If you're considering expanding your business in the new year, you'll likely be making a few new employment offers. Amid the thrill of a booming business, it can be easy to get caught up in the excitement and rush through the new hire paperwork. However, we find that it is essential to review a handful of items before agreeing to an employment contract in Raleigh - as both the new employee and the employers.
What is an Employment Contract?
Have you ever considered that employees and employers need contracts? Most people don't, but it's something to think about. You may even need one yourself, without realizing it. So, let's take a step back. Do you have an employment contract - a written, legal contract? If not, what is an employment contract and why is it so necessary?
An employment contract clarifies the terms and conditions of a working relationship between an employer and an employee. This officially documented agreement, with the signatures of both parties, plays a critical role in defining job responsibilities and expectations, as well as the operational details of the business. Moreover, it serves as a legal safeguard, offering protection to both the employee and the employer.
Working without a contract or a formal employment agreement in place, or waiting until after an offer has been extended is not recommended. Both the employer and the employee have the greatest leverage to negotiate any modifications to an employment agreement before the designated start date.
As such, if you don't have anything written up and are unsure of where to start, the best place to start is to contact Eldreth Law Firm, an attorney in Raleigh NC. They are expert contract and agreement lawyers. They will be able to help you with all your contract and agreement needs. A lawyer in Raleigh NC is the best first step to operating a successful company.
What does an Employment Contract typically include?
An employment contract typically includes essential particulars such as the start and end dates of employment, compensation details, job responsibilities, and mutual expectations between the employer and the employee. Specifically regarding compensation, the employment contract should explicitly state whether the employee falls under the exempt or nonexempt category, influencing their payment structure and determining eligibility for overtime pay.
The employment contract should also clarify the individual's employment status, whether they are designated as an at-will employee, subject to termination by the employer for any reason, or falling under a different classification. This distinction not only determines the conditions under which the employee can be terminated but also outlines specific obligations they are obliged to uphold.
Being sure that the employment contract has stated everything it needs to is important. Otherwise, you may end up with a legal contract that doesn’t help you in a difficult situation. The employment contract in Raleigh is put in place to do just that. It helps you, as an employee or employer, define situations or duties.
To know if an employment contract is right for you, whether you are an employee or business owner, please contact us today. You may find that you need several types of contracts. Eldreth Law Firm, lawyer in Raleigh NC can help you document and legalize them. Contact a lawyer in Raleigh NC today!