Hello, I am working as HR in pharma company, I require format of legal agreement letter draft regarding, paying advance salary to employee and employee should repay the amount within 6 months in equal installments from their salary and before repaying employee can not leave the job.
From India, Pune
From India, Pune
You need not make it a purely legal agreement, add one line in the salary advance application form itself stating that "I hereby agree to repay the amount of salary advance of Rs ....../- (Rupees -------) and authorise the company to deduct the same from my salary in six equated monthly instalments starting from the salary payable for the next month." It is not right to state that the employee cannot leave the job in the meanwhile, however you can add a clause that "In the event of my leaving the services of the company before the recovery of advance is completed, I authorise the company to deduct the remaining amount alongwith --% interest on the salary advance amount from my full and final settlement amount."
From India, Mumbai
1530From India, Mumbai
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SECURITY Agreement-Draft .doc
Draft wage agreement.pdf