Why Do We Need Employee Agreements

Employment agreements are the documents, signed between employer and employee, that lays out the terms and conditions of the employment relationship. It clarifies what employer expect from the employee in terms of duties and responsibilities, and what he or she can expect from the employer/company(salary and benefits).

Pros and Cons of Employee agreements

Pros:

• Stand Out to Attract Top Talent

• Reduce the Risk of Up-Front Investment

• Protect Business Interests

• Ease Employment Transitions & Limit Disruption

Cons:

• Less Flexibility in Adapting to Changing Conditions

• Limits Your Ability to Fire an Employee

• Administrative Burden and Costs

• Legal Ramifications of a “Bad Faith” Breach