What Should You Look Out for on Your Employment Contract?

Employment contracts are meant to safeguard the rights of both employees and employers. While it can contain various clauses, there are a few important points that you should always look out for. Employment law firms are very particular about the job details, compensation and benefits, dates and terms, termination conditions, and restrictive agreements.

You should know that all points in the contract are necessary and important, but be extra mindful about the salient points that will save you from possible complications in the future.

Why Are These Key Areas on Your Contract Important?

Job Details

Whether as an employee or employer, the job title, job description, and assignment should be properly identified and discussed to avoid confusion when one starts working. As much as possible, you have to be specific with the title and description to ensure that both parties understand their role and the type of commitment that they can give.

While a job title and assignment can be easily defined, the job description becomes tricky since roles could become fluid in the long run. While changes in the job description can happen, what is important is that the employee’s tasks are aligned with what they have been hired for.

Compensation and Benefits

Another tricky point that should be checked is the salary and other benefits. There are numerous online platforms that allow companies to send their payments to their employees, and while this makes the whole process efficient, you still need to check and make sure that nothing is compromised in this aspect of an employment contract.

You also need to check the benefits indicated in the contract and clarify information when necessary. While benefits are common, it does not generally make it mandatory. Understanding what you can get allows you to prepare for whatever unforeseen circumstances that could happen in the future.

Dates and Terms

Apart from the compensation, your contract must also contain dates and terms that will indicate the start of employment as well as the terms and duration of the contract. Knowing this information will give you an idea of how long the contract is effective as well as how it can be terminated.

Termination Conditions and Restrictive Agreements

Contracts are meant to take effect at a particular time frame, and even if a contract is about to end, both parties are responsible for ending the agreement amicably and without any complications. Termination conditions and restrictive agreement clauses should be in the contract to protect parties from possible complications after the end of the contract.

Before each party agrees to sign the contract, you must think about the stipulations mentioned in this portion since this discusses your life after the contract. Common stipulations cover non-compete, non-disclosure, and non-solicitation clauses. Where employees can go after the effectiveness of the contract is entirely dependent on what is said in the restrictive clauses, so employees have to think ahead when signing the contract.

Is an Employment Contract Necessary?

Yes, employment contracts are necessary. You should not be overwhelmed by the words written in the employment contract. One of the best things that you can do is to ask employment law firms to help you review the contract and make sure that the agreement is fair for all parties. Coleman Greig Lawyers is one of Sydney’s premium law firms that can help you ensure that the contract is lawful and valid. This law firm comprehensively understands the employment law in Australia, thus making you confident with your contract. Consult with Coleman Greig Lawyers; schedule an appointment today!