Employee needs a short-term loan for an unexpected expense
Lillian, your employee of some 12 years, has experienced an unexpected visit to the emergency room and needs help. She requests a loan of $150 as an advance against her next paycheck. You sympathize with her circumstances, and agree to the loan. But how do you tactfully get the money repaid in a timely manner?
In this article, we’ll explain how to issue a payroll advance using Daycare Payroll Software from Procare, and how to automatically deduct the amount from a future paycheck to repay the loan. You may also choose to phase in the repayment over several checks as needed.