Employment contracts are executed between employers and employees so that the terms and conditions of employment, including severance pay in cases of termination, are clear to both parties. This is standard everywhere in the country, including Michigan. Today, most employment contracts signed by senior executives in U.S. corporations include a change-in-control clause.
According to a recent news report, the Board of Trustees of Western Michigan University has unanimously approved a one-year extension of the employment contract of its current president. He has been serving as the president of WMU since 2007 and the present extension will carry his tenure till the end of 2017.
Michigan residents are probably aware that employment contracts are binding to both the employee and the employer. It is a foundation on which an employer-employee relationship can be built, and needs to be respected by all concerned parties.
Michigan residents agree that it is very important to be aware of all clauses included in an employment contract before making a final decision about accepting or declining the job offer. After an offer has been accepted, the employee is prohibited from negotiating compensation, benefits, job roles, noncompetition clauses or terms of severance with the employer. Recently, the Adrian, Michigan, Board of Education approved a one-year employment contract with the education association, representing 187 teachers and district staff. The next stage is to finalization the contract with the state's education board.
An agreement with employees or their representatives is binding for both the employer and the employees. It is the foundation upon which a solid relationship is built and it binds people together who have a common goal. Michigan employees would generally agree that employment contracts are final and have to be respected by all parties involved. Even if a company goes out of business, the agreement and the relationship should not fall apart.
Many employees in Detroit, Michigan, rely on employment contracts when disagreements arise from workplace disputes. Unfortunately, even the smallest oversight in an employment contract can completely alter the intentions of the employer and the employees.
Michigan state employee unions are launching a campaign against the state's governor, claiming he is a "flip-flopper" on the topics of bargaining and right-to-work legislation. Just two years ago, the governor pledged to collaborate with the unions collectively, which union representatives now say is a complete reversal of what is currently being put into practice. Workers within the coalition of unions are reporting that the new legislation is limiting their rights in the workplace.