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Chapter 21

Chapter 21. Employment Contracts. What is employment?. Employer - The party in an employment contract who pays. Employee - the party in an employment contract who does the work. Employment - A contract to pay for supervised work.

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Chapter 21

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  1. Chapter 21 Employment Contracts

  2. What is employment? • Employer - The party in an employment contract who pays. • Employee - the party in an employment contract who does the work. • Employment - A contract to pay for supervised work. • Independent Contractor - One retained to accomplish a specific result without supervision.

  3. Where do the Terms of the Employment Contract come From? • Express Agreements • Employment for a specific period - employment contract which contains an express term identifying the length of employment. • Implied Agreements • Terminable at will - Describes a job in which there is no agreement concerning length of employment. • Law provide man Terms

  4. What Employment Duties are Created by the Law? • Obedience • Duty of obedience - The duty that the employee should obey all reasonable orders and rules of the employer. • Reasonable Skill • Duty of reasonable skill - The duty that those who accept work must possess the skill, experience, or knowledge necessary to do it. • Loyalty and Honesty • Duty of loyalty and honesty - The duty that the employee should not commit a fraud upon the employer or reveal confidential information about the business. • Reasonable Performance • Duty of reasonable performance - The duty of an employee to perform assigned duties at the prescribed time an din the prescribed place.

  5. What Duties are Imposed by Law on the Employer? • Reasonable Treatment • Safe Working Conditions • Fair Labor Standards • Payroll Deductions • Payroll deductions - A legal obligation of the employer to withhold a percentage of the paycheck to cover the employee’s federal and state income tax obligations. • Worker’s Compensation - Payment that compensates employees for injuries that occur on the job. • Duties to minors • Work permit - A document given by the state allowing a person under eighteen years old to work. • Military Service and Voting

  6. How is the Employment Contract Terminated? • Employment Contracts Terminable at Will • Wrongful discharge - when an employer fires an employee for the wrong reason. • Employment Contracts for a Specific Length of Time • Employment Contracts with Governments • Right To Unemployment Compensation • Unemployment Compensation - Governmental payment to lessen consequences of job loss.

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