Whenever your business hires a new employee, an employment contract is signed. Generally, this contract is signed prior to the employee's first day of work. However, some occasions require a retroactive contract. An example is when an employee starts off as a volunteer and is promoted to paid status. The retroactive employment contract is like any other. It also includes a clause stating whether or not the employee is paid retroactively for the services provided prior to his promotion.
Specify the name of the parties bound by the contract, including the employer's name -- the company name -- and the name of the employee.
Advertisement Article continues below this adInclude a statement indicating that the employment contract is retroactive to a specific date. Document the retroactive date in the contract.
State the payment terms of the employment contract, including the agreed upon pay rate and frequency. Mention whether the employee is full time, part time or an independent contractor.