A new team member in your business is always exciting. A previously vacant role being filled means your crew will operate more effectively. A new hire also means there is new potential ready to learn how to operate within your venture. Before their first day, though, you may want to consider an employment contract.
A written employment contract is a signed agreement between the employee and your business. While a written contract of employment is not required, they are commonly used by business owners who want to be thorough or who have invested a lot in new hires. These are a few situations when taking the time to draft an employment contract may be beneficial.