Advance Salary Disbursement Policy
Purpose:
This policy outlines the guidelines for employees to request an advance on their salary for the upcoming month's payroll.
Eligibility:
o Permanent employees who have been with the company for at least 6 months are eligible.
o Employees currently serving a notice period are not eligible for an advance salary request.
Request Conditions:
o Employees may apply for an advance salary for the upcoming month's payroll only.
o The maximum advance amount will be equivalent to the employee’s net salary for the upcoming month.
o Employees can request the advance salary twice a year
Application Process:
Eligible employees are invited to submit a written request for an advance salary to the HR department via email cc’d to the Lead/Supervisor
o Employees can not send request after 20th of the month
o The request should include the reason for the advance and the intended date of receipt.
Approval and Disbursement Process:
o The HR department will be responsible for reviewing and approving advance salary requests.
o
Once approved, the Accounts department will
manage the disbursement of the payment.
Restrictions:
o Employees serving a notice period are not eligible to request an advance salary.
o Employees are kindly asked to ensure they adhere to the policy guidelines to maintain eligibility for future advances.