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Offer Letter (Drafting)

Companies may also make job offers via email or in writing, depending on company policy and how the company handles hiring. It's always a good idea to have formal written confirmation of the offer, so both the employee and the employer are clear as to the conditions of employment.Offer Letter specifically provides the terms and conditions of an employment so in the event of dispute between the employer and employee regarding any terms and conditions of employment offer letter can be referred. 

A job offer letter is a formal written document sent by an employer to a job candidate who is selected for employment. Company may make a verbal job offer, the hiring manager will typically call the selected candidate to let them know that they are being offered the position.It's always a good idea to have formal written confirmation of the offer, so both the employee and the employer are clear as to the conditions of employment.

 

OFFER LETTER 

 

BASIC INFORMATION

  

Companies may also make job offers via email or in writing, depending on company policy and how the company handles hiring. It's always a good idea to have formal written confirmation of the offer, so both the employee and the employer are clear as to the conditions of employment.

 

FEATURES OF OFFER LETTER

 

1. TERMS AND CONDITIONS OF EMPLOYMENT: Offer Letter specifically provides the terms and conditions of an employment so in the event of dispute between the employer and employee regarding any terms and conditions of employment offer letter can be referred. Offer letter can be used as documentary evidence.

 

2. BENEFITS: Offer letter also covers the clause of benefits of an employment, so employee will get better idea about the employment and also work structure. This will help the employee to be familiar with additional benefits apart from the basic salary.

 

3. SALARY CLAUSE: Offer letter also covers the salary amount as well as various monetary benefit which will be provided by the employer to the employee.

 

4. DATE OF JOINING AND REPORTING: Offer letter consists Date of joining and the timing of reporting thereafter. It may also provide details regarding the lunch breaks and tea breaks.

 

 5. VALID PROOF: Offer letter is valid proof in case of dispute regarding which position the employerhired particular employee and on which conditions employer offered particular job to that particular employee.

Documents


Passport Photo

Passport photo of all parties.


PAN Card

PAN card of all parties.


Aadhar Card

Aadhar card of all parties.


Utility Bill

Utility bill of Electricity or Telephone.


Address Proof

Valid Address Proof of all the parties.


Licence

Valid Driving Licence of all the parties.


Terms and Conditions

Terms and Conditions between the parties.


Other Documents

Other documents will be intimated through e-mail.

FAQ

An offer letter is any notice in written form that informs a candidate that they have been selected for employment. It's a formal letter that often includes the details of employment, from the start date, to benefits and, most importantly, the terms of employment.

It provides an introduction of the position, the company, and other relevant job details, including the start date, compensationand salary guides for jobs in corporate finance, investment banking, equity research, FP&A, accounting, commercial banking, FMVA graduates, benefits, and work hours etc..

Yes offer letters are legally binding.

However, as long as you have not signed an employment contract with the company, you are legally allowed to change your mind. It's better to decline the offer than to quit shortly after taking the job.

Whereas, an appointment letter is shared once the candidate has accepted the job offer to lock the seat or completed the probation period after accomplishing certain KPIs (varies company to company). An offer letter is released to propose filling of a vacant position by the candidate.