Even when faced with a dream job or an ideal candidate, it is understandable that employees and employers alike want to protect their personal interests. These interests may be best protected through employer contracts. When written effectively, these tools are usually effective at protecting employment relationships in New York.
Employer contracts are often wrongly thought of as something that only serves the employer. Realistically, employees need protections of their own. Take a person who is leaving a position with their current employer to begin working at a different company. There are significant risks involved with leaving one job and moving to another, and new employers can incentivize candidates by offering employment contracts that protect their compensation, benefits, time off and more.
Hiring a new employee can be expensive, and is at much as a risk to employers as it is to new workers. Most employers understandably want to protect their interests when bringing in new hires who may not be in it for the long-term. Terms and conditions of employment, expectations of the job, noncompete agreements and other important clauses are common features of these contracts.
Even when both parties want an employment relationship to work out, outside factors — including company practices, current markets and more — can affect how successful these relationships are. For both employees and employers, employer contracts can prove to be effective tools that protect everyone involved. However, since New York employment law can be complicated, both sides are usually best served by consulting an experienced counsel before signing any type of employment contract.
Source: thebalance.com, “What Is an Employment Contract?“, Susan M. Heathfield, Dec. 31, 2017