Businesses do business through employees. Most businesses are only as good as its employees. Consequently, employees are a business' most valuable assets.
Attracting and keeping good employees requires a well thought out "human resources plan" that deals with the following issues:
· Workplace rules
· Employment at will
· Employment for a fixed period of time
· Salary
· Health insurance
· Life insurance
· Disability insurance
· Deferred compensation
· Retirement plans
· Non disclosure of confidential information
· Non competition
· Non solicitation
· Performance evaluations
· Vacation, paid holidays, and personal leave
These matters should then be memorialized in an "Employees Manual".
An experience business attorney can help you develop and implement such a "human resources plan".
Such a plan needs to be reviewed from time to time. As part of the review, key employees should be asked to contribute their ideas and analysis. Although the owner will make the final decisions, this process allows the key employees to participate in the review process, and to feel that they were instrumental in the establishment of the business environment that they work in. It is part of the process of making the success of the business an important part of the employees thought processes and work ethic.
