Employee Training and Development Policy

The purpose of this policy is to encourage and support the continuous learning and professional development of our employees. By providing financial assistance and resources for training, certifications, and conferences, we aim to enhance the skills and knowledge of our team members, contributing to their career growth and the overall success of our company.

Policy

Eligibility:

All full-time employees are eligible to participate in the Employee Training and Development Program. Part-time employees may be eligible on a prorated basis.

Budget Allocation:

Each employee is entitled to an annual budget of $1000 for training and development activities. This budget includes expenses related to courses, certifications, and conference attendance. Exceptions can be granted upon management approval if the course exceeds this policy limit.

The allocated budget of $1000 per employee per year cannot be used for pursuing continuing education in academic programs leading to degrees.

Approval Process:

Managerial Approval:

• Employees are required to seek approval from their respective managers before enrolling in any training, certification, or conference.

• The employee must provide details on the proposed training, including the nature of the course, certification, or conference, its relevance to their role, and the expected benefits to the employee and the company.

Manager's Discretion:

• Managerial approval will be granted based on the relevance of the proposed training to the employee's current role and the overall benefit to the company.

• Managers are encouraged to consider the alignment of the proposed training with the employee's professional development goals and the strategic objectives of the company.

• Managers are expected to communicate approval or denial promptly. In the event of a denial, managers should provide clear reasons for the decision and may suggest alternative training opportunities if applicable.

Commitment:

Employees receiving financial support for training are expected to demonstrate a commitment to applying the acquired knowledge and skills in their roles. This commitment contributes to the mutual benefit of both the employee and the company.

Reporting and Evaluation:

Employees are encouraged to share insights and knowledge gained from training sessions with their teams. The effectiveness of the Employee Training and Development Program will be periodically evaluated to ensure its alignment with company goals and employee needs.

Procedure

Approval Process:

All training requests must be submitted for approval by your manager before any expenses are incurred.

a. Completion Requirement:

• Employees who receive financial support for training are expected to successfully complete the approved training activity, course, or certification.

• Attendance at conferences must meet reasonable participation standards, such as attending a minimum number of sessions or workshops.

b. Repayment Obligation:

• In the event that an employee does not complete the approved training or fails to meet the specified participation requirements for a conference, they will be required to reimburse the company for the full cost of the training or conference.

c. Repayment Process:

• Employees are responsible for notifying their manager promptly if they are unable to complete the training or meet the participation requirements.

• Upon notification, the company will provide instructions for the reimbursement process.

Training and Development Payment Process:

Expenses for training should be submitted via Ramp under the Training spend program. If you do not have access to Ramp, employees may submit reimbursement requests along with valid receipts.