I have been an 'at will' employee for several years at my company. Recently they have approached me to put me on contract. Are there any resources to help decipher what kinds of things should be considered when reviewing employment contracts?
Submitted by John Hack on Wednesday August 5th, 2009 8:53 pm
You should probably have a lawyer take a look at the contract, one who specializes in this area. You have different legal and financial obligations depending on whether you're a 1099, an LLC, or a pure individual.
Also consider the cost of benefits as part of the package.
Finally, what is the rationale for this change? Typically, contractors get hired as employees; when employees become contractors, that's usually a sign that the firm is trying to, ahem, manage costs.
John Hack
Submitted by Andrea Pace on Thursday August 6th, 2009 9:01 am
Although I like to think that I'm being put on a contract so they can make sure they can count on me for a few years, recent events have shown that it is definitely the managing costs motivation ;)
Legal advice
You should probably have a lawyer take a look at the contract, one who specializes in this area. You have different legal and financial obligations depending on whether you're a 1099, an LLC, or a pure individual.
Also consider the cost of benefits as part of the package.
Finally, what is the rationale for this change? Typically, contractors get hired as employees; when employees become contractors, that's usually a sign that the firm is trying to, ahem, manage costs.
John Hack
thanks
Although I like to think that I'm being put on a contract so they can make sure they can count on me for a few years, recent events have shown that it is definitely the managing costs motivation ;)