to be enforceable by law. The four basic elements are the offer, consideration, acceptance, and mutuality. When elements are broken down individually, each one is just as important as the next. If one of these elements are broken or misunderstood, it could mean result in the contractual agreement becoming not valid and end in lawsuit. The overall purpose of the contract is for legal purpose and to keep a order within an agreement.