Dear All, i want to know about the philosophy for Interviewee Reimbursement Regards reena
From India, Hyderabad
From India, Hyderabad
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Hi,
You can use this below points + See the form attached-
Travel reimbursements for interview candidates:
� The individual would be expected to pay the expenses directly and then be
reimbursed, except in a case where that would prove to be an extreme financial
hardship
� Reimbursement of travel expenses for candidates is permitted if approved by the reporting HR.
� Reimbursement will be allowed only for finalists for a position. It is expected that telephone interviews only will be used in the initial round of interviews for those candidates who cannot be present for the interview.
� There is a maximum cap of 25000/-INR for any reimbursement including Lodging/Food/Travel/Misc. Expenses.
� Candidates will be reimbursed for reasonable costs, which could include the if they travel by car, railroad costs, or airline travel.
Preferred Mode of Travel for Interviewee-
Trainees/Executives/Associate Mgrs/Mgrs - 3rd AC train fare/bus
AGM/GM/AVP - Economy air fare/1st class AC train
VP/EVP/President/CEO - Business class or actuals.
Apart from this, special approvals can be given by the concerned HOD in some cases like if the candidate is coming from a long distance or the interview has to be scheduled immediately etc.
72You can use this below points + See the form attached-
Travel reimbursements for interview candidates:
� The individual would be expected to pay the expenses directly and then be
reimbursed, except in a case where that would prove to be an extreme financial
hardship
� Reimbursement of travel expenses for candidates is permitted if approved by the reporting HR.
� Reimbursement will be allowed only for finalists for a position. It is expected that telephone interviews only will be used in the initial round of interviews for those candidates who cannot be present for the interview.
� There is a maximum cap of 25000/-INR for any reimbursement including Lodging/Food/Travel/Misc. Expenses.
� Candidates will be reimbursed for reasonable costs, which could include the if they travel by car, railroad costs, or airline travel.
Preferred Mode of Travel for Interviewee-
Trainees/Executives/Associate Mgrs/Mgrs - 3rd AC train fare/bus
AGM/GM/AVP - Economy air fare/1st class AC train
VP/EVP/President/CEO - Business class or actuals.
Apart from this, special approvals can be given by the concerned HOD in some cases like if the candidate is coming from a long distance or the interview has to be scheduled immediately etc.
Mani has given adequate details. Some additional points to be borne in mind to frame the reimbursement policy:
1) The mode and class by which the candidate shall travel shall be commensurate with the post for which the candidate is appearing for interviews.
2) Usually, travel expenses are reimbursed. It all depends upon the company's policy to reimburse boarding and lodging charges.
3) Reimbursement shall be made on the submission of actual bills as proof of having traveled by the stipulated mode and class.
4) Devise a suitable format for this to be filled in by the candidates.
B. Saikumar
Mumbai
From India, Mumbai
1) The mode and class by which the candidate shall travel shall be commensurate with the post for which the candidate is appearing for interviews.
2) Usually, travel expenses are reimbursed. It all depends upon the company's policy to reimburse boarding and lodging charges.
3) Reimbursement shall be made on the submission of actual bills as proof of having traveled by the stipulated mode and class.
4) Devise a suitable format for this to be filled in by the candidates.
B. Saikumar
Mumbai
From India, Mumbai
Dear Ashwini,
Sub: Interviewee Reimbursement
It is simple, madam...
* For local candidates - NOTHING
* For outstations candidates:
a. If the interview is for the lower category, i.e., below Manager level, you can pay for a First Class or AC class train fare, for which normally no company insists on travel tickets. Alternatively, you may ask the interviewee to produce a one-way travel ticket for your records.
b. If the interview is for the Manager and above level category, you may reimburse return Economy Air Fare. Please check with your company whether they are willing to provide hotel accommodation for one night. If yes, inform the interviewee well in advance; otherwise, there is no need to inform.
* If the interview is for the CEO or Managing Director category, you will have to pay for the Club Class Air Fare along with hotel accommodation for one or two nights, depending on the interview process. If the interviewee needs to stay for the second day, you will also have to cover the hotel accommodation for the second day because they may extend their stay for the interview purpose only upon your insistence.
For any other doubts, please send an email to my personal email ID: venky1342@gmail.com
- Regards - Venkat - 9945283007 / Bangalore
From India, Bangalore
Sub: Interviewee Reimbursement
It is simple, madam...
* For local candidates - NOTHING
* For outstations candidates:
a. If the interview is for the lower category, i.e., below Manager level, you can pay for a First Class or AC class train fare, for which normally no company insists on travel tickets. Alternatively, you may ask the interviewee to produce a one-way travel ticket for your records.
b. If the interview is for the Manager and above level category, you may reimburse return Economy Air Fare. Please check with your company whether they are willing to provide hotel accommodation for one night. If yes, inform the interviewee well in advance; otherwise, there is no need to inform.
* If the interview is for the CEO or Managing Director category, you will have to pay for the Club Class Air Fare along with hotel accommodation for one or two nights, depending on the interview process. If the interviewee needs to stay for the second day, you will also have to cover the hotel accommodation for the second day because they may extend their stay for the interview purpose only upon your insistence.
For any other doubts, please send an email to my personal email ID: venky1342@gmail.com
- Regards - Venkat - 9945283007 / Bangalore
From India, Bangalore
If you wish to select a good HR for your company and conduct a walk-in interview, various candidates are expected to show interest. However, by inviting resumes through advertisements in relevant newspapers, you can attract talented individuals. To entice good candidates, it is important to offer reimbursement for travel expenses, especially if the candidate is located far from the interview venue. This not only enhances the organization's image but also fosters a positive perception among candidates. Building trust and a positive attitude towards the company is crucial.
Failing to reimburse travel, boarding, and lodging expenses adequately, or providing only a limited amount, may hinder your recruitment goals. It is essential to choose the right candidate for the interview to avoid additional costs. Maintaining your company's image while selecting the most suitable talent with reasonable expenses is key.
Dr. V. Sundaresan
Hyderabad.
From India, Pune
Failing to reimburse travel, boarding, and lodging expenses adequately, or providing only a limited amount, may hinder your recruitment goals. It is essential to choose the right candidate for the interview to avoid additional costs. Maintaining your company's image while selecting the most suitable talent with reasonable expenses is key.
Dr. V. Sundaresan
Hyderabad.
From India, Pune
Dear All,
It depends on the shortage of candidates. Where there are plenty available without asking, no one would reimburse anything. But where you do not have candidates for a particular skill, whether it's a worker, staff, or management position, you have to attract them right from the beginning. This may include telephonic interviews, reimbursement of travel, stay, etc. Asking for receipts is also optional because in some cases, such as travel by taxi, there may not be a receipt.
There are no hard and fast rules or laws on this subject; it all depends on the situation.
Vibhakar Ramtirthkar.
From India, Pune
It depends on the shortage of candidates. Where there are plenty available without asking, no one would reimburse anything. But where you do not have candidates for a particular skill, whether it's a worker, staff, or management position, you have to attract them right from the beginning. This may include telephonic interviews, reimbursement of travel, stay, etc. Asking for receipts is also optional because in some cases, such as travel by taxi, there may not be a receipt.
There are no hard and fast rules or laws on this subject; it all depends on the situation.
Vibhakar Ramtirthkar.
From India, Pune
There is no philosophy behind the payment. The logic is quite simple. If you are an established organization and want good talent, then you spend money to attract talent. A prospective candidate has to take leave from his present organization and prepare himself to meet your representatives for an interview. So while he is spending his time and efforts to get recruited, from your end, you spend a bit of money to defray his travel costs to attend the interview. It is for mutual convenience and benefit.
From India, Bengaluru
From India, Bengaluru
This is an interesting topic. How many companies actually pay travel costs for interviews anymore? The attitude I see is: if you want a job, you come for the interview. Companies will naturally pay for a candidate whom they desperately want (headhunted cases). I would like to know from members how many companies actually pay travel costs for interviews today. We are debating this at a client's place.
From India, Mumbai
From India, Mumbai
A large number of companies do pay, no doubt, in a proper voucher format. I have done it myself for several years in the past. At times, when the economy is fluctuating wildly, yo-yoing, then it becomes a question of who is desperate for what - companies want good candidates or the candidates want a good role in leading organizations.
Very basic theory on the economy is: Price is determined where demand meets supply!
From India, Bengaluru
Very basic theory on the economy is: Price is determined where demand meets supply!
From India, Bengaluru
Hello Saswata Banerjee,
As N.K. Sundaram mentioned, many companies do reimburse interview travel expenses. In fact, we insist all our clients to do so, and most agree, even if they haven't been doing it earlier.
The simple logic, more than the demand-supply angle, is that it's the company's image that takes a beating, not the candidate's in such instances. A professionally run company is always very particular about its corporate branding/image—and what better way to project it than to convey that they care for their employees with this small step?
Usually, companies look at it in another way as well: for the individual, the comparative costs of bearing the travel expense are higher (vis-a-vis his/her salary/earnings) than it is for the company—I hope you get the point. It all depends on the mentality of the individuals at the helm of the company—whether their focus is to save money (a sort of "penny-wise, pound-foolish" scenario) or to invest a pound now to reap intangible gains later.
Regards,
TS
From India, Hyderabad
As N.K. Sundaram mentioned, many companies do reimburse interview travel expenses. In fact, we insist all our clients to do so, and most agree, even if they haven't been doing it earlier.
The simple logic, more than the demand-supply angle, is that it's the company's image that takes a beating, not the candidate's in such instances. A professionally run company is always very particular about its corporate branding/image—and what better way to project it than to convey that they care for their employees with this small step?
Usually, companies look at it in another way as well: for the individual, the comparative costs of bearing the travel expense are higher (vis-a-vis his/her salary/earnings) than it is for the company—I hope you get the point. It all depends on the mentality of the individuals at the helm of the company—whether their focus is to save money (a sort of "penny-wise, pound-foolish" scenario) or to invest a pound now to reap intangible gains later.
Regards,
TS
From India, Hyderabad
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