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When to Use a Letter of Variation
Manage episode 418018492 series 3522910
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Changing existing terms in an employment agreement can be confusing. Have you ever found yourself wondering whether to issue a brand new employment agreement or if variation letter will do? Lately, this question has been popping up more frequently among both employers and employees. So it's time to shed some light on the matter.
In this episode host, Sanam, clarifies the difference between a variation letter and a new employment agreement, helping you choose the right approach. Starting with a brief overview to understand the fundamental rule against unilateral changes and the requirement of mutual agreement. The episode then moves on to discuss when a letter of variation should be used and when a new agreement is more appropriate.
Whether you're an employer seeking clarity on the best course of action for your business or an employee eager to understand your rights, this episode offers a wealth of knowledge and actionable insights.
Tune in to unlock the secrets when considering a variation to the terms of employment and empower yourself with the tools needed to navigate this complex terrain with confidence.
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Disclaimer: The content presented in this episode is for informational purposes only and should not be considered as legal advice. The host does not assume any liability for actions taken based on the content of this podcast. While the host is a lawyer, they are not your lawyer and the information provided is based on general legal information. This podcast does not create a solicitor-client relationship.While we strive to keep the information accurate and up-to-date as at the date of each episode, laws and regulations may change, and the content of this podcast may not reflect the most current legal standards or interpretations. Listeners are encouraged to consult with a qualified New Zealand legal professional for advice tailored to their specific situation.
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