An employment contract is an agreement between you and your employee that specifies each party’s rights and duties. If your company uses employment contracts it is important to update and renew these contracts to protect both your business and your employees. An experienced NJ business transactions attorney can help you draft new employee contracts or update existing contracts.
There are numerous reasons you could want to update your employee contracts including:
• Economic circumstances. Your business may be downsizing, moving to another location, require reorganization or need to adhere to new laws or regulations, that could require changes in:
o Employee pay rates/benefits
o Employee schedules/operating hours
o Employee duties and responsibilities
o The location of employee work sites
• Correction of errors. You may discover there are errors in the original contract that must be corrected to protect your company’s best interests.
• Disciplinary issues. If an employee is demoted or has had disciplinary actions taken due to work behaviors, pay or benefits may be reduced or changed pursuant to company policies.
Your employees may also ask for changes in their contracts such as:
• An increase in pay/benefits
• Change of status from fulltime to part time
• A revised or changed work schedule
• Improved working conditions
• Increased, sick or holiday pay
Employee contracts provide peace of mind
Having an up-to-date, written contract benefits both you and your employee because it clearly spells out what each party has agreed to and what is expected of them. Both employers and employees can have peace of mind when each knows the terms of employment are clearly written and understood. Contact LaVan Law online or call us at 856-235-4079 today to discuss your employee contract needs.