Reply to thread

Message

<blockquote data-quote="Jessica Booker" data-source="post: 142182" data-attributes="member: 2672">It’s legacy clauses from the LPC - these policies have been in place for decades so it isn’t anything new/that was deemed unfair before.It’s a very normal thing to put into a contract to make sure people think about things carefully. The firm is making a £20k investment in you potentially for no return otherwise. They are also a hire short too so it’s by far ideal for them too to be in this position.Whether the clause is enforced or not is pretty difficult to say and I think ultimately comes down to the individual firm’s approach to this. When it was the LPC, I worked for firms who did get it repaid (often paid in monthly instalments spread over 7-8 years) and others who just wrote it off. Decisions were also made on a case by case basis. Ultimately if you didn’t complete the course and had bad attendance, then I would expect the firm to say you will need to repay, while if there were certain circumstances outside of your control, then that could be deemed mitigating circumstances and some form of compromise might be reached.My sense is that many firms will offer more of an opportunity to resit and defer the TC start date rather than just renege the offer completely. However, what does seem to differ is what firms are happy to offer with this decision - for instance some firms will not cover the cost of the resit or will reclaw the cost of it from the trainee’s salary once they start (assuming they do), or would reclaw back and resit fees if the individual was to fail again.</blockquote>

[QUOTE="Jessica Booker, post: 142182, member: 2672"] It’s legacy clauses from the LPC - these policies have been in place for decades so it isn’t anything new/that was deemed unfair before. It’s a very normal thing to put into a contract to make sure people think about things carefully. The firm is making a £20k investment in you potentially for no return otherwise. They are also a hire short too so it’s by far ideal for them too to be in this position. Whether the clause is enforced or not is pretty difficult to say and I think ultimately comes down to the individual firm’s approach to this. When it was the LPC, I worked for firms who did get it repaid (often paid in monthly instalments spread over 7-8 years) and others who just wrote it off. Decisions were also made on a case by case basis. Ultimately if you didn’t complete the course and had bad attendance, then I would expect the firm to say you will need to repay, while if there were certain circumstances outside of your control, then that could be deemed mitigating circumstances and some form of compromise might be reached. My sense is that many firms will offer more of an opportunity to resit and defer the TC start date rather than just renege the offer completely. However, what does seem to differ is what firms are happy to offer with this decision - for instance some firms will not cover the cost of the resit or will reclaw the cost of it from the trainee’s salary once they start (assuming they do), or would reclaw back and resit fees if the individual was to fail again. [/QUOTE]

Verification

Our company is called, "The Corporate ___ Academy". What is the missing word here?

Search

Search

Reply to thread