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Recovery of training costs policy template

Name: Recovery of training costs policy template
Brand: hrdocbox.co.uk
Price: 20 GBP
Availability: InStock

£ 20

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Why this policy is necessary
The template
Specifications

This policy outlines the recovery of training costs for when employee leaves employment while undertaking sponsored training, or for a specified period of time after its completion.

This policy has three parts: an 'overview' that explains what it's about, 'scope' which details who it applies to, and 'general principles' that list the main rules it follows.

Why this policy is necessary

This Recovery of training costs policy template aims to offer you a versatile and customisable tool, serving as a solid foundation for your needs. Utilise it to ensure consistency, enhance accuracy, and save valuable time.

Adapt it to suit your unique requirements, ensuring efficiency and effectiveness in your HR processes.

Specifications

Time to read / prep / use
5 mins

Word count / length
252 words, 2 pages A4

Date last reviewed
1 November 2024

Recovery of training costs

Overview

This policy sets out rules on how training costs may be recovered if an employee leaves employment while undertaking sponsored training, or for a specified period of time after completion.

Scope

This policy is applicable to all employees of [company name].

General principles

In the event that you leave employment for any reason [other than redundancy or long-term ill health] prior to the completion of the sponsored training, you agree to repay in full any contribution made by the organisation towards the costs of it [including monies paid under the cost of training clause for [books and materials] ].

If you leave the organisation within [12 | 24] months of completing the sponsored training for any reason [other than redundancy or long-term ill health], you will reimburse the organisation at the rate of 1/[12 | 24]th per complete month remaining of the [12 | 24]-month period after completion of the sponsored training, of any contribution made by the organisation towards the costs of the sponsored training [including monies paid under the cost of training clause for [books and materials] ].

The organisation reserves the right to deduct the relevant amount due to it under this clause from any sums due to you from the organisation, including (but not limited to) your [salary/outstanding expenses/outstanding commission/bonus/holiday pay]. If there is still an outstanding amount after making such deductions, you will be required to repay the outstanding balance to the organisation within [one month] of the date of termination of employment.

Protected content: Make a Purchase to unlock.

This policy [does not] form[s] part of your terms and conditions of employment.

Version: [1.0]

Issue date: [date]

Author: [name, job title]

Why choose our Recovery of training costs policy template?

Our content:

Is easy to edit and execute, with comprehensive implementation guidance.

Is designed by accredited, experienced HR practitioners.

Maintains your compliance with ACAS guidelines, legislation, and industry best practices.

Includes 12 months access to your purchase, with email alerts if updated or expanded.

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