Tag - Employee loan

Company Policy that Restricts the Amount of Employee Loans to Not More than 50% of Monthly Take Home is an Interference in Disposal of Workers Wages

One of the benefits that the company gives its employees is the employee loans. However, it does not take long for employees who lack discipline to be saddled with debt. HR may look helpless in this situation since it is torn between disapproving the application and seeing the employee without the cash needed to probably buy basic necessities and granting the loan where an employee can fall deeper and deeper in the endless cycle of debt and consumption. Hence, companies cannot [...]

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