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Offer Letter Vs Employee Contract

Dear ,

Offer letters and employee contracts are similar but they exist to fulfill completely different purposes. You might have been using them wrong all these while. As a small business owner, one of the major concerns for you is to be deeply aware of the difference so that you don't make mistakes. 

Typically an offer letter includes basic information about the employer's expectations and specific benefits to the employee but employee contracts are more detailed. Employee contracts in addition to what is typically in an offer letter also spells out the restriction against sharing private information or confidential information with third parties, IP policies, compensations detail, taxation, and deduction policies, leave and HR policies, etcAs a business owner which should you go for? An offer letter or an employee contract? Ideally both, but if you have to choose one which one would you choose? Learn more

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Do have a great week!Stay Safe!Sincerely,Oluchi Johnson-AchibiriCommunity Manager, msmehub.orgFATE Foundation1st Floor, Water Corporation BuildingIjora, Lagos

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