When a work agreement is reached, the employer must provide details about wages, working hours, overtime pay, job responsibilities, and the work guarantee, all of which must be documented in writing. Both the employer and employee must sign to acknowledge the agreed-upon terms.

For the work guarantee, the employer can require the employee to provide a guarantee against potential damages that may occur during work. This can be in the form of cash (the employer can collect a guarantee not exceeding sixty times the employee's daily wage), assets, or personal guarantees. The positions for which the law allows the employer to collect a guarantee from the employee must involve the management of valuable assets, handling money, or tasks related to both direct and indirect property.

Positions for which the law allows the collection of a work guarantee

1. Accountant

2. Finance or cash collection staff

3. Debt collection or recovery staff

4. Positions responsible for valuable items, such as diamonds, gemstones, silver, gold, platinum, and pearls, as well as those overseeing or managing the employer's property.

5. Debt collection or recovery staff

6. Vehicle management or responsibility staff

7. Positions responsible for inventory management, buying, selling, leasing property, lending, receiving deposits, mortgages, pledges, insurance, transferring or managing money, or banking, specifically for employees controlling money or assets for those purposes.

Managing Employee Work Guarantees

1. Cash

If the guarantee is in cash, it must be deposited in a bank account under the name of the employee providing the guarantee, along with a guarantee letter from the bank. The employee must be informed within 7 days after the guarantee amount is deducted.

2. Personal Guarantee

In the case of a personal guarantee, the individual must guarantee damages exceeding sixty times the employee's daily wage. Three documents must be prepared: one for the employer, one for the employee, and one for the guarantor, all confirming the mutual agreement in writing.

3. Assets, Personal Guarantees, and Cash

If the guarantee is in the form of assets, personal guarantees, and cash, the employer must collect a guarantee not exceeding sixty times the employee's daily wage, with supporting documents as outlined in points 1 and 2.

However, the employer can choose whether or not to collect a work guarantee based on discretion and the management of responsibilities for each position as deemed appropriate, or through mutual agreements between the employer and employee prior to employment. Generally, the establishment of work guarantee conditions is more common in businesses with a large number of employees that require management of valuable assets, etc.

Source: Ministry of Labor and Social Welfare

Compiled by: Terrabkk.com Team