Training Program Agreement

Before sending their team for training, many companies ask their employees to sign a training contract that makes them the responsibility to repay any investment in their training if they leave before a certain period. If the cost of the course is relatively low, the training contract could come from the employee`s last salary. If it`s more expensive, employers could establish a more structured payment plan. Not only will your company not benefit in the short term from the training it has paid for, but it would end up paying again for the same training if it started a replacement again. Consider the stuck costs inherent in any recruitment process, and you can see how that could put a small business in a really tough position. Here too, it is important above all to find this balance in order to obtain the correct formulation of the training contract.