An employment relationship is actually a legal relationship between two parties in which both parties consent to work for one other in exchange pertaining to compensation. The employer controls the place and obligations of the employee while the employee provides particular services in return for a salary. These kinds of agreements could be informal or perhaps formal and can be terminated simply by either get together at any time. A package of employment may be intended in an interview or formalised in an job contract. Moreover to payment, the employee will likely receive bonuses or other benefits.