Finding qualified candidates to fill open positions at your business can be a job in itself. Once you’ve found the perfect match, you need to officially hire them to complete the process.
Employment contracts are an excellent way to formally set expectations and requirements for new hires. These documents help protect employers and employees alike.
A solid employment agreement sets the tone for success and eliminates confusion for all crucial aspects of this new relationship.
What is an Employment Contract?
An employment contract is a legally binding written agreement that explains the working relationship between an organization and an employee.
Employment contracts are not an official requirement for the hiring process, and these agreements come in all different shapes and sizes. In many cases, a formal offer letter and signed employee handbook may be sufficient enough to cover all bases.
However, employment contracts help eliminate ambiguity in the relationship and clearly define what’s expected of the employee and employer—so it’s typically in your best interest to create a formal agreement.
The Basics of Employment Contracts
The terms of an employment contract will be unique for every new hire. Here’s a closer look at some of the most common elements to include in an employment contract:
Job Description, Duties, and Responsibilities
This is a crucial section of every employment contract. The document must clea… Read More