GoFundMe overnight sensation and former Australian Rugby player, Israel Folau, is teaching employers everywhere the importance of a bloody good employment contract.
It all started when the Australian Wallabies player took to Instagram to post an appalling meme about ‘homosexuals going to hell’, however, unbeknown to Izzy, this was breach of his contract, and he was sacked by Rugby Australia.
In response, the wealthy young star started a GoFundMe campaign to raise money for legal costs to fight his contract termination. Embarrassingly though, and much to my pleasure, it appears he also did not read the fine print provided on the GoFundMe website, with his campaign breaching terms and resulting in a refund of all the money raised. Well, what about that for divine intervention!
So why is this a good lesson for your business?
Your business is your livelihood, and it needs to be protected from the Izzy’s of the world. Too many small business owners expose their businesses to risk and ruin because they do not have the most essential protections in place. From staff stealing your clients, sexual harassment and good old fashion Folau style bigotry, the employment contract is your most important risk mitigator.
We get it, it’s hard enough running a company without focusing on governance and time-consuming HR activities that aren’t always easy to navigate, but contracts are a necessity! They set boundaries and expectations for each and every person inside your business.
So, if you want to avoid an Izzy style event ruining your reputation or offending the human race, get your contracts up to date or find someone like us who can.