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Developing a reliable employment contract for your business

If you own a business in Texas, you probably know that choosing who to hire is one of the most important things you will do. Selecting talented individuals who have the required skill sets to optimize critical tasks within your organization can effectively help you to reach the goals you have set for your company.

An employment contract is an excellent resource to provide new hires with clarification on critical aspects of their job while giving you the peace of mind that you have implemented necessary measures to protect your company and its assets.

Leading with an employment contract

Early on in the hiring process, you should disclose the terms and conditions of your employment contract. Take the time to go over the document in its entirety, addressing each section along the way. Ask candidates if they have any questions and show them where they can find answers to common questions throughout the contract. Providing critical information about your company and your expectations early on can allow new hires to do their jobs effectively and provide you with the reassurance that they are aware of what is expected of them.

Articulating an employment contract

Forbes suggests addressing such topics as how disputes will be handled and what policies you have regarding the termination of employment. You may also consider providing general information about how the pay scale works including salaries, commissions, bonuses and benefits.

Any confidentiality agreements or non-compete clauses should also be included within the employment contract you give to your employees. The contract should be clearly signed by both you and the person you hire and both of you should have a signed copy. For more information about business contracts, visit our web page.