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[Music] hi Im Gina Grover a consulting services specialist here at plus relocation today Im going to share some information with you about payback agreements which are also known as clawback agreements sometimes the relocation just doesnt work out whether the relocating employee voluntarily leaves the company or is terminated within a certain period of time you may feel the need to recoup some of that investment thats where a payback agreement Thomsen a payback agreement is a contract between a relocating employee and their company which stipulates the terms of recouping some of that investment payback agreements are a common part of the relocation process to help minimize the financial loss due to attrition there are three questions to consider when developing your companys payback agreement policy one what will be your companys policy and process for collecting on paint back agreements and how will terminations be reporting it so that collection can begin policy considerations
