There’s nothing better than a positive, happy workplace that runs smoothly. But sometimes issues with your employer do happen, and so it’s smart to protect yourself. One way to do this is to ensure you have an employment contract in place.

An employment contract can protect your finances, reduce your stress, assist your working relationship with your employer and serve as a ‘living’ document that can change as your relationship with your employer changes.

With this in mind, here are five key elements to look for in an employment contract:

  1.     Probation Period: A probation period can provide clear guidelines if, for the wide-ranging reasons in your employment contract, your agreement needs to end. This keeps everyone on the same page as to expectations.
  2.     Money, Money, Money: You have in your mind an agreed-upon figure – but the employer has another figure. Also, just because your employer is paying you a certain amount does not mean that an award may not apply. Your employment contract should be able to deal with awards, and be clear as to what payments you are entitled to.