Graduating and stepping into the world of work is an exciting, and nerve-racking, time. Securing your first job is a great achievement, but before you celebrate, it’s crucial to thoroughly review your employment contract. Your contract is more than a formality; it outlines your rights, responsibilities, and the terms of your employment. Understanding what to look for can save you from potential misunderstandings or disputes in the future. Here’s a guide to help you navigate through this important process.
Job title and description
Ensure that your job title and description are accurately reflected in the contract, as this is what you are signing up to do. This section should clearly outline your role, responsibilities, and who you will report to. Vague or overly broad job descriptions can lead to issues later, such as being asked to perform tasks outside your expertise or comfort zone.
Salary and benefits
Check that the salary mentioned matches what was discussed during recruitment. Confirm whether the salary is quoted as gross or net and understand how often you will be paid (e.g, monthly, bi-weekly). Additionally, review details about any bonuses, commissions, or salary reviews.
Benefits are a crucial part of your compensation package. This section should include information about:
- Health insurance: What kind of health coverage is provided? Are dependents covered?
- Retirement plans: Is there a pension scheme? Does your employer contribute?
- Annual leave: How many days of annual leave are you entitled to? What about sick leave and public holidays?
- Other perks: Gym memberships, travel allowances, professional development funds, etc.
Working hours and location
Verify your expected working hours and any flexibility offered. Are you required to work specific hours, or is there flexibility? Understanding overtime policies is also essential – are you compensated for overtime work?
The location of your job is another important aspect. Is remote work an option? If working hybrid, what are the expectations on you? If you’re required to travel, how often, and will you be compensated for travel expenses (if so how, and when)?
Probation period
Many graduate jobs include a probation period. This period allows both you and the employer to assess suitability for the role. The contract should specify the length of the probation period, the criteria for assessment, and what happens upon completion. Be aware of the terms for termination during this period, as they are often more lenient than after probation.
Termination and notice period
The contract should clearly state the notice period required from both you and the employer should either party wish to end the employment relationship. This section should also cover grounds for immediate termination and any procedures for disciplinary actions.
Confidentiality and non-compete clauses
Many contracts include confidentiality agreements, which restrict you from sharing sensitive information about the company both during and after your employment.
Non-compete clauses prevent you from working with competitors for a certain period after leaving the company. Review these clauses carefully to understand the scope and duration. If the terms seem overly restrictive, you might want to negotiate or seek legal advice.
Intellectual property
If your role involves creating content, designs, software, or inventions, the contract should address intellectual property rights. Typically, employers claim ownership of work produced during your employment, but it’s important to understand the specifics, especially if you engage in similar work outside of your job.
Grievance procedures
The contract should outline the procedure for raising grievances, including whom to approach and the steps involved. Knowing this process can provide peace of mind should any issues arise.
Training and development
Look for any provisions related to training and professional development – if you are required to complete professional qualifications, it’s important to understand who will fund these. This is particularly beneficial for career growth and staying competitive in your field. You may also seek to understand other training and development opportunities you may have access to.
Seek professional advice
Finally, if you’re unsure about any terms or the contract seems complex, don’t hesitate to seek professional advice, Citizens Advice have a useful page on this subject.
Conclusion
Reviewing your employment contract is a critical step before accepting any job offer. Taking the time to understand each section ensures that you enter your new role with clear expectations and confidence. By being thorough and proactive, you safeguard your interests and set the stage for a successful and fulfilling career journey.
This blog post was written in response to a request from members of the UoR Alumni Careers LinkedIn community, if you have any ideas for future blog posts then please get in touch, and if you want to discuss any aspect of careers an employability, please book an appointment with a Careers Consultant.
Vicki Aldmington, Careers Consultant