Question: What sort of contract should you have when you’re employing a developer for equity?
Is this contract what you would give to employees other than the compensation part? What is the regular practice if a company plans to give more equity for one employee over another? If I’ve 50% equity and a contracting developer has also 50% equity, what happens if I choose to bring another member on and offer them 10% equity? Is it possible to take 5% from the developer and my equity to pay this person? (more…)
Question: What are the proper steps for a company to follow when tasked with informing employees of a decrease in their pay?
Answer: In this circumstance, the company’s formula for determining an annual increase in pay is based upon market share and employee tenure. The employee in question was not notified that their market share had declined before a decrease in their pay went into effect. The company’s compensation analyst claimed that the employee might have been verbally notified, but appeared uncertain of this fact. Neither the employee’s director, nor their manager stated that they were aware of the pay decrease. The Human Resources Department responded to the situation by issuing a memo to the Vice President and all directors, which included information regarding the date of the pay scale revision. (more…)
California State Law has determined that cases regarding sexual harassment must have accurate and compelling factual evidence to back them up. This evidence must prove that the suspected party committed actions that were both perverted and intrusive. Furthermore, this evidence needs to prove that the actions of the offending party created a hostile work atmosphere. A hostile work environment does not just exist between the offending party and victim party. Witnessing sexual harassment as a third party person can also constitute a hostile work environment. (more…)
Realistic Concerns When Negotiating a New Contract
Before consideration for a bargaining strategy can be implemented, the employer must identify the goals of the company. A determination must be made on which is more important for the company, less restrictive language in the contract or better economic terms. The company must also decide if they have the appropriate Palm Springs business litigation law firm bargaining on their behalf. (more…)