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Thread: Employee Indebtedness Policy

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    Employee Indebtedness Policy

    Hi All

    Can anyone assist I am looking for a policy or policy guideline for employee indebtedness, relating to any form of indebtedness eg maternity and training.

    Thank you

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    Site Caretaker Dave A's Avatar
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    Would these be for financial debts owed to the employer?

    I'm also scratching my head about maternity "indebtedness."
    The trouble with opportunity is it normally comes dressed up as work.

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    Platinum Member sterne.law@gmail.com's Avatar
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    I presume by maternity indebtness -
    the company pays salary or contributes whislt on maternity, but want to be able to recover if employee does not return. It is then treated as a loan over a period of time
    Anthony Sterne

    www.acumenholdings.co.za
    DISCLAIMER The above is merely a comment in discussion form and an open public arena. It does not constitute a legal opinion or professional advice in any manner or form.

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    Hi

    Yes it is financial debt owed to employer, such as self development/maternity/relocation.

    However if I can build a generic policy with links to each of the above areas that would be great.

    What are you struggling with re maternity indebtedness ( does the company pay certain deductions for the employee whilst they are on mat?)

    Regards
    Bernadette

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    Site Caretaker Dave A's Avatar
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    Quote Originally Posted by hm2hu View Post
    What are you struggling with re maternity indebtedness
    Just the concept of what you were referring to - but solved now, I think.
    The trouble with opportunity is it normally comes dressed up as work.

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    Platinum Member sterne.law@gmail.com's Avatar
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    You could have it in employment contracts, that a loan of 50% of salary will be given over a period of maternity leave with maximum of 3 months. Then a clause that the company may deduct any money owed from fianl pay. This gives you ability to take off leave pay.
    Of course you might want to limit the loan amount to the equivalent of elave pay due, or work on basis you win some and lose some.
    The next issue would be men? Some one is bound to say, what about me? This may be where the link to social development or perhaps study might come in.
    Not a particuallry complicated policy really, probably more maths than anything.
    Anthony Sterne

    www.acumenholdings.co.za
    DISCLAIMER The above is merely a comment in discussion form and an open public arena. It does not constitute a legal opinion or professional advice in any manner or form.

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