Hi,
This is Amanpreet Bedi. Every company follows different kinds of policies depending on the type of business they are in. I am working in a chemical manufacturing company, and we have come up with the following policy for LAPTOPs:
1) We have different cadres of employees: E1, E2, CL1, CL2, CL3, CL4.
- E1 includes Assistant/Typist.
- E2 includes Secretaries.
- CL1 includes Executives, Sr. Executives, Officer, Sr. Officer.
- CL2 includes RM's, Asst Manager, Manager.
- CL3 includes Sr. Manager, DGM, GM.
- CL4 includes VP/Chief Executive.
2) Depending on the above cadres, we have decided on various policies:
3) We provide Laptop facilities to CL1 cadre onwards.
4) We have set a finance limit of 35000.
5) If the cost is 35000, the company will pay the entire amount to the vendor.
6) Now, out of this 35000, the employee has to return 50% to the company.
7) So the contribution will be 50-50.
8) 50% of 35000, i.e., 17500.
9) Employee's contribution is 17500.
10) Employer's contribution is 17500.
11) Out of this employee’s contribution, 50% of 17500, i.e., 8750, will be paid as a down payment by the employee to the company.
12) The remaining 50%, i.e., 8750, can be divided into 12 equal installments that can be deducted from the employee's salary.
13) So it's a 50-50 contribution.
14) The main thing is that the laptop will belong to the company for a period of 3 years.
15) If the employee leaves the company before the completion of three years, then either he/she has to pay the difference amount or submit the laptop to the company.
16) This is also a good scheme to maintain the attrition rate.
17) If the laptop costs more than 35000, then the additional amount will be paid by the employee.
Hope you find it useful. If you have any doubts, email me at amanpreet_bedi@yahoo.com.
Regards,
Amanpreet Bedi