From the course: Hiring, Managing, and Separating from Employees

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Offer letters, contracts, and agreements

Offer letters, contracts, and agreements

From the course: Hiring, Managing, and Separating from Employees

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Offer letters, contracts, and agreements

Clarity in your employment relationships is a theme that runs throughout this course. This is especially important when it comes to offer letters, contracts, and agreements. First, let's look at offer letters. These are typically short, usually one-page documents that help clarify exactly what's being promised in a job offer. An offer letter is usually used as a check and balance on any statements made by managers that the company doesn't want to be bound to. It's a good idea to place all job offers in writing no matter the position or pay. With management and executive employees, the offer letter is often followed up with a full-blown contractual agreement. Second, there are those multipage employment contracts. My recommendation is to have all exempt employees sign an employment agreement. The contract should address everything from job expectations, performance benchmarks, bonus compensation to termination and severance provisions. They are usually templates designed by attorneys…

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