Security deposit

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166 Points Posted on 22 March 2021
what is the meaning of staff security deposit??
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On 22 March 2021 at 23:23 Report
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A staff security deposit is an amount an employee pays to an organisation before starting work, which is usually refundable. However, employers demanding such deposits may be acting illegally. The discussion explores whether employers can legally forfeit this deposit if an employee doesn't work for the agreed period.

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Chartered Accountant
24588 Points Posted on 22 March 2021
An amount which should be deposited by the staff in an organisation before joining the company. Employers told that it is refundable but it's an illegal process
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On 22 March 2021 at 23:39
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166 Points Posted on 22 March 2021
If employee does not work for agreed period then can employer forfeit that deposit
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On 22 March 2021 at 23:42
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Chartered Accountant
24588 Points Posted on 23 March 2021
May be
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On 23 March 2021 at 06:07

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