Heyheyhey1017
Junior Member
my employer has an educational policy to encourage its employees to pursue designation. Many of these designation take year or two to finally get. For example, if we pursue a CFA designation, which has three levels, the company will add to our salary on an annual basis $5,000 per test and then an additional $5,ooo when you get the designation. If We leave the company within two years we have to pay the company back for any expenses I incurred (fees, review classes). We have to sign a paper agreeing to these terms.
I signed up for a designation that has two separate levels and completed the first. I will complete the second test in March 2018.
Anyway, the company wants to change the policy to each exam only being reimbursed as a one time bonus and not the annual salary bump. Can they change the terms mid way? I started the exams with the terms of an annual increase and wouldn't have undertaken the designation if I knew they would change this.
I believe they entered into a contract to fulfill those terms. Am I right? I have no issue if they change the policy going forward because I have the information and can plan accordingly.
Thanks in advance!
I signed up for a designation that has two separate levels and completed the first. I will complete the second test in March 2018.
Anyway, the company wants to change the policy to each exam only being reimbursed as a one time bonus and not the annual salary bump. Can they change the terms mid way? I started the exams with the terms of an annual increase and wouldn't have undertaken the designation if I knew they would change this.
I believe they entered into a contract to fulfill those terms. Am I right? I have no issue if they change the policy going forward because I have the information and can plan accordingly.
Thanks in advance!