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For employees who have serviced for more than 6 months, there is a customary 13th-month pay as an annual bonus in Nepal.
The most common way to calculate 13th month pay, as exemplified by the Philippines, is simply to divide the gross annual salary of each employee by 12. The resulting number is the average monthly pay, and thus the amount to pay as a thirteenth salary.
The employment agreement spells out the rules, rights, and responsibilities of both the employer and the employee and includes any special obligations or terms that are unique to the position. Employees can negotiate the terms of their employment, including salary and benefits, before signing an employment contract.
The best way to communicate termination is through a formal letter. Some contracts actually stipulate that notice of termination be presented to the contractor in writing. Review the specifics of the contract to ensure you're abiding by all the terms as necessary.
Here are some steps you may use to guide you when you write an employment contract: Title the employment contract. ... Identify the parties. ... List the term and conditions. ... Outline the job responsibilities. ... Include compensation details. ... Use specific contract terms. ... Consult with an employment lawyer.