Difference between revisions of "Advances on payroll to staff members"
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* Advances should be cleared through the C7 committee. | * 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 should not exceed half the amount the worker normally receives in a paycheck. | ||
| − | |||
* Advances should not be routinely given out over several consecutive months. | * Advances should not be routinely given out over several consecutive months. | ||
| − | * In no circumstances will an advance be given out if | + | * In no circumstances will an advance be given out if the C7 committee believes there will not be enough funds to cover the advance and the normal cash flow needs of Free Geek. |
| − | + | * If the total amount owed exceeds forty percent of the worker's normal paycheck (before taxes) or if there has been no payment in a three month period, then C7 will arrange for automatic deductions that would pay off the debt within a year's time. | |
[[Category: Policy]] | [[Category: Policy]] | ||
[[Category: C7]] | [[Category: C7]] | ||
[[Category:Accounting]] | [[Category:Accounting]] | ||
Revision as of 10:40, 23 August 2006
This is a page concerning a policy or procedure in development.
Once fleshed out, we'll consider it for adoption as official policy at Free Geek.
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.
- Advances should not be routinely given out over several consecutive months.
- In no circumstances will an advance be given out if the C7 committee believes there will not be enough funds to cover the advance and the normal cash flow needs of Free Geek.
- If the total amount owed exceeds forty percent of the worker's normal paycheck (before taxes) or if there has been no payment in a three month period, then C7 will arrange for automatic deductions that would pay off the debt within a year's time.