Employment contracts provide a place for you and your employees to reference agreed-upon expectations. You can address several notable aspects of an employee’s role within your company.
Fine-tuning these agreements takes time and requires periodic review. Updating and modifying aspects of these contracts as needed can optimize the relationships you have with the people who keep your company on track to success.
Include job-specific details
A one-size-fits-all approach to writing employment contracts will often backfire. Your employees want an agreement that applies to the specific role for which they work. One way you can differentiate contracts is to include job-specific details. According to Indeed, an employment contract should include the following:
- Calculations of income including bonuses
- Outlay of benefits package
- Work schedule
- Duration of employment term
- Disciplinary measures
- Confidentiality statement
There are still more aspects of a contract that you could add to optimize its function for your organization and the needs of your employees.
Review contents together
Review the content of employment contracts with your employees prior to hiring them. If someone refuses to sign a contract, you have the right to deny the job. You could also consider negotiating specific aspects to create an agreement that everyone feels happy about.
Once signed, you rarely need to ask the same employee to sign another contract. The only time this might happen is if your employee receives a promotion. In this situation, it would benefit you to ask the employee to sign an updated document that contains a modified job description and all corresponding details.
If leveraged properly, well-written employment contracts can encourage sustainable relationships with your employees.