An employment relationship can be described as legal relationship between two parties exactly where both parties agree to work for each other in exchange to get compensation. Company controls the positioning and duties of the staff while the employee provides certain services in return for a salary. These kinds of agreements can be informal or perhaps formal and can be terminated simply by either party at any time. An offer of job may be intended in an interview or formalised in an work contract. Furthermore to payment, the employee may additionally receive bonus deals or other rewards.