Being hired as an executive at a company can come with a lot of perks including a nice base salary with opportunities for you to earn bonuses. While all of these may leave you wanting to ask where you need to sign your contract so that you can get started, you may benefit from having an attorney review it and even negotiate a little on your behalf.
One reason that you may want to bring an attorney into the fold before you sign your contract is so that they can negotiate what your job title should be. This could be helpful to you if you were to seek a job elsewhere in the future. It sends a message about the caliber of work you can competently handle.
They may also be able to help you negotiate a higher salary by showing your prospective employer what others in your same role or at the same level make. They also may be able to help you negotiate a sign-on or annual bonus or a stock-options package.
Bringing in an attorney to help in negotiating your contract may also aid you in gaining additional perks such as relocation assistance, a wardrobe stipend or even an allowance for your child’s school tuition.
Another important reason to bring an attorney into the fold in negotiating your work contact is to ensure that any noncompete provisions contained within it aren’t unfair or overly prohibitive. Your attorney may be able to negotiate for a severance package to be paid if you leave your role which may include bridge-the-gap health insurance and other types of compensation.
The pay many executives are offered seems fair up until they see just how much hard work they have to put in to help their company grow and make a profit. A Detroit employment contracts attorney can help you come up with a realistic expectation of the number of hours that you will work in your role and how much in periphery expenses you may incur. They can then help you negotiate a fair salary for your efforts based on this.
