All it takes is one very disgruntled employee and BAM! You are being sued and … they win. Why? Because you chose to not have a top-tier Employment Contract in place. Don’t think it can happen to you? Ask the 36%-53% of small business owners that are currently in at-least one litigation and they will tell you differently.
It’s an awful experience and one that can cost you more than just money, it can also muddy your reputation. Litigation is always bad news as it can take years to resolve, it comes at a huge expense and can hinder business in the interim.
Avoid getting yourself into a messy situation with an employee and make sure your Employment Contracts are current and protect you and your business.
If you are unsure that you are protected by your current documents or you simply don’t have employment contracts in place (You’re a sitting duck!) then create the most secure Employment Contracts in Australia today. The minimal amount that you’ll spend creating them could potentially save you tens of thousands of dollars, if not hundreds of thousands.
Take the time to investigate your options at Employment Contracts Australia.
Signing off!
