Latest model policies and documents: Employee loans
New model policies on loans to employees include: a loans policy; a loans contract clause; and a form for an employee to apply for a loan.
- Loans policy Use this model policy to set out the circumstances in which loans will be made to employees, the procedure for making loans, and the conditions applying to loans.
- Loans contract clause Use this model contract clause to allow you to make deductions from an employee's pay for repayment of a loan.
- Form for an employee to apply for a loan Use this model form to allow employees to apply for a loan from the organisation.
Also
Letter setting out an agreement for repayment of a loan Use this model letter to obtain agreement from the employee to recover company loans from pay.
XpertHR's topic of the week series on helping employees in financial difficulties provides an overview of the ways in which employers can give assistance. It also answers FAQs and explores a case study on how an employer addresses a situation where an employee's work performance is affected by her financial difficulties, and how it assists her with those financial difficulties.
Benefits and allowances survey 2011: no decline in popularity Despite cost pressures, our research suggests that it has been a relatively healthy year for employee benefits provision. This article summarises the main findings of the 2011 XpertHR benefits and allowances survey and takes a look at flexible, voluntary and salary-sacrifice benefits.
