The world of employment is full of contract. The moment you join in a company, you enter into a contract. And there is no exemption. The security guards, staffs, associates, and the managers, they are all alike. They will have to sign a contract. In this article, we will discuss about how contract works, particularly that of a business manager.
What is an Employment Contract?
An employment contract is a binding terms that both parties, the employee and employer wild adhere to.
What Can be Found in a contract?
Implied Employment Contract. There are things that are part in the contract that may not have to be written. It is called implied contract. This is part of the contract that both parties will have to heed on to without really have to talk about it. It is not written, but you know it should have been there, but at the same time, there is no need to write such things because they are too obvious.
What is the Purpose of a Contract?
The purpose of a contract, whether in an employment or in court or in any matters, is to establish the rights and agreements in between the two parties. It establishes the relationship of a two “non relative” individuals, so that when they enter into an agreement, they will be bound to adhere to certain principles, code of conduct, and responsibilities. Among these responsibilities is the the practice of confidentiality.
The contract will provide how each of these party should behave in the manner written in the contract. It also sets how two parties should relate to each other.
Why Contract is Important in a Company?
The Role of the Manager
Some people would divide the manager’s job into three: the informational roles, the interpersonal roles, and decision roles.
Figurehead. The manager is not the father of the employees, nor he will act like one. But it is a given atmosphere that if there is a manager in a group, the members will always have that feeling of confidence and security. This is due to the fact that leaders are supposed to handle all problems that may arise along the way.
Leader. He is not just a figurehead that the subordinate will look up to, he is also a leader. We all know what a leader means and what it does. But basically it is about being able to know where to bring something to its destination. A leader is like a delivery guy, only he does not carry a package box, but the whole team, the whole company.
Negotiator. The manager is also a negotiator in that he has to make connections with third parties. It is actually the job of the purchaser, but he is also part in the transaction process.
Liaison. As a liaison, he should be the person to talk to in if there is a need for a clarification either from external or internal inquiry. He stays in between two parties making sure there is a smooth flow of conversation, communication between them.
Monitor. The manager does not always have to be telling the people what to do. But at least he should be able to monitor hat the group is doing. Are they inline with the company’s vision and mission.
Disseminator. The manager is the first person to disseminate notices.
Spokesperson. Almost the same as a liaison, the manager represents for the group.
Entrepreneur. In some cases, the manager will do the things that the owner does, such as think of other means for coming up with a new idea, a new business.
Disturbance Handler. In cases where there are communication problems in the company, the manager will act a as a bouncer, as a buffer. When problem arises in a company, the burden comes to the manager.
Resource Allocator. As a manager, you should be able to get all the best resources for your team. This includes the materials for merchandise, as well as, the goods that your team consumes to generate the job.
What Does a Business Manager Do?
A business manager’s job is to see to it that everything in the company is at its correct pace, and that everything is working according to plans. The manager will make sure that he has hired the correct employees for the specific job, and that once they are hired, they will be given proper training, and that these employees, old or new, will be properly evaluated.
Not only will he see to it how employees are doing, but how the performance of the company as well in terms of financial management. Is the company doing great in sales, or is there a gain or is there a loss?
In other words, business manager will oversee everything that a company is expected to be doing as indicated in the vision and mission statement of the company’s program. And from all these, he will directly report to the company owner/s.
That is basically how we look at a business manager. But depending on the environment that the business manager is in, it could be in the construction field, it could be in the financial field, it could be in the field of IT or computer.
In the construction field, the business manager may do some projects, manning a team in erecting a building, managing budgets, check proposals.
And if you are in a financial sector, you may be busy doing records, how the company is gaining, or losing profit. You probably be checking when is the best time to purchase, or when is the best time to invest.
If you are in the IT industry, you may be dealing with people from around the globe, always keeping in contact with them in terms of handling customers.
In the arts industry, a business manager may be handling talent such that he will tap artist to other agencies.
Business Manager Contract
So for a manager to enter into a contract, it is clear that he enters a contract to lead a group of individuals. It is expected that part of his job is to increase the sales in the company.
A contract document, whether for business manager or not, is very important in any business. A contract is like a scope and limiter in a book or a thesis. Without a contract, both parties, the employee and the employer will have a vague idea as to what they are expected to do. Without a contract, it would be difficult for them to see their respective limits. And to sum it up, the business manager is suppose to do the following: