Having a general manager in your business is crucial to ensure that every aspect of your operations is doing well. Managers have the heavy responsibility to oversee everything; from staff to administration, to accounting, and other processes in the business that they are operating efficiently. Aside from that, they are also responsible to lead the staff to do better at their jobs and creating strategies to make the business more competitive to help them earn more revenue and promote their brand. If you plan to have a general manager for your business to help you manage it, aside from preparing for the hiring process, you also need to prepare the contract that will legally bind them to work for your company. Read the article to know how to make an employment contract.
10+ General Manager Employment Contract Samples
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What is an employment contract?
An employment contract is an agreement signed by the employee and employer that states the details regarding the rights of each party, and the obligations they need to comply with within the employee’s employment period. It is usually signed when the employee accepts the job offer and during the employee’s first day of their work.
How to Write an Employment Contract
1. Provide a Title
The contract must not go unnamed since the person who will sign or read it must know right away what the document is all about. Name your contract on what it is about. You can name it “Employment Agreement” or “Employment Contract”.
2. Identify All Parties Involved
Write down the basic information about your company and the new employee’s name in the first sentence. Make sure the details here are complete and free from error.
3. Mention the Employment Terms and Conditions
The terms and conditions must be based on state and federal labor laws, such as stating the working hours the new general manager is expected to clock in and out, the severance package they’ll receive, benefits, and paid leaves, etc.
4. Outline the Job Responsibilities
Comprehensively list down all the responsibilities that the general manager is expected to do and accomplish.
5. State the Compensation Details
This section is where you elaborate more on the compensation details that the general manager will receive in exchange for the work that they do. Explain how the employee is compensated, how overtime work is calculated, which holidays are paid and unpaid, what bonuses they are expected to receive, and how the employee will be paid, just to name a few.
6. Include Additional Contract Terms
Terms such as termination clauses, dispute processes, severability clauses, type of employment should be mentioned in this section.
7. Conclude the Contract With Signature Lines
End the contract by providing signature lines where both parties can sign the contract and write the date when the contract is signed.
What are the benefits of an employment contract?
The benefits of employment contracts are:
- Employment contracts are legally binding
- It lets employees know what is expected of them to accomplish
- It lets the employer add a confidentiality clause that prevents employees from disclosing any sensitive information to people who are not involved in the business.
What skills does an individual need to become a general manager?
To become a general manager, one must have strong skills relating to strategic planning, financial planning, interpersonal, and leadership.
What are the duties of a general manager?
There are a lot of duties a general manager is responsible to do. Here are some of the common responsibilities they have to do:
- Overseeing daily company operations
- Developing strategies for business growth
- Training their subordinates such as the low-level managers and staff
- Creating and managing budgets
- Hiring new employees
- Evaluating performance of employees
- Doing accounting and analyzing financial data
- Generating reports and giving presentations
Once you’re done creating the contract, don’t print it out yet and let the new general manager sign it. Review it first for any grammatical or spelling mistakes, check the language used if it sounds appropriate, and read if the content is written concisely. Do some revisions if you’ve spotted mistakes. When the time comes for the general manager to sign, encourage them to ask questions before they sign the contract. Once the contract is signed, congratulations! A new manager is employed and ready to lead their staff and the business. To help you get started making the contract, download our free sample templates above to use as your guide!
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