Is Your Business Protected from Employment-Related Liabilities?
Texas is doing fairly well these days in terms of small business growth, currently ranking fourth in the nation for jobs added by small businesses — in this case, those with fewer than 50 employees.
In fact, Austin was recently recognized as having the fastest-growing economy among large cities, while Round Rock ranked in the top 10 for economic growth among cities of any size. These rankings are largely due to employment numbers.
Growth of business operations typically brings with it a need for more employees, as well as the need for careful planning of contracts, employee relations and management.
Poor management of human resources creates liabilities for employers, and companies need sound legal strategies to avoid unnecessary complications that divert time and assets away from growing the business.
In addition to the creation of enforceable employment contracts, your business may need to cover a variety of other legal bases related to employment, including:
- Employee confidentiality agreements
- Promotion policies
- Non-compete agreements
- Employment manuals that establish the guidelines of the work environment
- Procedures for disciplinary action
- Employee entry and exit procedures, including termination procedures and employee testing
Texas businesses can guard against employment-related liabilities by taking action now.
While there is always a certain level of risk with a new hire, employers can protect their interests now and in the future with careful employment planning.
Slater Pugh, Ltd. LLP, provides contract and employment-related services to businesses in Austin and the surrounding areas. To learn more, please see our employment law overview.