While forming your business in Florida, have you thought about the employees you would like to hire? Knowing how to structure employment contracts better ensures you have the workforce you desire, and that you cover all your legal bases.
Chron breaks down how to structure contracts in a way that attracts new hires. Understand how to spell out employment terms and conditions.
Do not leave employees in the dark regarding their job duties. If you have a company handbook or by-laws, they can guide you on how to word individual employee duties. Focus on a worker’s specific responsibilities and the overall quality of work you expect. Include the employee’s position in the company hierarchy, if necessary, and the employee’s manager or supervisor.
Depending on the nature of your industry or company, you may need to include a confidentiality agreement in employment contracts. Note any business details or information employees should not share with the public. If you have confidential business practices, formulas, data, processes or equipment, consider having new employees sign a nondisclosure agreement. Know that confidentiality agreements extend past an employee termination.
Worried that a competing business may snatch up one of your top employees? If so, include a non-compete clause on your employment contracts. Such clauses stipulate that after a key employee leaves your company, she or he must wait a specified period before working for a business similar to yours or one of your competitors in a designated geographic area.
Personalize your employment contracts in a way that reflects your company culture. Focus on creating a mutually beneficial agreement between you and your employees.