While every business is different, there are certain things that all company owners and managers can do that will allow them to protect the interests of their operations. One of these things is drafting contracts for their employees. Employment contracts are legally binding agreements that outline the rights and responsibilities of both parties in the relationship.
Regardless of the role of the individual Georgia employee, a contract allows you to reduce the chance of complications with the people who work for you. This is an important part of protecting the interests of your company, lowering the chance of litigation and making your business a place where qualified employees will want to work. These contracts can be custom-tailored to the needs of your business operations and even the specific role of the individual employee.
The details matter
The more detailed an employment contract can be, the better it will be for all parties involved. While every employment contract will be different, there are certain details that are important regardless of the nature of the individual job. Some of the terms that are critical in most employment contracts include:
- Term — This explains how long the employee will work for your business. If it is a limited-time role, the contract should include an end date for the employee.
- Description of the job — The contract should carefully outline the exact role the employee will be taking, including the days he or she will work, job duties, expectations while on the clock and more.
- Compensation — An employment contract should carefully explain what an employee’s pay will be, whether he or she is a salaried or hourly employee, options for bonuses and more.
It is also important to include in your employment contracts important clauses, such as non-disclosure agreements or non-compete terms. This is important if your employees will have access to information about your business that is important or of a sensitive nature during his or her employment.
An understanding of employment law matters
You may be a business owner, but that does not mean that you fully understand the legal intricacies of all employment law matters. That is why it is important that you have experienced guidance as you create contracts and establish strong relationships with your employees. One of the first steps you can take in this process is drafting employment contracts.