Policy: Legal-financial aspects of work contracts: Difference between revisions

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===Reconciliation of cost===
===Monthly payment===
The typical case is that the organization guarantees each new person a minimum monthly income for a period that is typically 1 year. The same individual might have multiple contracts with the organization (one for each project in which s/he participates), or one contract which covers one or more projects from which the individual has financial benefit. In both cases, the contract should have an attachment that clearly specifies the daily (or sometimes hourly) rate that the person may charge the organization, as well as the maximum number of days (or hours) that the person can charge towards involvement in a specific project. The Financial Unit issues a monthly payment of the [[Minimum Monthly Payment]]
In order to release the monthly project payment, every associate has to submit timesheet showing the actual hours spent on each and every project in which s/he is involved. The payment is calculated based on the information of the the submitted timesheet taken into account the rate and productive hours set in the [[Employee/Service Agreement]].


[[Category:Policies]]
[[Category:Policies]]
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