No company could function without employees. They’re the backbone of the operation, the people on the ground turning a visionary CEO’s ideas into a viable business.
They earn the money they make, but companies need to ensure they don’t pay out more than what both parties agreed to. There are a few ways employees can drain company resources and debt collectors can prevent them all.
Please read on to learn more.
Ongoing Education and Training
Companies want their employees to know their stuff and be polished on the job. That’s why many offer to pay for things like ongoing education and training.
This arrangement benefits both parties: the business gets a higher quality employee, while the employee sharpens their professional skills without having to pay out of pocket. However, sometimes employees exploit this by working for the company only until the free training is over.
Not only is this unethical. It could be illegal, too. The free training is supposed to benefit the company paying for it. Imagine if the employee helped themselves to the training, only to quit and work for a rival company! Debt collectors help companies recoup these funds.
Improper Employee Reimbursement
Companies pay for certain expenses employees incur on the road or during the course of their work. Why should the employee pay out of pocket for expenses they need to pay to do their job?
However, sometimes there’s confusion about what is and isn’t a legitimate work expense or how the repayment process works. Leading debt collectors help companies recover employee reimbursement debt effectively and quickly, and they do it tactfully and professionally.
The best and most experienced debt collectors lead with kindness and cordiality, so companies don’t need to worry about straining relationships or burning bridges. Asking for money can be sensitive, so friendliness and kindness help to ease what can otherwise be challenging and difficult.
Thankfully, the companies that prioritize treating people with dignity also double the national average in debt recovery. Not only are aggressive methods and tone ugly. They also aren’t as effective.
Overpaid Salary
Sometimes, a system glitch or some other error results in accidental overpayments to employees. This may put companies in an awkward position since they’ll be asking for something from an employee who didn’t do anything wrong.
Plus, companies don’t want to foster negative feelings in people who will continue to work with them, potentially for years longer. Debt collectors can take this invidious task off your HR’s hands and recoup the money quickly, freeing up employees to work where they’re most useful while getting better results.
If you underpaid employees, the company would act to correct the mistake. It’s only fair that there’s a solution for the reverse problem.
Business leaders count on their employees to do their job. They trust them with crucial tasks which, together, make the entire operation run. However, companies don’t have money for expenses they didn’t agree to. Consider hiring a professional debt collector who puts kindness and dignity at the heart of what they do to keep money from draining needlessly away.
