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Our IT company is considering implementing a training payback policy - so that if an employee voluntarily leaves the company within 1 yr of receiving $700 or more training that is paid for by the comp
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Forums » Topic Forums » Recruiting & Staffing » Training
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Training
posted at 7/23/1999 12:01 AM EDT
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Posts: 1
First: 7/23/1999 Last: 7/23/1999 |
Our IT company is considering implementing a training payback policy - so that if an employee voluntarily leaves the company within 1 yr of receiving $700 or more training that is paid for by the company, s/he would need to pay back the cost of the training. We are trying to benchmark this type of policy - is it common to the IT industry and if so, are the terms similar? |
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Training
posted at 7/25/1999 10:38 PM EDT
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Posts: 4
First: 7/16/1999 Last: 7/27/1999 |
When I worked at Software Spectrum, we sent our new tech support employees through Microsoft training, after which they were prepared to pass the MCSE. The training was valued at almost $5000, and each employee undergoing the training signed a promissory agreement, agreeing to pay off a prorated amount of the training if their employment was terminated for any reason before one year. |
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Training
posted at 7/26/1999 8:57 PM EDT
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Posts: 90
First: 6/23/1999 Last: 9/26/2001 |
I did this but not in the IT industry. It did help a bit but also got a little sticky in some situations. We wound up pro-rating it out in some cases where they were close to the 1 year mark. For example 10 or 11 months and had an excellent record during that timeframe. |
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