The training agreement is an important part of the ACA`s training, as it ensures that all ACA students achieve the highest quality and the highest level of training possible. We have established a training agreement for the ICAEW pro forma. It offers the flexibility to insert your policy on evaluation tests, resaction costs and study leave. But if that employee stayed two years after the end of the course, using this training every day, then $2000 is not a reasonable estimate of the money that the company has really lost. In that case, it would not be wise to use a training agreement to recover the full $2,000 — and it is very likely that it would not be legally successful. You must agree on an approved training period that will allow your students to follow the 450 days of practical experience required: the second thing you should think about when applying training contracts is the idea of “commercial restriction.” As we have already said, training agreements are designed to protect businesses from losing their investments – but the law will not allow an employer to use them to unreasonably prevent someone from changing jobs. Information about an ACA training agreement must be accurate at all times. If you have a student whose circumstances change (for example. B, change of name, change in the duration of a training contract or situation of dismissal, suspension, cancellation) or change of office, you must update the agreement and inform us. Before sending their team for training, many companies ask their employees to sign a training contract that is designed to reimburse investments in their training if they leave before a certain period of time.

If the cost of the course is relatively low, the training contract could come from the employee`s last salary. If it costs more, employers could establish a more structured payment plan. The training agreement was updated in November 2017, so please use this version of the training contract for one of your new recruits. It is available for your ACA, Level 4 or Level 7 Learning students. It also provides a structure for the training process and provides a definite starting and finishing point – so you know when a student is going to finish their studies. This bilateral agreement between you and your students describes the support you will provide (for example. B paid education, study leave and tutoring) and what you expect from them. The training agreement is a formally signed document between your organization and each of your students. It relates exclusively to the ACA. You can control the length of your students` approved training. This period must be at least two years (if any, as above) or a maximum of five years (unless the student is trained in a strategic degree or other program offered in partnership with an ICAEW learning partner). Some training agreements operate in a kind of sliding scale, where the longer the employee stays in the company, the less he must be reimbursed if he decides to continue.

For other companies, the training contract is a little black and white, with a set deadline indicating when the employee is no longer responsible for refunds. Curriculum: A curriculum placement offers ECTS points. In addition, it is mentioned in the student`s title once the bachelor`s degree is completed.