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  • vickyp
    Keymaster
    August 21, 2023 at 10:41 pm
    Post count: 4922
    #80804
    Forum: Community

    Hello,
    We are looking at having all of our employees sign updated contracts as ours are currently outdated and inconsistent. From what I understand, there needs to be a form of consideration given for an employee to sign a new contract. Do you know if we could simply have employees sign at raise time and that would be the consideration? Each year our employees receive an increase in March, so we were hoping to have them re-sign then with new salaries. But I was not sure if an annual increase would not be considered consideration.

    vickyp
    Keymaster
    August 21, 2023 at 10:41 pm
    Post count: 4922
    #80803

    Thanks so much for your help.
    In this case we do not have anything written that states employees receive a raise each year, it has just become customary for us to do this. So technically we could not provide raises one year and there would be no documentation that we were doing anything wrong. Does that change anything?

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