Dinesh Divekar
Business Mentor, Consultant And Trainer
Kudekar
Hr Executive
+1 Other

Thread Started by #kudekar

I'm working in supply chain company...My query is that if any employee purchase any product from company's warehouse then how to recover the cost of that product from employee. It should be deducted from their salary? Because most of the time emp purchase product from wh and they do not pay all the amount to company and left the job...Is there any policy required for such issue?
4th April 2018 From India, Mumbai
If employee can buy and leave the company w/o payment, there is something wrong with your sale policy and inventory policy.
This loophole needs to be plugged immediately.
Lay down a policy for employee purchases- rate, number of items etc.
Have a policy of prepaid purchases only.
Pre paid purchase policy is the best.
5th April 2018 From India, Pune
Hi,
I worked in a reputed company and the Employee Purchase Program there was well designed which shows maximum number of products or value that employee can purchase in an year.
Further, the employees should purchase the product at original cost and can claim the discount by submitting the original bills say once in an year.
You can follow this approach and please mention the maximum product units that employees can purchase and you can do the discount reimbursement on quarterly or half-yearly basis also.
Further, in your current setup if employee leaves any outstanding amount needs to be paid by the employee or deducted from final F&F.
Please fix this with immediate effect.
Regards
Thiyagu
5th April 2018 From India, Bengaluru
Dear Kudekar,
The problems of this kind arise because it appears that you do not have policy on purchase of the company material by the employees.
Companies do sell various types of materials to the employees. It could be second hand sale or sale of obsolete items or sale of the products that they sell to the customers. In any case, the following scenarios emerge:
a) Employee purchases an item. The person who issues that item, makes a cash memo and gives it to the employee. Later employees goes to the accounts section and makes the immediate payment, then matter closes there. On receipt of the payment, Accounts Department makes the Gate Pass mentioning that payment has been made.
b) Employee purchases an item. The person who issues that item, makes a cash memo and gives it to the employee. Later employees goes to the accounts section and tells that he/she wishes the amount to be deducted through his/her salary. In such case, Accounts Departments prepares Debit Note in three copies. Original goes to the HR Department so that they can deduct the amount from the monthly salary, second copy is attached to the Gate Pass and the third copy is retained at their office.
If you follow the above procedure, there is no question of recovery of the amount. To avoid future hassles, many companies sell the items only with on-spot payment i.e. employee is forced to follow option (a) above.
Hope this settles your query.
Thanks,
Dinesh Divekar
5th April 2018 From India, Bangalore
You need to place a system or policy for the purchase of product by your employees. You need to obtain written concurrence from the employee for deduction of the cost from salary for his purchase. It needs to fix-up the credit limit to each category of employee considering to meet the eventuality incase of employee leaves the company.
You can facilitate discount on cash purchase on product would be a best option to follow. Decide a system accordinglt that suits to your establishment and your easiness.
6th April 2018 From India, Mumbai
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