Job Agreement Letter Sample
Claudia Eggers October 18, 2021 Agreement
What you need to know about employment agreement? So, we'll get through some of these talking points, and we'll get through them first one. Why are they so important? But, I started off by the show today by saying that we spend so much time at work. And most of us spend more time at work than we do anything else. We probably spend more time at work than we spend time with our family, or on vacation, or doing our hobbies. So, the employment agreement is the agreement that's the document that governs what we can, and cannot do at work where we spend most of our time. That's why an employment agreement is so essential.
A lot of people don't appreciate the importance we're going to give some examples as to why it's so critical?. But it's an extremely significant document, and not only does it govern your employment, which is a reason enough to care an employment agreement could be with you for a very long time. Even after employment comes to end. So it's very, very essential to pay attention, and to be very picky about what you sign.
So, what's better? Old school handshake, or 55-page document? I know you're probably thinking, but what's actually better? I have received so many calls from people who have received a job offer. They received one or two-paragraph letters, and they call me very concerned, very upset, saying; I'm taking this new job on. And they're giving me this one-paragraph document. I need to add things to it. I want a more comprehensive, more extensive document. Well, don't worry about that. That's exactly what I tell. These individuals don't worry about the one-paragraph document, worry about the 30-page document with a lot of legalities, because I can promise you that in that document, they're going to be a lot of terms that are going to be unfavorable to you. For an employee, it's far better to start even on a handshake, or in a very short document. All that means is that you have the full protection of the law.
What are you written agreement does? It's usually take away some of those protections that you have, and either eliminate them, or turns it around that gives it to the employer. So in that regard, if you're an employee, if I'm talking to you as an employee, you don't want to have an employment agreement. On the other hand, if I put on my employer hat on, I say you shouldn't hire someone without an employment agreement depending on your perspective. But either way, it's a very important document.
So, what should an employee if they're signing an agreement ought to be watching out for we're some signs? Well done, most people that I know probably people that, you know, if you receive the job offer, what are you going to look at? That's probably my salary is fine, bonus looks good, I got my four weeks of vacation. I'm a happy guy. And that's fine.
I'm certainly not suggesting that you shouldn't look at that. But, what I'm here to say, there are other terms, at least as important as those, that you need to watch out for. Just one example, maybe a term in the agreement that limits your future severance. You may sign an agreement not realizing, five years later. When you were let go that document from five years ago, limits your severance, and now instead of getting twelve months pay. You're going to get 6 weeks pay. So that cost $10,000.
How about a non-competition obligation that says, that you can't work in the industry if you lose your job. There could be terms also that allow the company to change the terms of employment. So you may sign an agreement to be the marketing manager, making $80,000 a year. But all of a sudden the agreement actually says that we can change your job, we can change your pay. So the job that you've had is not actually the job that you're going to have.
So, that's why it's so many so important to look at other things, other than just pay. And if you don't understand what you're signing, that's a problem you should never, ever sign something without understanding what it means. You can give me a call. I can interpret it to you in simple English, and tell you whether you should be concerned.
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