You can generate two types of employment contracts on the Multiplier platform - Permanent and Fixed-term. While permanent contracts have no specified end date, fixed-term contracts have an end date specified by you at the start of the employment.

Since fixed-term contracts expire upon reaching the end date, they either need to be renewed subject to the specific country’s labor laws or be formally terminated.

If an employee’s fixed-term contract is going to expire, your CSM will reach out to you in advance, informing you about the same. You can renew a contract that will expire soon by following the below steps :

Step 1:

Your CSM will contact you regarding the contract date at least 30 days before the end date. They will also inform you about the options as to whether the contract can be renewed or converted to a permanent contract.

Step 2:

Should you choose to renew the contract, you must provide the new end date, any change in title, and compensation.

Step 3:

Your company signatory must sign the document, after which the document will be sent to the employee for signature. All parties, including the signatory, the employee, and Multiplier, must sign the updated document for the change to be effective.

Once all parties have signed the document, the end date and other information (if changed) will be updated on the Multiplier platform.

If the country's laws do not allow the renewal of fixed-term contracts, a new permanent contract needs to be signed by all parties if you would like to retain the employee.