Some employers and employees choose to enter into an employment contract. Usually the worker is seeking job security, while the company wants to protect its trade secrets and sales territories. However, if you sign an employment contract, you may find that you’ve given away more than you bargained for.
For starters, you compromise your at-will relationship with the employee. Most workers are considered to serve at the employer’s discretion, which means the employer can dismiss the employee at will or without cause. (This varies by state.)
Once you sign certain contracts, however, the employee can be fired only for cause. Another risk: Many employers wind up giving away far too many rights and preserving far too few. This can be a costly mistake if the employee does not work out. Unexpected obligations and commitments can make the separation extremely expensive.
Before entering into any employment contract, you should seek l...(register to read more)
- How to Fire an Employee the Legal Way: 6 Termination Guidelines
- 10 Secrets to an Effective Performance Review
- Take heart: EEOC doesn't win every time
- Joint-employer legislation scheduled to move quickly in House
- Paid FMLA leave: Coming to a state near you?
- E-Verify to be mandatory for many N.C. employers