An employment agreement or contract exists as soon as you offer employment and the employee accepts that offer. A written employment agreement is a document you and your employee sign that outlines the terms of and conditions of employment. You don't have to have a written employment agreement… however, having one ensures clarity of your expectations and legal requirements / entitlements.
In addition to clearly describing what the employee is going to do for you (the job) and what you are going to do for the employee (the salary), the employment agreement can cover many other aspects of the employment relationship – eg:
• Duration of the job (one year, two years, or indefinitely)
• Information about the employee's responsibilities
• What the employee will receive (eg: leave and any benefits you might offer as an employer)
• Grounds for termination
• Limitations on the employee's ability to compete with your business once the employee leaves
• Protection of your trade secrets and client lists
• Your ownership of employee work product (eg: if the employee writes books or invents gadgets for you), or
• A method for resolving any disputes that arise during the employment relationship.
Whether you need an employment, individual flexibility or enterprise bargaining agreement, Akyra brings specialist knowledge to the table… we have been successfully working in this field since 2002. Contact Akyra for an obligation free conversation.