this is a new caveat on our training policy:

"In the event that the bank elects to pay for education/training expense, I may be responsible for repayment of total costs (100%) if I voluntarily resign within 12 months after the education/training expenses were incurred; or one-half (50%) of any education/training expense if I should voluntarily resign after 12 months but prior to 24 months after said expenses were incurred."

I am struggling with this policy - do any other banks have a similar policy.

thanks

Yes, I have seen this before. 100% is pretty steep. I wonder how often this gets enforced. I also wonder if there should be a caveat about who requested the employee receive the education/training. If they're paying for college classes, that's one thing. If they sent you to an anti-money laundering seminar, that's another.

Right- if it is for college courses then I see the mindset, but if it is for training that helps me do my job; i.e. - compliance, lending, audit training- then I disagree with the policy. The bank will benefit from the training also and without it the bank could suffer because I am not up to speed.

Voluntary education reimbursement - yes. Job related training - no. You could cut that to 50% and it may be more reasonable. Think about how you'd enforce payment if someone refused. Would you go so far as to sue to collect?

Yes. Ours is prorated too. I believe it is over 3 or 5 years. Companies are wising up to the fact that some individuals only work there to get an education then leave the company for a career elsewhere. Ours also now will not pay for courses unrelated to our business. For example, the bank won't pay for nursing courses, liberal arts, etc.

Many banks have this in place, ours is actually as long as 7 years (MBA or signing bonuses). Many companies have these type of policies in place...EDS, Shell, Chevron, AT&T, etc. Companies are tired of paying for the education of employees who then up and leave.

what about general continuing ed or required training?

If it's job related, no.

EDS requires you to pay back job related training if you leave within your first 3 years. I can't speak for the others.