What is Work contract?

What Does Work contract Mean

A contract is an agreement that two or more parties establish to determine the rights and obligations on a certain matter. The idea of work , on the other hand, can refer to the activity that is carried out in exchange for remuneration .

An employment contract , therefore, is a document that regulates the employment relationship between employers and workers . Employment contracts can be individual or collective.
In the case of an individual employment contract , it details that a natural person (the worker) assumes the commitment to carry out certain tasks for a legal or natural person (the employer), under their dependence and subordination. The employer, in turn, assumes the obligation to pay a certain remuneration for said tasks .

Suppose a young man is hired as a clerk by a telephone company . Before starting to carry out his tasks, the boy signs an employment contract with a representative of the company, stating that the employee will have to carry out administrative work from Monday to Friday from 9 a.m. to 5 p.m. and that the employer will compensate him with a gross salary of $ 1,000 per month.
The employment relationship ends when the employment contract ends. This can happen when the employer decides, unilaterally, the termination of said contract, either invoking a cause or not. The worker, in this case, is fired. Another possibility is the termination of the employment contract, which implies the disappearance of the obligations and rights agreed upon.
A collective bargaining agreement , on the other hand, is an agreement that one or more employers establish with one or more unions to set certain conditions that must be respected in labor relations. These contracts can cover issues such as wages, length of the day, and vacations .
Types of employment contract
Indefinite contract
This is not limited to a specific period of time, but provides for a continuous provision of services by the employee to the employer until one of the two parties decides to end the collaboration. Since it offers bonuses that are intended to encourage access to work for various groups, companies also benefit from opting for this type of contract.
It should be noted that in order to enjoy these benefits it is necessary that companies do not have any kind of debt from the tax administration or social security.

Temporal agreement
At first glance, this type of contract is the opposite of the previous one, since it does establish a time limit for collaboration, the maximum duration being three years, which can be extended for one more.
In this case there is the following subdivision:
* of a specific work or service : the employee undertakes to carry out a well-defined job autonomously;
* eventual : it is developed to resolve production issues, such as excess demand that the permanent staff cannot satisfy;
* Internment : used to replace employees for different reasons, such as vacations.
Training and apprenticeship contract
As its name implies, it has the objective of training the worker in a paid work regime for a specified period of time. One of the main requirements for the employee is to be between 16 and 25 years old, although if the unemployment rate is below 15%, the age range can be extended to 30 years.
Training contract
Allows workers who have completed their studies within the four years prior to the date of the conclusion of the contract to carry out an experience in a company for a maximum period of two years, either full or part-time, receiving a salary that is usually around 60% of that charged by permanent employees.