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An offer letter is both a policy document and a legal contract. The employer/company envisions certain policy which it believes should govern the organization to help it grow and flourish.
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.
Request a written offer If you haven't received a written offer within 48 hours of the verbal offer, make a special request. Ask for a written offer that details the compensation and benefits package. Before you sign the written offer, pay attention to the verbiage.
The general purpose of the letter is to offer a position to a candidate and to spell out the details of the position. Offer letters are also used to identify a start date and provide information on compensation and benefits packages.
A job offer letter allows you to itemize the facts about the offer, outline the job's responsibilities and highlight relevant details about the company. In the event that the candidate requests to negotiate issues like salary or vacation, the job offer letter serves as the critical reference point.
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.
Can you back out of the job offer? Yes. Technically, anyone can turn down a job offer, back out of a job already started, or renege on an acceptance at any point. Most states operate with what is called at will employment. This means the employee and the employer are not in a binding contract.
A written offer can also be an important piece of documentation in the event the new hire wants to negotiate salary or benefits. A candidate's signature on the final offer confirms he or she has accepted the position and its terms.
They help prospects overcome any resistance to purchasing your product or service. An offer can encourage a buyer to order more of a given item (or items). Offers are used effectively to increase sales, but they need to be used correctly and viewed as a selling expense.
Unfortunately, your boss is correct. An written offer of employment does not constitue a legal contrat unless it guaranteed your employment in some way (i.e. your compensation, etc.) for a specified period of time. Further, without a written employment contract, you are an "at will" worker.