MAL 29:19 MAL 29/19 | Page 82

CREDIT MANAGEMENT Recovering Debt From An Employee By Wasilwa Miriongi I n my many years of debt collection practice I have come across quite a number of organizations that seem to face this problem. One of my classmates who runs an MPesa agency gave me a list of about ten former employees who made away with his money totaling Kshs.1,000,000/=. This should not surprise you as long as you are using cash as a method of payment or you are in an organization where cash is handled in large amounts and with frequency, issues of internal control will occur and cases of stealing cash cannot be avoided. It is more about our societal values as well. A company director of one leading insurance company while lamenting about employee theft once said “give me an honest person and I will hire him straight away” There could be many causes of employee theft that I may not address in this article but many organizations face this issue. Companies sometimes overpay their workers and occasionally even make loans. This creditor-debtor relationship between the employer and the employee can cause frustration if the employee becomes delinquent. In most cases, you don't have a clear- cut, fast and easy path for collecting debt from an employee. Forceful solutions such as wage garnishment usually run afoul of the law. Filing a lawsuit may cost you more money than the value of the debt. This means your outlook for success depends on the employee's willingness to cooperate with you. Keep that in mind as you proceed. Guidelines to recovery of employee debt Ensure the employee agrees in writing that they owe you money. Where he/ she does so, the employer may deduct the amount owed from the employee’s last salary and any other payments, such It is important to capture enough informa- tion in the employment contract as this may come in handy in collecting the amount. No matter how small your business or the num- ber of employees you have, the labor law states that you must give your employees a written document that outlines in writing the terms and conditions of their employ- ment. Not doing so, can land you in hot wa- ter somewhere along the line. 80 MAL29/19 ISSUE as accrued annual leave, bonus, etc. Of course, employment act must be observed when making deductions from the employee remuneration where applicable. Most workers appreciate fair treatment and reasonable accommodation, and by winning their cooperation, you can avoid the much more frustrating alternatives. Approach the employee privately and try to work out a voluntary repayment plan that is feasible for the worker and your company. In particular, seek out a plan that fits the employee's personal budget. If the employee won't repay the debt to you, and you don't have a good chance of winning a lawsuit, try to use a debt collection agency. Debt collectors specialize in this work and have tools and tactics your company doesn't. Note that you can only sell a well-documented debt. The employer may opt to sue the employee for damages in the civil courts. This is a protracted and costly process. It may even be throwing good money after bad, which may dissuade many an employer from pursuing. Of course, if the employee has signed a proper acknowledgement of debt, which may be used to obtain judgment, the process may be simplified a little. Before taking this route the employer must ensure that employment contract was duly followed. Simply pursue your legal remedies with dispassion. Also, be careful about any decision to fire the employee. You can often do so legally, but many exceptions exist and you want to avoid a wrongful-termination lawsuit. Focus any decision about continued employment in terms of what is best for