It is an exciting time, especially when you receive a job offer and a new employment contract. But what do all these terms, conditions in your contract mean and what should you be looking out for?
It is important to read the employment contract carefully, fully understand what the terms mean and know what to look out for. If you are employed as a Manager or Executive with a monthly basic salary of more than $4,500, you are not covered under the Employment Act1, and should pay more attention to the contract terms.
When you understand what to look out for, you understand both your rights and obligations as well as your employer’s, minimising employment disputes in future.
The employment terms which are generally more commonly brought up include annual leave, medical benefits, public holidays, salary payments, and termination of employment. However, there are other terms to look out for, and you should review the employment contract in totality.
Consider these points when you read through your contract:
- Annual leave
- Medical benefits
- Public holidays
- Salary payment
- Termination of employment
read more
