Intro
Check out the LEXR Standard Master Checklist
Happy employees, happy customers. As a company, you need to keep your employees happy and incentivized. This not only means having a proper compensation strategy (Compensation: Salary, bonus, expenses, equity participation & ESOP/PSOP) and enabling Remote work but also knowing when and how to make the tough decisions to keep the right people in and the wrong people out.
HR is not usually viewed as a department that can save your company money, and we won't tell you that hiring the right people is a cheap endeavor. However, if you do the 5 following things right when it comes to employment agreements, you will save your company a lot of money along your journey:
- Extend the probation period to the legal maximum of 3 months.
- Limit the termination notice to the legal minimum of 1 month and allow for termination with effect during the month.
- Make sure IP is assigned to the company.
- Clearly define the scope of the bonus payments.
- Sign your employment agreements with wet-ink signatures.
Read more about these topics in the following page: Employment Agreement
As an employer, you are required to pay social contributions and to insure your employees against accidents.
You must register for the payment of social contributions with the local compensation office. You can find more information here.
Accident insurance must be provided to all employees. If employees are working more than 8 hours a week, the accident insurance must also cover non-professional accidents.