I have been working as HR Executive in a Warehousing company, where many of the employees ask for salary Advance, so we would like to draft a salary advance policy for our company..Need some suggestions to frame the salary advance policy.
1. It creates a "advance culture" in the org. Say, 1 employee takes advance, others also follow, with or without any cause.
2. HR/personnel deptt gets bogged down by paper processing task & it may lead to corrupt practices as well, like HR guy taking a cut to clear advance request, etc.
3. Recovery of advance, in case of sudden abondonment, can cause loss to org.
Yes, we do consider extreme cases of medical emergencies & clear it on merits of case. Such cases may not be more than a 5 in a year.
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