I know some people and companies liquidate employees annually.
I have an employee who has built up some debt with me and others.
He struggles to pay it off.
Can I offer him partial liquidation? say one of his three years?
I would like to 'liquidate' him enough to alleviate his debts.
The money is actually his - his severance being held in abeyance - and is a future obligation of mine.
Both he and I would rather not empty the total liquidation pot, just part.
Any comments?? Suggestions/ideas?
I have an employee who has built up some debt with me and others.
He struggles to pay it off.
Can I offer him partial liquidation? say one of his three years?
I would like to 'liquidate' him enough to alleviate his debts.
The money is actually his - his severance being held in abeyance - and is a future obligation of mine.
Both he and I would rather not empty the total liquidation pot, just part.
Any comments?? Suggestions/ideas?