A3. Employee Purchases
Upon the successful completion of your 3 months (90 day) probationary period employees are eligible for staff pricing on purchases for their own personal use only.
Staff pricing is available at cost of the product plus an additional 5% of the cost, all applicable taxes and recycling fees as required.
(eg. $1000 cost + 5% of $1000 + recycling fees + taxes).
Should the employee pay using a credit card an additional 2.75% on the total invoice will be added to the product cost to cover bank imposed credit card transaction fees.
An “Employee Purchase” form must be completed and a hand written invoice listing each cost of the products purchased plus the 5%, recycling fees and/or install fees. The form must then be signed off on by the store manager and accounting with the final approval from ownership BEFORE the stock is removed from the store.
All purchases are subject to management approval.
Employee purchases can be paid via payroll deductions. The total payment can be made over a maximum of 12 consecutive weeks (with a minimum of $20.00 per payroll) starting with the next pay period from your purchase.
In order to pay through payroll your vacation accrual must be enough to cover your purchase and only a maximum of 2 purchases at once through payroll is allowed.
Should your employment with Gibbys Electronic Supermarket be terminated before the purchase(s) are paid off the total amount left owing will be deducted from your final pay cheque.
Employee Purchases are a privilege. Purchases are not to be resold by any means for a profit gain. Any abuse of this privilege will result in disciplinary action up to and including dismissal.
Management reserves the right to deny any purchase at anytime.