The second thing to think about when using training agreements is the idea of „trade restriction“. As I said, training agreements are supposed to protect companies from losing their investments – but the law will not allow an employer to use them to prevent someone from changing jobs inappropriately. You must declare the training contract in the office where the student is established. However, if the training contract is properly drawn up, it can reasonably be expected that the employer will pay a certain share of £2000. Not only will your company not benefit in the short term from the training it has paid for, but it would end up paying again for the same training if it started a replacement again. Consider the stuck costs inherent in any recruitment process, and you can see how that could put a small business in a really tough position. You can control the duration of your students` authorized training. The period must be at least two years (if described above) or a maximum of five years (unless the student is undergoing training under a strategic degree or other programme offered in partnership with an ICAO learning partner). This is where a training reimbursement agreement comes in – it`s a way for companies to ensure they don`t lose financially when they pay for the development of their employees. Let`s take a look at an example of a training agreement in action. If a company were to spend £1,000 on a training course, but the employee resigned the day after the course ended, it would be fair and appropriate to ask the employee to repay the £1,000 as part of a training agreement. RECORD OF SKILL ATTAINMENT SKILL I.D.

#(ex. UXXXX)SPONSOR NAMESPONSOR DATE SIGNED: (mm/tt/yy) SPONSOR RECORD #2 SPONSOR INFORMATIONApprentice Name Registered Training Agreement # Sponsor Name Address Telephone E-mail Address SUMMARY OF TRAININGEmployment Start Date Employment Date Total hours of training &instruction between dates of employment. Drakes must ensure that the apprentice is able to complete the training course or program provided for in the training contract and that the trainee receives appropriate training in the workplace. To qualify as a chartered accountant, all students must enter into an ACA training contract for an authorized training period with an ICAEW-accredited employer or training director. . . .

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