Stay Bonus Agreements: What They Are and How to Use Them

Rincker Law Business/Commercial Law 1 Comment

A stay bonus agreement, also referred to as a retention bonus agreement, is a written agreement between a company and a key employee to induce the employee to stay with the company. Understanding the definition and purpose of this type of bonus agreement is critical for both business owners and employees. A stay bonus agreement is a contract between a …

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Can (and Should) My Business Mandate the COVID-19 Vaccine for Employees?

Rincker Law Business/Commercial Law Leave a Comment

Just a year ago, businesses across the United States shuttered temporarily in response to the novel coronavirus. Some of these businesses could not weather the virus storm and closed for good. Now that  COVID-19 vaccines are available, many businesses are wrestling with deciding when to resume in-person operations and bring their staff back full-time. At the time of writing, 1.5 …

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What You Need to Know about Hiring Your First Contractor

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Hiring workers is an important step for a business. A business owner is faced with a chicken-and-egg dilemma: Is it better to hire employees anticipating that the business will grow, or wait until the business has grown and then hire employees? When a business is starting out, a full-time employee may not be needed. Business owners may instead consider hiring …

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Understanding Payroll as an Employer

Rincker Law Business/Commercial Law, Employment Law Leave a Comment

Congratulations! Your business has grown and you are ready to hire your first employee. Where do you begin? What will the employee’s schedule be and how much will the employee get paid? Will your new hire be an employee or an independent contractor—and what is the difference? Did the employee sign an employment agreement? Before your new hire begins, there …

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Ask Cari: How to Legally Terminate an Employee

Rincker Law Employment Law Leave a Comment

Almost all business owners eventually must make the difficult decision to terminate an employee. Whether that decision arises from failure on the employee’s part or economic turbulence, one thing is clear: How a business handles this delicate situation can either increase or decrease the risk of negative consequences like lawsuits and unfavorable public attention. Here are the best practices to …

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Illinois Employment Law: What Issues Should Employment Handbooks Discuss? (Part 1)

Rincker Law Employment Law Leave a Comment

There is no one size fits all for employment handbooks but there are a few things that you should be sure your handbook discusses.   Here are a few pointers: Terms of Employment Open Door Policy Drug Free Workplace Policy Equal Employment Opportunity Polic Non-Union Status Statement Sexual Harassment Policy  Leave Policies Sick Leave Only a handful of states have their …

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Ask Cari: Should My Small Business Have a Vacation Policy?

Rincker Law Business/Commercial Law, Employment and Labor Law Leave a Comment

There is no legal requirement for businesses to offer paid or unpaid vacation time to employees, but it is common knowledge (and common sense) that employees who occasionally take time off are more productive and engaged when they return to work. If you decide to offer vacation time to your employees, a well-drafted vacation policy will help to ensure that …

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Ask Cari: What do I need to Know About Family and Medical Leave as a Small Business Owner?

Rincker Law Employment and Labor Law Leave a Comment

Federal law has required certain businesses to offer family and medical leave for decades. An increasing number of states have also enacted or considered passing laws requiring businesses to offer family and medical leave. For small businesses, these laws have distinct pros and cons. This article discusses some of the most important factors small business owners should keep in mind …

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Ask Cari: What Do Employers Need to Know about Noncompetes?

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A small business that has invested substantial resources in developing a product or a customer base could be devastated if its employees then go to work for a competitor down the street or set up their own competing business.  A noncompetition agreement is an important tool that could protect your business from former employees who could otherwise reveal or use …

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Ask Cari: Should My Small Business Have a Social Media Policy?

Rincker Law Business/Commercial Law Leave a Comment

According to 2018 data provided by SCORE, the largest provider of volunteer business mentors in the United States, 77% of U.S. small businesses use social media for their sales, marketing, and customer service. If you plan to use social media to promote your business, a social media policy is essential to protect your business’s reputation and avoid litigation by preventing …

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