While the standard payroll schedule often suffices, sometimes employees find themselves in an emergency situation where they need an advance on their paycheck before the next upcoming payment date. This is especially likely to occur if your company only issues paychecks once a month, leaving employees to go many weeks in between paychecks.

The purpose of this Payroll Advance Policy, written by Kara Sherrer for TechRepublic Premium, is to provide guidelines for payroll advances, i.e., payments or wages to employees issued prior to the standard payment date.

Featured text from the policy:

As a general rule, [company name] discourages the issuing of payroll advances. However, exceptions may be made for extraordinary circumstances. A situation may justify a payroll advance if it falls into one of the following categories:

Car repairs not covered by insurance.

Hospital bills not covered by insurance.

Impending foreclosures or evictions.

Cut-off utilities or the loss of other essential services.

Family or personal emergencies, such as having to pay for unexpected funeral costs.

Enhance your payroll operations with our eight-page policy document. This is available for download at just $9. Alternatively, enjoy complimentary access with a Premium annual subscription.

TIME SAVED: Crafting this content required 12 hours of dedicated writing, editing, research, and design.