The word “employment” has origins from the words ‘employ’ and ‘implicate‘– meaning ‘apply or devote something to a purpose’ and ‘to engage/hire’.
Employment relationships are unique since both the employer and the employee invest time and effort with a long-term objective of mutual growth and benefit.
The relationship is governed by employment laws, which, though quite complex when it comes to compliances, are necessary for the fair and impartial management of employment matters. It is therefore critical to have a clear understanding of issues surrounding employment matters including appointment, terms of engagement, continuing compliances as well as termination/lay-offs.
Please click here to read the full article by Raj Ramachandran, published in ET Insights.
Raj specializes in Corporate Commercial, Banking & Finance and Cross Border Investments & Acquisitions.