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A training agreement, or an employee repayment agreement is a legally enforceable contract that sets out the terms and conditions of any training that you provide your employees. It establishes the cost of undertaking training, and who is responsible for paying.
A training repayment agreement provision, also referred to as a training agreement, a training reimbursement agreement or a training clawback, is a type of employment contract that asserts an employer will cover the cost for an employee to receive work-related training in exchange for the individual's continued ...
The agreement should specify the training cost, the length of time the employee must continue working for the company after completing the training, and the repayment requirements that apply if the worker leaves the organization before the specified time.
Training reimbursement is when a company covers the cost of a training program an employee elects to do. Typically, training should relate to the employee's position. Training reimbursement policies generally fall under the category of tuition or education assistance.
What is a training agreement? A training agreement is a written agreement between an employer and their employee setting out the conditions of any training the company pays for them to take.