Research your employer’s policy. In many cases, organizations agree to give employees 10 percent of the money that’s saved or earned after using an idea. Sounds good at first, but check whether the company imposes a cap of, say, $10,000 or whether you’ll keep collecting money after the first year.
If you’re sure you have a blockbuster bottom-line idea, you may want to bypass your employer and set up shop on your own.
But beware: Some employment contracts prohibit such moves by giving your employer rights to any ideas you develop that relate to its business.
- How to Fire an Employee the Legal Way: 6 Termination Guidelines
- Cal/OSHA puts heat on contractor after flash fire injures welder
- Employee returning from FMLA? Alter pay only in rare situations
- It's time to give your wellness program a legal checkup
- Tough attendance policy? Careful when calling 'Strike three'