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Furnishing allowance
Can someone help me here?
What does it mean by this statement that comes under furniture allowance?
"Should the employee depart the office within the first 4 years of emplyment, any decrepitated balance will be recovered"
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Piet said
It means that the allowance ...It means that the allowance you have reaceived will be depreciated (getting less) over the period of your contract. If you have a 4 year contract and decide to resign after two years, then you will have to pay back 50% of the initial amount.
dweller said
One point to clarify ...It isn't an allowance, it's a "furniture grant"
anahmed said
yes, and my company's policy ...yes, and my company's policy says: If they (Co.) decides to throw you out within this duration .. you will be waived of the amount... ^_* but if you decide to quit then you have to pay the amount according to the duration.. as PIET said...
Never Ask for a SMILE..just GIVE it..