Employee Cash Advance Policy

Kindly refer on this but personalize it based on your company’s standing and employee mortality.

CASH ADVANCE POLICY

• Employees with at least three (3) months tenure and has a Probationary Contract with the company are allowed to avail with the CASH ADVANCE POLICY. Training Period is not counted.

• Trainees , Contractual and Project-based employees are not eligible of this policy.

• CASH ADVANCE REQUEST can only be made if:
  • Cash needed is not available at the time of the need
  • Cash needed is for emergency matters
    • Hospital/Medical Assistance
    • Educational Assistance
    • Debt/Loan Assistance
    • Any emergency reason with detrimental effect to the requesting employee

• The Employment status shall affect the amount allowable for cash advance.
  • Probationary Employees are allowed to have a maximum of

PhP 6,000.00.

• Regular Employees are allowed to have a maximum of

PhP 10,000.00.

• The eligible requesting employee/s should email the Site Director for approval 2-3 days prior.

• 2-3 days after receipt of cash advance, the eligible requesting employee should furnish a Cash Advance Liquidation Form  to the Accounting and Admin Executive.

 Click Here To Download Cash Advance policy

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