Sunday, May 24, 2020
6 Things To Watch Out For When Reading An Employment Contract
6 Things To Watch Out For When Reading An Employment Contract Starting a new job can be daunting and exciting â" especially if itâs your first full-time, graduate job. Whilst you should always respect your workplace and adhere to its rules and regulations, remember that a contract of employment is a two-way deal, and you can question and adjust certain stipulations without having to blindly sign the first document thatâs placed in front of you. Here are a few things which you should watch out for, and make sure are consistent with your expectations. Probationary period You will most likely be joining a new company on condition of passing a probationary period. For new graduates this will often last for 3 months, and during this period you can be asked to leave the company for little or no reason, with a shortened period of notice (often a week). Make sure when reading through the contract that you have the same rights as your employer. If they can terminate the contract in the probation period at a weekâs notice, you ought to be able to as well. Termination causes Whilst itâs common for contracts to allow there to be little or no reason for you to be laid off during your probationary period, you should think hard before signing a contract that will allow your employer to terminate for no cause in the long term. Also check the length of your notice â" at least a month is normal. And ensure that this applies to both you and your employer. Additional employment It is often a stipulation of a contract that you cant engage in any other employment (be this within work hours or outside of them) without the employers permission, and that your relationship with the company is exclusive. Whilst this is normal, if you already have a part-time or freelance job in the evenings or at the weekend, make sure you notify your employer and obtain permission for these before you sign the contract. Otherwise youâll be inadvertently in breach of the contract from the moment you sign. After your time with the company ends Across various fields ranging from from manufacturing to recruitment, companies want to keep their trade secrets to themselves. This essentially results in a clause preventing you working in the same â" or even a similar field for up to years after you leave the company. This is an extension of the exclusivity clause, and is one to watch for if your skills are in a specific area, as it can severely limit future career prospects. Holiday and leave stipulations Check how much holiday allowance you get. Whilst there is a statutory minimum, different industries often have their normal amount, whether this is the minimum or a few days more. Also check any restrictive clauses on when youâre allowed to take this holiday. Some employers will have a specific couple of months when youâre expected to take time off, whilst others will stipulate that your boss chooses their holiday first and you must work around this. If youâve already booked a holiday before starting employment, your boss ought to allow you to take this. Freelance work If youâre contracting yourself on a freelance basis there are a few other things to consider. How and when youâre going to be paid is important, with a time limit on this from the time the work is submitted. Also pay attention to the status of your intellectual property. What of your work does the company own? At what point do they own this and to what extent does their ownership of your ideas extend? Consider how this will impact on your other work if contained within a freelance contract. Alexandra Jane is the writer and editor of graduate careers advice for Inspiring Interns, a graduate recruitment agency. Check out their website to see which internships and graduate jobs are currently available. Or, if youâre looking to hire an intern, have a look at their innovative Video CVs. . Images via pixabay.
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