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GCSE Business · key term
An agreement between an employer and an employee setting out the terms of employment, including working hours and pay.
Used by AQA and OCR
Paper 1
Revise: Contracts of EmploymentA contract of employment is an agreement setting out the terms on which someone works for an employer, including their hours and pay. Choosing suitable contracts helps a business have enough staff when they are needed, while controlling wage costs. Employees also need arrangements that suit their income needs and other commitments.
Paper 1
A legally binding agreement between an employer and an employee setting out the terms and conditions of employment.
Distinguish a contract of employment from the legally required written statement of employment particulars.
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A contract of employment is a legally binding agreement between an employer and an employee. It sets out what each side has agreed to do: for example, the employee performs the agreed work and the employer pays the agreed wage.