An Employee Reimbursement Policy describes the provisions regarding the obligatory practice of any organization: to repay the employees the amount spent by the latter on behalf of the company to complete any office-related tasks. It must be made clear that the expenses that are refunded to the employees are not a part of the regular wage that the organization pays to its employees. Payments made to pay for the meals with a client to seal a deal, the costs made for the employee’s travel for business purpose, employee’s medical expense, etc. are some examples of some refundable payments. This policy helps the organization to make sure that the employees do not misuse this rule of refunding the employees. The policy ensures that the employees have a limit above which there is no reimbursement provided. Besides, this system decreases the chances of fraud that an employee can commit in the name of work-related expenses
This policy defines all the reimbursable and non-reimbursable expenses for this policy. The employer can make sure that the employees do not spend more than the set limit. It helps the organization to minimize the costs and have control over the employees’ spending. With the help of our policy template, ensures that the employee spending activity is kept under a check and the employee expenses refund policy of the company is not being misused.