| Learning
Program
Professionals
Studies Sponsorship
Taylor
Smith has set up a development program to assist employees
who wish to study further for professional qualifications
in accountancy ( ACCA ). The employee qualifies for the
program if his/her studies are relevant to his/her position
in the organization.
Eligibility
For employees of the Taylor Smith Group (Mauritius) working
in a finance-related job.
Objective
To provide financial assistance and guidelines with respect
to supporting employees who wish to pursue or continue their
ACCA professional qualifications.
Process
- The
employee must be undertaking studies that are relevant
to their current job in the organisation.
-
All applications for professional studies must be processed
through the HR department
-
The Group Finance Director and HR Director must approve
all applications.
-
The company reserves the right to change this policy
at any time.
Policy
The Company will pay the total cost of an ACCA course on
receipt of a valid invoice or other written proof of cost
to the course provider.
Payment for courses
The employee will be asked to pay 25% of the cost of the
course, which can be paid either at the beginning of the
course or have the money deducted from their salary on a
monthly basis and over a period not exceeding 12 months.
If the employee succeeds on the first attempt, and upon
completion of the course, the company will reimburse the
25% paid by the employee. Proof of successful completion
is to be sent to the HR department, which will then trigger
the reimbursement.
In the event that the employee does not succeed at the first
attempt they will bear the cost of the re- sit themselves.
If the employee decides not to pursue their studies before
completing their year, they will repay the full monies paid
by the company.
Annual subscription fees
The company will pay the full subscription fees.
Examination Fees
The company will cover the cost of examination fees for
the first sitting only, the cost of re-sits must be borne
by the employee.
Exam Leave
The employee will be granted a special leave on the days
of the examination.
Books
The company will cover up to Rs1,600.- per subject to cover
the cost of books, upon presentation of receipts.
Bonding Agreement
The Scheme is subject to a bonding agreement being signed
by the employee.
If an employee leaves the company or decides to stop their
courses for any reason, they will be liable to repay all
tuition, course and examination fees paid on their behalf.
Exceptions will apply when leaving due to redundancy or
medical reasons.
|
