Employee Training Bond Agreement Sample Nz

With respect to training obligations, Mr. S had another argument. One of them was that they asked him to reimburse, not the actual and reasonable cost of the training. In other words, he questioned the fact that the employer had actually spent so much on the training he had taken, and then argued that the employer should not be unjustifiably enriched, i.e. the employer should not reimburse Mr. S.`s money that the employer had not spent (the authority rejected this argument). Unfortunately, the answer is not always as linear as we would like. Companies can of course get an employee to sign a loan agreement, and feel quite protected, but the test is really whether that agreement will be applicable when it is reviewed by the courts, and it is always a case-by-case decision. When the employee is simply trained for the job, this is often seen only as a benefit to the company and not to the employee. In this case, it could be considered unfair and therefore illegal to bind them. However, if the worker obtains a formal qualification or an equivalent qualification recognized by the sector through training which is clearly an advantage for himself, the company has a valid case to hire him, to take advantage of the costs and investments he has suffered. The amount of the loan was 5600 $US and lasted 11 months.

The other loan was for a specific training course, the repayment period was 13 months and the amount of the training loan was $6,500. Each loan contained a closing clause providing that Mr. S. would repay part of the training loan under a repayment plan set if Mr. S.`s employment was terminated for a reason other than dismissal. As with any agreement, both parties must agree on the terms of the loan. This will be different depending on a number of variables, with the course or training in question. The cost of training, direct and indirect, The duration of the training, the necessary break time, are weighed against a reasonable time for the in exchange for the employee to the company.

In the first 30 days, new workers must be employed under conventional conditions where there is a collective agreement. An employee and an employer may agree on additional conditions that are more favourable than those provided in the collective agreement. Every worker must have a written employment contract. A well-written employment contract helps the worker and employer know what is expected of them and what they are entitled to. This means that misunderstandings are less likely to arise, and if a problem arises, then workers and employers can go to the employment contract to clarify things. Can the employer, if it pays for the training of a worker, recover that investment by forcing the worker to remain in the organization for a certain period of time? The short answer is “yes.” However, it will be important to ensure that the corresponding terms are carefully developed. CTC stated that after leaving the employment relationship, Mr. S. owed $5735 in training and relocation obligations. The former employer asked the Authority for the full payment of the outstanding loan by Mr. S. Employers are required to keep a copy of the employment contract (or current signed terms of employment).

The employer must respect a “considered agreement” even if the employee has not signed it. Staff members are entitled, upon request, to a copy of their contract. Contract items that were taken and exported on August 25, 2016. Employment contracts must contain certain clauses. Additional clauses should be adopted to meet the needs of the organization and the worker. First, was the relocation agreement in force and was Mr. S. bound to it? When Mr. S. signed his agreement on the employer`s offer of employment, he agreed that, if he did not complete the two years of employment, he would be required to reimburse on a pro-rata basis the relocation costs incurred by the employer.

This entry was posted in Uncategorized by admin. Bookmark the permalink.