Training Costs Recovery Agreement

Description

As an employer you may be keen to provide skills and training for your employees, but the costs of this training can be expensive and therefore understandably you will want to receive some payback or benefit from the training.

Normally this payback or benefit from your investment comes from the skills that the employee brings to your business over a period of time, however what happens when an employee leaves their employment with you shortly after they have completed the training?

If they are going to work for a competitor, they will be taking the skills they have learned on the training you have paid for, to their new employer. Even if they are not going to work for a competitor their new employer will get the benefit of the training that you have paid for.

It is for this reason that we would encourage you to put in place a Training Costs Agreement with the employee before you pay for the training.

You can include similar or the same terms as set out on the Training Costs Agreement in the employment contract, and this is advisable to do, however if you are paying for a particular course or something that carries a higher than normal cost, then it is advisable to issue a Training Costs Agreement to the employee before you pay for the course as well.

The reason for doing so is that it makes the employee very clear about their potential liability and the cost of that liability if they go on with the training and then leave within a short period of time thereafter.

This template Training Costs Agreement covers the key points needed to ensure that you have a legally binding agreement in place and that both you and the employee understand when the employee may be liable to repay you for some or all of the training costs.

It is a simple to use two page document which comes with guidance notes to make it easy for you to personalise and use, and potentially save you thousands of pounds in training costs.

Once downloaded the Template Training Costs Agreement can be saved and used as many times as you wish.

If you would like help with training costs or recovery from your employees we can assist you with this and normally for an agreed fixed fee. Please contact us for a free no obligation chat and quote on 01983 897003. Alternatively, if you prefer to email you can email alison@realemploymentlawadvice.co.uk

This document has been produced for the purpose of information only. It should not be substituted for obtaining legal advice that is specific to the circumstances. The content is also valid as at the 24th February 2024. Employment law changes regularly and therefore you should ensure that you check the up-to-date position on a regular basis.

© Copyright 2024. Real Employment Law Advice.