The importance of an employment contractA well drafted employment contract can reduce uncertainty when the employment relationship is terminatedBy Sundeep Gokhale07/06/2011|Canadian Payroll Reporter|Last Updated: 07/06/2011 The date of an employee’s dismissal may end the employment relationship. However, it rarely marks the end of a payroll professional’s obligations. Virtually every employee — even one dismissed with cause — is entitled to some sort of payment post termination. A well drafted and enforceable employment contract can reduce uncertainty and save an employer untold dollars. Word of note: The specifics of each obligation will vary depending upon the jurisdiction in which the employer operates. As such, it is important an employer operating in more than one jurisdiction know and meet the statutory obligations in each.Obligations upon termination of employmentFollowing termination, a payroll professional always has the following obligations to a dismissed employee, even where cause is alleged: To Read the Full Story, Subscribe or Sign In Remember Me Forgot Password If you are a current Subscriber, please click here to set-up or update your login information.