Limit the cash advances of your employees

Starmix · Feb 27, 2024

I notice that many employees like to request for a cash advance which will be crucial on the part of the business. Make speculations like absences, punctuality, absences without pay and the worse if the employee resigns illegally.

It happened here in my workplace, many requested for a cash advance and even applied for a loan in the cooperative only to learn late the worker left.

He was hired to work in Australia leaving his unpaid account more or less $ 1, 500. His family was sued.

nomad · Feb 27, 2024

Before giving advance payment to my workers, I will see if the worker is delligent or not, if the worker is valuable asset in my company or not. If he passes these tests, then only I give advance payment

Starmix · Feb 28, 2024

That is right, it is better to undergo a background check if that employee is a good or bad creditor or good at his work. Fomeost to check his pay slip if there is a substantial amount to pay his cash advance in a monthly payment.

Springtime · Mar 21, 2024

Not many companies here offer cash advance to employees. Big corporations usually have very strict rules on this. For small companies. some business owners may offer cash advance to employees whom they trust.

Starmix · Mar 21, 2024

Only full-time regular employees could be granted a cash advance in case of emergency but for casual workers, they are not allowed. They have to wait for the schedule of their salary.

flower · Mar 22, 2024

I do not see anything wrong in giving cash advance to the employees but whenever you want to give the cash advance, it has to have cogent reasons for doing it.

eldavis · Mar 22, 2024

One policy I tend to always follow is to always make sure i do not start something I cannot finish. Most times it's best not to start it, cause most employees might take it for granted. If at all I would even consider giving advance it would be someone that is extremely serious.

Starmix · Mar 23, 2024

It depends on the business owner if allow a cash advance so far, it's happening here in my place cash advances granted by private establishments. I don't have any idea if big companies allow cash advances.

Ratine · Mar 24, 2024

For me the cash advdnces is very important on the business. For instance most businesses would incorporate that into a special docket called the petty cash. It serves a very great importance pn the welfare for the workers.

Starmix · Mar 24, 2024

Ratine said:
For me the cash advdnces is very important on the business. For instance most businesses would incorporate that into a special docket called the petty cash. It serves a very great importance pn the welfare for the workers.

That is right, there are workers needing money very urgently and they have no other choice if the salary release is too far. They resort to applying for a cash advance.

Limit the cash advances of your employees

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