What is your policy for when an employee who received an advanced degree which the company has paid for, leaves? Do you have a claw back policy?
Sort By:
Oldest
Director of HR5 months ago
We do have a policy in place which claws back money paid for high levels of investment. This reduces over an 18 month period and so a large percentage is claimed back after 6 months of service and a nominal percentage at the 18 month markVP of HR in Banking5 months ago
We also have a repayment policy if you leave before 24 months following your reimbursement. Director of HR in Energy and Utilities5 months ago
When we agree to pay for education over a certain amount there is a payback agreement in place. It outlines that we may recall a prorated amount if they voluntarily leave our organization within 2 years. VP of HR in Services (non-Government)5 months ago
our organization will pay for certifications related to the employee's role/position, with a 2-year clawback. The amount due decreases incrementally each quarter until the 2-year clawback is up. VP of HR5 months ago
In my past lives, we had a two-year claw back that was prorated depending on when they left. Less than a year was 100% repayment, between 1 - < 2 was prorated by month.VP of HR5 months ago
Between 1 year and less than two, it was prorated by month.