Personal Finances of Employees
Most employers have legitimate business-related reasons for addressing their
employees’ personal finances, such as the extra expense incurred administering
court-mandated collection procedures and the negative impact financial worries
can have on job performance. Additionally, an employee with financial problems
may pose a security risk if placed in a job that involves access to sensitive
information or handling money or company accounts.
This policy discusses employer loans, bankruptcy, garnishments and deductions
· Personal Finances
· Disclosure of Employee Finances
· Indebtedness to the Employer
· Credit Checks of Current Employees
· Authorization to Accept Legal Notices
· Deductions from Pay for Indebtedness
· Credit Checks
· Discrimination Impact of Credit Checks
· Restrictions on Garnishment
· Termination Because of Garnishment
100% Ironclad Satisfaction Guarantee: If you are not totally satisfied,
we ‘ll give you a full and prompt refund. And that’s not all. You can keep
both the HR Policy and the free Bonus Posters and
HR Forms. You risk
- SPECIAL BONUS 1: Free Labor Law
- SPECIAL BONUS 2: Free HR Forms
A note regarding copyright:
Our policies are intended to help organizations create their own personnel
policies or handbooks for distribution internally. Accordingly, you may use the
Model Policies verbatim or modify them to suit the culture of your organization.
Since the policy is copyrighted, we are making a special exception for this
particular use. However, the policies may not be used to create or update
policies for any organization other than the one buying the policy. In other
words, you can’t create policies or handbooks to offer to other organizations,
either for profit or free of charge. This would be considered a direct violation
of our copyright.
For phone orders, call Personnel Policy Service toll-free at 800-437-3735.
Personnel Policy Service, Inc.
159 St. Matthews Avenue, Suite 5
Louisville, KY 40207