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42765VC_employee_handbook_update_2018_r2

LONG SERVICE NEPOTISM

LONG SERVICE NEPOTISM AWARDS GUIDELINES STICK AROUND In recognition of the service and loyalty received from each and every employee, long service is recognised and celebrated by the Company. The periods recognised are 5, 10, 15, 20, 25, 30 and 35 years. The recognition is as follows: • A framed certificate indicating the Company’s appreciation is handed to all employees who have reached various milestones. • Your leave days will also increase as per the details in the annual leave segment. • A monetary consideration of which tax will be deducted as applicable by law and tabled below: Years Taxable Tax Free of Service Monetary Value Asset 5 Years R6,000.00 10 Years R11,000.00 15 Years R16,000.00 R5,000.00 20 Years R21,200.00 25 Years R32,000.00 R5,000.00 30 Years R44,000.00 35 Years R54,000.00 R5,000.00 KEEPING IT IN THE FAMILY Decisions about hiring, promoting, evaluating, awarding salary increases, and terminating employees are based on qualifications for the position, ability, and performance. Every attempt is made to avoid favouritism, the appearance of favouritism, and conflict of interest in employment decisions and we reserve the right to take action when relationships or associations of our employees impact our mission. The IIE’s Varsity College prohibits any employees who are family members from working in the same chain of command or on the same site unless otherwise agreed. Family members are defined as an employee’s parent, child, spouse, domestic partner, brother, sister, grandparent, and any step relationships – such as in-laws and close relationships – within the preceding categories. Employees are required to disclose changes in their personal situations, which may impact on this. These guidelines are intended to ensure effective supervision, internal discipline, security, safety, and positive morale in the workplace. They also seek to avoid the perception of favouritism, conflicts in loyalty, discrimination, the appearance of impropriety, and conflict of interest.

EDUCATION ASSISTANCE ALL ABOARD THE EDUTRAIN! Development of our staff is high on our priority agenda. There are internal and external opportunities for personal development and to further your education through recognised learning institutions. It is also important to note that employees should intend to study in a field and/or discipline that would enhance their career path at The IIE’s Varsity College. Who gets education assistance? BURSARIES: For internal studies within ADvTECH’s educational brands it would be: • The IIE’s Varsity College employees: for non-work related studies. A 67% bursary is awarded to permanent staff of Varsity College that study at Varsity College or any of the other ADvTECH tertiary brands. • Family of The IIE’s Varsity College employees are defined as immediate members of the employee’s family (i.e. spouse, children, siblings, parents and grandchildren). Only one family member per employee may study at any given time in any given year. A 67% bursary is awarded to a family member of an employee who wishes to study at The IIE’s Varsity College or any of the other ADvTECH Tertiary Brands. • If a family member is attending school at any of the ADvTECH schools, they can apply for a maximum of a 10% bursary. STAFF TRAINING: For internal and external studies e.g UNISA: • The IIE’s Varsity College employees: for work related studies staff can apply for study assistance. The amount awarded is dependent on the budget and the policy criteria being met. How do I apply? You need to complete a P33T (Application for Study Assistance and Acknowledgement of Debt). The following supporting documentation needs to be submitted with the P33T: • Examination results of the previous year/period if you have already received The IIE’s Varsity College education assistance. • A pro-forma invoice of the tuition costs – most institutions will supply you with this on request. • Should you be applying for a bursary for a family member, then a copy of their ID must be attached to the application. What are the conditions attached to education assistance? These are: • Approval for bursaries/staff training is budget dependent. • Should you have less than six (6) months service, you cannot apply for education assistance. • Tuition payments will always be paid to the selected institution and not to you. • The education assistance will only include the cost of tuition and not the cost of textbooks, study material, registration fees, external and supplementary fees. • Internal study will be subject to space availability and relevance to operational requirements. • A 67% bursary is awarded to permanent staff of The IIE’s Varsity College that study at Varsity College or any of the other ADvTECH tertiary brands. • A 67% bursary is awarded to family of The IIE’s Varsity College staff that study at The IIE’s Varsity College or any of the other ADvTECH tertiary brands. • All applications will be considered on their individual merits. • Approval for further years of study are dependent on previous results; so for example, if you are studying a three (3) year degree and you fail some or all of your 1st year modules then you will be declined for further study assistance and you may be required to pay back some, or all, of the study assistance provided. • You are not required to pay back The IIE’s Varsity College for your studies, but you will be required to work back the education assistance in the following manner: o Courses that run to a maximum of six (6) months – you will need to work for six (6) months, after completion of the course. o Courses that run over six (6) months to a maximum of twelve (12) months – you will need to work for twelve (12) months starting after the completion of the course. o Should you terminate your employment for whatsoever reason before completing the required “work back” period; you will become liable for the pro-rata cost of the course.

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