WHY DO BUSINESS IN AMERICA IS EASILY SUCCESSFUL (PART II)
Flexible labor contracts
The employment contract expresses the free will of both parties: The employer and the employer help both to be fair before the law. Labor is also a good selling and purchasing commodity. The law protects the original agreement between the two parties. Therefore, businesses are free to recruit their own satisfied personnel.
The first type is “At-Will”: it is a voluntary labor contract between the two parties and this is considered as the main type of contract used in the US for most companies, firms, and factories. This type of “At-Will” allows an employer to leave an employee or quit an employee for no reason.
The second type of “Just-Cause” contract: only allow the employer to fire employees if there is a good reason. This type of contract is often found in large and long-standing companies in the United States, or can also be found in labor contracts signed by a union. When you sign a labor contract with a union, the employer or the manager of the company cannot completely dismiss employees without a good reason.
In addition to the two types of contracts, the other types of employment are contractual labor agreed in advance between the two service providers and the service recipient. These types of services are not considered employment contracts but are only for independent contractors.
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