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Recommended features of an offer letter include the following:The title of the position being offered.The amount and basis of compensation (salary, hourly, piece rate) and a reference to the organization's benefits plan.Whether the employment is full time or part time.More items...
Although not technically required by law, written offer letters are more important than ever. While such letters can be brief, they should be thoughtfully written in order to avoid misunderstandings and unintended legal consequences.
Key Takeaways. An exempt employee is an employee who does not receive overtime pay or qualify for minimum wage. Exempt employees are paid a salary rather than by the hour, and their work is executive or professional in nature.
Some important details about an offer letter are: It is NOT a legally binding contract. It does NOT include promises of future employment or wages. It includes an employment at-will statement.
With that, every job offer letter should include the following terms:A job title and description.Important dates.Compensation, benefits, and terms.Company policies and culture.A statement of at-will employment.An employee confidentiality agreement and noncompete clause.A list of contingencies.
A job offer is legally binding on both you and the employer once you accept it.
Exempt positions are excluded from minimum wage, overtime regulations, and other rights and protections afforded nonexempt workers. Employers must pay a salary rather than an hourly wage for a position for it to be exempt.
The offer letter acts as a formal offering of the job position to the applicant and includes summaries of the main terms, conditions of the offer, details about the role and company, as well as any other details to help the candidate decide whether or not to accept the job offer.
With few exceptions, to be exempt an employee must (a) be paid at least $23,600 per year ($455 per week), and (b) be paid on a salary basis, and also (c) perform exempt job duties. These requirements are outlined in the FLSA Regulations (promulgated by the U.S. Department of Labor).
Generally, an employer may withdraw a job offer for almost any reason, so long as it is does not have an illegal basis. In California, employment is considered to be at-will, which means that an employee may quit a job at anytime and an employer may terminate the employee for any non-discriminatory reason.