10 terms to look for in job offer letters
The terms that are stated in job offers are extremely important and should be analyzed with care, because they offer the employees some contractual rights. In this article, 10 key points that should be specifically looked for in offer letters are presented. Hopefully, they will save you from any inconvenience that might appear in the future.
- 1. Main job characteristics
An offer letter must contain the name of the job, the duties and responsibilities related to the position and the starting date.
- 2. Salary
The amount of money that will be paid to the employee in remuneration for his services must be stated and also this document should mention the employer’s policy on raises.
- 3. Guaranteed and discretionary bonuses
The employee should clearly derive from the job offer letter the bonus plans of the company. A minimum, maximum or a fixed amount of money that the employee will receive as guaranteed bonuses will appear and in case of discretionary bonuses it must be stated if they will be paid every year and on which criteria. In most cases, the performance of the company will be evaluated and consequently a thoroughly analysis of the employees’ competence will be performed, resulting in the decision of offering or not the bonus.
- 4. Work schedule
The anticipated work schedule should be part of the job offer letter and also details should be given regarding its modifications, which might appear in order to meet business needs.
- 5. Non-compete
In most cases, a paragraph related to this matter is omitted, so be careful. Employers have the right of imposing you not to compete with the company after your job ends, but this should last only for a limited time and the prohibition will be related only to a specific geographic area.
- 6. Non-solicit
Be careful because employers tend to omit this subject too. They can forbid you to ask customers, other employees or clients to follow you to your new company, but this should be limited to a fixed and reasonable period of time.
- 7. Working overtime
It must be stated if you are expected to work overtime and how this will be calculated. Remember that your approval is needed for working overtime.
- 8. The company’s policies
This document should include a paragraph that refers to the company’s policies that are related to information security, HR etc. You will be informed that you have to comply with these policies and that they may be modified in time and again you will have to respect them.
- 9. Confidentiality agreement
In some cases, you will be asked to sign a confidentiality agreement. This requirement should be mentioned in the job offer letter and should be attached to it. You should be provided with sufficient time (at least 5 days) to consult your counsel about this request.
- 10. Evaluations
See if the company wants you to be reviewed at some time intervals and also if they will change payment depending on the results.