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Offer letters offer greater flexibility compared to employment contracts. They allow for adjustments to the terms and conditions based on the candidate's negotiation and specific circumstances.
An offer letter is a written contract that confirms the terms of employment. It's a document that lays out what your job will be and how much you'll be paid. It might also include the benefits and other details about the job.
An employment offer letter is most commonly confused with an employment contract. However, employment offers are just letters that propose the position to the candidate. In comparison, employment contracts are legally binding documents that allow the candidate to accept the job.
What is included in a job offer? Job title. Job description. Starting date. Work schedule. Reporting structure. Salary (Compensation Bonus or Commission) Paid time off. Employee benefits.
After receiving a job offer, review the compensation, benefits, perks, leave and bonuses. Use online resources and tools to compare the salary being offered with those of similar roles in similar companies to determine if it is on par with market or industry standards.