Difference between revisions of "Advances on payroll to staff members"

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[[Category: Policy]]
 
[[Category: Policy]]
 
[[Category: C7]]
 
[[Category: C7]]
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[[Category:Accounting]]

Revision as of 17:27, 7 September 2005

This is a policy in progress. It will be discussed at a staff meeting, possibly ammended, and then recommended to the Community Council for approval. Thoughts anyone?

There is no guarantee that Free Geek will be able to give an advance to a staff member, however we recognize that there will occasionally be a need for an advance.

  • Advances should be cleared through the C7 committee.
  • An advance should not exceed half the amount the worker normally receives in a paycheck.
  • An advance must be paid back when the worker receives their next paycheck.
  • Advances should not be routinely given out over several consecutive months.
  • In no circumstances will an advance be given out if a C7 committee believes there will not be enough funds to cover the advance and the normal cash flow needs of Free Geek.