Contractual or Discretionary? Considerations when drafting Employment Benefits PoliciesPosted in : Essential Guide to Employment Contracts on 25 March 2019 Issues covered:
In an increasingly competitive recruitment market, the onus is on employers to do everything they can to attract the very best talent available. Rewarding work, good culture and career opportunities are all important to prospective employees. However, employment benefits have become a key tool for employers to attract new recruits and distinguish themselves from their competitors.
In drafting provisions for any benefits (whether in the contract of employment or any policy), employers should ensure that they have the right to amend or withdraw any benefit. In the case of bonuses and commission payments, employers should ensure that the exercise of the scheme is at the employer’s discretion,
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The information in this article is provided as part of Legal-Island's Employment Law Hub. We regret we are not able to respond to requests for specific legal or HR queries and recommend that professional advice is obtained before relying on information supplied anywhere within this article.