According to a 2017 study by CareerBuilder, they determined that 78% of US workers live paycheck-to-paycheck and 75% of workers were in debt. With those statistics, many employers find it common to be approached by an employee for a loan or advance. While it may be seen as a way to improve employee morale, productivity, and employee loyalty, there are many other factors to take into consideration to avoid a detrimental impact. In this article, I will cover some of the little known aspects of employee loans and advances. First off is whether or not the loan is going to…
