Depending on the company and position, your new employer may not require you to sign a contract. While this sounds like a good thing, as you don't have to deal with additional paperwork, you'll want to think twice before agreeing.
There's nothing more satisfying than receiving an offer of employment. You put a lot of work into the job-search process, so you should be proud of yourself.
Nearly all employment contracts for Michigan executives include details about severance pay should the work arrangement come to an end. It is an important part of building trust between the employer and the executive. However, there are occasions when an employer wants to back out of the severance arrangement portion of a contract.
As a company owner or C-level executive, there may come a point when you're staffed with the responsibility of laying off an employee. This is never an easy thing to do, but it comes along with the territory.
It doesn't matter if you're in the process of reviewing an employment contract or dealing with the aftermath of your termination, it's critical to understand your legal rights and the steps you can take to protect them.
Before you sign an employment contract, it's imperative to review the terms and conditions. If there's anything that makes you uncomfortable, such as the inclusion of a noncompete agreement, you'll want to discuss it with the company before you put pen to paper.
When presented with a job offer, it's easy to get so excited that you agree to anything that's requested of you. This includes signing an employment contract before reviewing the finer details.
If your employment is terminated, you shouldn't delay in reviewing your employment contract and your employee handbook. This will give you a better idea of what to expect in regards to obtaining your final pay and any fringe benefits that are due to you.
It took you a long time to move your way up the company ladder, eventually becoming an executive. Just when you think everything is going as planned, you could come to find that your employer is terminating your employment.
If you hold an executive position in Detroit or other Michigan regions, you may think that you are safe from an employment dispute. After all, you have a legally binding employment contract that protects you from employer mistreatment. You probably spent a lot of time studying your contract and may have gotten a legal professional to review the document before signing. However, you or your boss can breach even the most ironclad employment contracts.