However, it is important for employers that it can also be used to indicate when a worker might be responsible for reimbursement of these training costs and how that reimbursement would work. In particular, it can determine whether these costs are reimbursed when an employee leaves the company shortly after the end of the training. If a training agreement has the practical effect of “capturing” an employee in his or her current role, it may well be considered unenforceable. We have established a training agreement for the ICAEW pro forma. It offers the flexibility to insert your policy on evaluation tests, resaction costs and study leave. Before sending their team for training, many companies ask their employees to sign a training contract that is designed to reimburse investments in their training if they leave before a certain period of time. In most countries, labour law requires your organization to provide an employment contract to your employees. It is a different document and distinct from the ACA`s training agreement. For advice on establishing an employment contract, please contact your staff professional or labour lawyer. You can also access general information for the UK on the CASA website. You must agree on an approved training that allows your students to follow the required 450 days of practical experience: it is important that you encourage and follow the development of your students throughout the training agreement, not only to ensure that your students receive the training necessary to qualify as an auditor, but to encourage your student to stay in your organization as soon as they are qualified. This is where a training reimbursement contract is concluded – it`s a way for companies to make sure they don`t lose financially if they pay for the development of their employees.
The Caldecott Foundation invests considerable resources in training to achieve the following objectives:- The goal of training agreements is to protect companies from dementers when they invest in their team. It is not intentional to be a tactic to distract people from the intention to stop. That is why the amount of money that the training agreement wants to recover must be a reasonable estimate of the money the company has lost. The training agreement is an important part of the ACA`s training, as it ensures that all ACA students achieve the highest quality and the highest level of training possible. The Caldecott Foundation is committed to the development and training of all employees.