HR Issues >> Tools and Policies >> Company Issued Property
Company Issued Property
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Posted 2 months ago What are some policies on company issued property (laptops, cell phone, etc), how do you handle financial responsibility for lost, stolen or damaged items? |
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| Posted 2 months ago I usually have my employees sign an acknowledgement (contract) upon receipt and outline the financial responsibilities in the contract. It can be payroll deducted, however, depending on the amount it may have to be broken down in several pay periods. If it's the final check and they have outstanding dues, have your accounting department send them to collections. |
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| Posted 2 months ago Vannati hit the important part. You need to have a signed agreement with the employee before you can withhold any money from their paycheck. |
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| Posted 2 months ago Properties issued to the employee when damaged ,stolen or unserviceable first we determine the responsibilty through appropriate authority( enquiry commmittee) . If it is proved that it is the personal negligence then as per recommendation we determine book value and after that decide in how many installments the value can be realised . In no circumstance one can deduct more than 10 % of the basic salary . If the committee determine that the situation under which the property is damaged ,stolen or became unserviceable is beyond individual control ,then they recommend for writting off to the competent financial authority . |