What is a Statement of Terms of Employment ?
A Statement of Terms of Employment is a letter to state the terms on which a company hires an employee.
The Statement of Terms of Employment summarises the terms of employment.
When drafting a Statement of Terms of Employment, the employer should be aware of certain statutory provisions in determining the terms of employment, for example entitlements to sick pay, holidays, and minimum notice periods for termination of employment.
Key points included
- Details of place and hours of work;
- Commencement date;
- Amount of salary and how it will be paid;
- Entitlement to holidays and sick pay; and
- Notice required for termination.