Employment Agreements: The Importance of Annual Reviews
Human ResourcesAn Employment Agreement serves as a foundation of the relationship between employers and employees. The landscape of the workplace is constantly evolving due to various factors. Furthermore, the spirit of the Employment Agreement may not match the language used as time goes on. Reviewing Employment Agreements on an annual basis helps to ensure that they remain fair, compliant, and reflective of current needs for a number of reasons: Legal Compliance and Changing Laws Employment law is not static – employment standards, human rights laws, and occupational health and safety regulations are frequently updated. For example, minimum wage rates, vacation entitlements, or overtime rules can change from year to year...