recently experienced that some of the employees of one company (manufacturing unit) is giving loans on very higher interest rates to other employees (most of them are workers).
Even the workers who have taken loans have paid the interest more than principal amount and still principal amount is standing due to pay.
This is leading to many issues unnecessary overtime, excessive overtime, poor work culture etc.
Can anyone please advise how can we stop this practice?
Vikrant 17th October 2018 From India, Faridabad