5 things you should check before accepting an offer letter
When you are hunting for a job and get an offer letter finally, getting all excited is normal. You tend to consider your job hunt a success and feel like the god has finally answered your prayers. But in reality, is it so? Maybe yes, or maybe not. All of this really depends on the offer letter and precisely what is the offer letter format, what has been included and what has not been mentioned. Otherwise, signing the same in haste can prove to be quite troublesome for you.
Read this blog as we tell you the five things that when mentioned should be read carefully.
● Confidentiality and non-disclosure agreements
Most of the companies have this, but its rigidity actually makes a lot of difference. In this agreement, basically you agree to not leak the sensitive information of the company related to finances, design, communications, etc. Infact, whatever you learn about the company should stay private when necessary. So, if you are in a habit of talking a lot, you may want to understand the same in detail and identify if they also can lead to legal action against you.
● Non-Compete Clause
One of the other most important mentions in the offer letter format is the non compete clause. It is primarily a clause between two parties, where one agrees to not compete with others for a set period of time. This comes as a limitation for the employees as it limits their ability to work or associate themselves with any other company. To do the same, you would be required to wait for the contract to lapse. If you are into freelancing this can lead to problems.
● Non- Solicit Agreement
This agreement restricts your communication with the employer’s clients once you have left the job. This agreement is there to keep the company business on a safer side. You might be very good at what you do and because of that, you may plan to build your own business and steal your company’s client. So, the same is done to protect the company from losing its business.
● At-will employment-
This offer letter format can be found in the USA, at-will employment empowers the employer and the employee to leave each other as and when they want, regardless of any reason sparing discrimination, special circumstances and retaliation.
● Arbitration clauses
This clause is to safeguard the opinion and interest of the employer and employee. According to the same, whenever there is a dispute between employee and employer, a third party must intervene to settle the issue. This means that no lawsuit can come in the picture.
So, the aforementioned 5 things are the one that you should read and understand properly and decide if you will be okay with them. After this, the next step would be getting the appointment letter that the HR will give you to announce you a permanent employee using an appointment letter template. This is why it is better to begin working while you are on the same page.