As we enter a new year and dive into the excitement of achieving our strategic goals, we understand the importance of a smooth-running workplace. Companies aim to have increased levels of engagement, synergies across teams and a united effort towards success. Providing clarity to team members on roles, responsibilities and how they align with the strategy allow them to contribute in meaningful ways. An effective way to achieve this is to review Employment Agreements and Company Policies on an annual basis.
Employment Agreements act as foundational guidelines for employer-employee relations, specifying job details, compensation, benefits and termination conditions. Yearly reviews ensure they align with updated job changes and reflect the company’s evolution. Company policies serve as a framework for positive and respectful workplace behavior. Regular checks guarantee alignment with company practices, legal requirements, and workplace changes.
Why it Matters:
Companies evolve, and so do job roles. Regular reviews allow for adjustments to Employment Agreements to reflect changes in responsibilities, promotions, or shifts in job functions. Up-to-date and clear policies can be instrumental in mitigating legal risks. An annual review helps identify any potential areas of vulnerability.
Ensuring Compliance:
Obtaining signatures on Employment Agreements and Company Policies isn’t just a formality; it establishes a record of mutual understanding. Annual reviews provide an opportunity to scan clauses with a legal lens to keep the company compliant with Canadian employment laws.
Your Action Steps:
As your dedicated HR partners, we encourage you to review your Employment Agreements and Company Policies. Ensure that they remain robust, compliant, and reflective of your organization’s current state.
We are here to guide you through the review process, address any questions you have, and ensure that your workplace foundations are strong and resilient for the year ahead. Reach out to our team at [email protected].
We look forward to continued growth and success for your organization!
