Full Time Employment Agreement

Key Components of a Full-Time Employment Agreement

When drafting a full-time employment agreement, it’s crucial to ensure that all essential components are clearly outlined to establish mutual understanding and expectations between the employer and the employee. Here are ten key elements that should be included:

1. Salary and Compensation: Clearly state the employee’s salary, including any bonuses, commissions, or other forms of compensation. Outline the frequency of payment and any provisions for salary increases or adjustments.
2. Work Hours: Define the standard work hours expected from the employee, including start and end times, as well as any provisions for overtime or flexible work arrangements.
3. Benefits: Specify the benefits package offered to the employee, such as health insurance, retirement plans, vacation days, sick leave, and any other perks provided by the employer.
4. Job Duties and Responsibilities: Clearly define the roles and responsibilities of the employee within the organization. This includes a detailed description of tasks, projects, and deliverables expected from the employee.
5. Confidentiality and Intellectual Property: Include provisions regarding the protection of confidential information and intellectual property belonging to the company. Specify the employee’s obligations to maintain confidentiality and assign any intellectual property rights created during employment to the employer.
6. Notice Periods and Termination: Detail the notice periods required for both the employer and the employee in the event of termination or resignation. Include provisions for payment in lieu of notice and any conditions for termination.
7. Probationary Period: If applicable, specify the duration and terms of any probationary period for new employees. Outline the evaluation process and criteria for successful completion of probation.

By incorporating these key components into a full-time employment agreement, employers can create a comprehensive framework that promotes transparency, clarity, and fairness in the employment relationship. This document incorporates all of those components.

If you are looking for a more comprehensive Full Time Employment Agreement, see our Full Time Employment Agreement (Long Form) which additionally includes clauses on:

• Employee obligations;
• Specific term of employment;
• Working hours description;
• Remuneration review;
• Expenses;
• Motor vehicle benefit;
• Share scheme;
• Policies and procedures; and
• Non-solicit option.

If you would like to hire another type of employee (either a part-time employee or casual employee), try using one of our other documents:

• Casual Employment Agreement
• Part Time Employment Agreement

Other documents you may need:

• Full Time Employment Agreement (Long Form)
• Non-Disclosure Agreement (One Way)
• Discrimination Policy
• Social Media Policy
• Some Helpful Tips For Hiring Your First Employee
• Are Implied Duties Included in my Employment Contract?
• A Guide to NES: The 11 Employment Entitlements
• Is My Enterprise Agreement Part of My Employment Contract?
• Is the Modern Award Part of My Employment Contract?
• How to Hire an Employee