Coming up with a viable business idea is the easiest part of becoming an entrepreneur. The challenging portion is when you have to turn that concept into a reality.
There are a lot of aspects involved in starting your own company. Some are relatively straightforward, such as looking for employees, while others are more complicated and comprehensive, like knowing the benefits that you should provide to each worker. This is why you should hire employment law professionals.
Employment law professionals, such as the team from Law At Work, provide valuable advice on and insight into some of the most important business matters. They know that these things shouldn’t be dealt with using a one-size-fits-all approach. They get to know your company from the inside out and spot potential problems that may arise due to your processes and policies.
Here are the five benefits of hiring employment law professionals for your business:
1. Create and peruse contracts
One significant area where employment attorneys are needed is in making and proofreading contracts that you send out. These documents are legally binding, so you must make sure that all areas are covered in the stipulations to protect you and the other party’s welfare.
Moreover, you also need the expert eye of a lawyer to peruse contracts that you receive. These professionals can discern whether the file was done in good faith or if there are terms that serve to give you a bad deal.
Contracts are particularly crucial in hiring employees. These documents must contain and clearly state the conditions for the following factors:
- Job description – New hires must know what they are expected to do, and they should find that information in their contracts. This should include the job title and the department.
- Compensation and benefits – You must break down the calculation for an employee’s pay, specifically to leave no room for misinterpretations. Their benefits should be listed in this portion, too.
- Leave policies – Paid time off through sick leaves and vacation days must be explained in the contract, as well. Employees should be properly informed about the policies for sick days, like what constitutes a valid emergency.
- Employee classification – You must be able to define whether an employee is a full-time worker for your company or a contractor. Knowing their classification ensures that you comply with the tax and insurance requirements for their employee bracket.
- Employment period – You should also specify in the contract if a new hire’s employment is project-based or it will be ongoing until retirement unless they resign or are terminated. This prevents any misunderstanding in the long run.
2. Help you comply with government requirements
Before hiring employees, you must be acknowledged by the government as an employer. This means that you have to register with your state or city and comply with their requirements.
An employment law professional can make the process more straightforward for you because they know the ins and outs of this field. They can give you a list of the documents that you should prepare according to your business’s needs.
Furthermore, employment lawyers can also help you in filing tax forms, as well as acquiring permits and licenses to operate.
3. Protect yourself and employees against lawsuits
Legal issues that affect an employee-employer relationship typically fall under termination, harassment, discrimination, and violation of employee benefits. With the assistance of an employment lawyer, you can craft a contract that encompasses the legally-mandated terms that you must include.
This way, you avoid misinterpretations and misunderstandings on the expectations that workers should have once they work for you, as well as prevent future lawsuits.
4. Represent you during negotiations
Negotiations are also a critical aspect of business, especially when you want to hire an employee with extensive experience. You will need legal representation to ensure that both you and the candidate get the best deal out of the situation.
An employment lawyer can help you with the documents that you need to prepare before the negotiations. They can also provide legal guidance during and after the session.
5. Help in restructuring and scaling
As your business grows, you’ll need to do some organizational changes, which may include lateral movements and promotions. An attorney can make the process seamless and complication-free by reading employees’ current contracts and giving them a new one with their updated job descriptions and other related information.
An employment law professional is crucial for business because you have to comply with legal requirements and documents. They can provide you with expert advice on how to create contracts, register with the government, as well as what to do during negotiations and restructuring. They help prevent lawsuits by clearing out potential misinterpretations and misunderstandings in your processes and policies.