Executive level employees must often sign employment contracts upon hiring. While employment contracts are valuable tools in establishing the rights and responsibilities of all parties, it is vital to ensure the contract will benefit your needs as an employee. Contract negotiations can provide Detroit executives with the means to control some of the risky aspects of a written contract such as the compensation package.
Michigan residents who make their living in sales know the stress they will face when trying to meet their quotas. In many cases, the amount they are paid is contingent on achieving certain sales goals, and it is in their contract that they must reach these numbers. An employment agreement can be complicated and if there are changes made to the terms that the person believed he or she was working under, it can negatively affect their ability to earn a living. One issue that can arise has to do with territory realignment.
Some employment contracts require that the employer pay an employee a severance package before terminating their employment. Those who are dismissed from their jobs need to know what they are entitled to based on employment contracts. On the same token, employers - whether it is a public or private entity - also need to know what the contracts require of them. In some cases, the parties may have a legal disagreement over whether or not the contract should be paid.