Well crafted employment contracts are the best investment you can make when hiring employees.
Once you understand the benefits of employment contracts, we think that you will insist that all new employees sign one.
Employment contracts need not be intimidating documents. We recommend that the contract take the form of a written offer of employment. Once the employee signs it then it generally becomes a binding legal contract.
We recommend that the offer letter be drafted in plain English so it is easily understood by the employee.
There is no one size fits all when it comes to employment contracts.
Some employers have policy manuals which set out certain terms and conditions of employment. Some employers have stand alone policies that set out certain terms and conditions of employment.
No matter the current situation, properly drafted employment contracts can bring together many of the terms and conditions of employment into one document.
One of the main benefits of using employment contracts is that it can significantly reduce the time, cost and uncertainty associated with employee terminations.
If you have any questions about employment contracts and wish to speak to one of our lawyers, click here
The MacLeod Law Firm has been practicing labour and employment law for over 20 years. Through our offices in Toronto and Barrie, we would be happy to help.