How Do You Prepare A Small Business Employee Contract?
Hiring an employee can be a great help to your small business, but even if you’re hiring a friend or previous colleague, you should consider creating an employee contract. Employee contracts protect both the employee and the employer by establishing important job expectations and the terms of employment such as hours and rate of pay. Taking a small amount of time to prepare a small business employee contract can save huge headaches down the road. Include Basic Information in the Employee Contract Step 1 Include the employee’s start date in the employee contract. Step 2 Describe what an employee’s job responsibilities are in your small business. Step 3 Explain the compensation package that an employee will receive from your small business. This includes salary, bonuses, vacation, medical leave, benefits and stock options. Also include how often an employee is paid. Step 4 Specify the hours the employee is expected to work. Indicate whether there is overtime available and explain the pay
