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SALARY ADVANCES


POLICY

Salary advances are permitted for new or re-hired employees during their first month of employment should they require time to adjust to the University’s payroll frequency.

Salary advances are intended to provide a means to compensate the employees for work already performed while waiting for their initial paperwork to be processed.  They are NOT a substitute for proper planning and timely submission of an employee’s paperwork.

Employees not on payroll in a timely manner create an administrative burden relative to fringe benefits coordination in addition to the costs of processing, printing and reconciling manual checks.


PROCEDURES

  • Salary Advance forms must be submitted to Payroll Accountant no later than noon on Tuesday for checks to be available in Accounting (Uptown Campus) on Wednesday or in Financial Services (Health Science Center) on Thursday.
  • A second (third for bi-weekly) or subsequent salary advance for the same new or rehire employee will require Senior Officer approval to process the advance.
  • Advance amount must be calculated based on 70% of days worked.
  • This loan will be deducted from the employee’s first available payroll check.

 

WFMO, University Square, 200 Broadway, Suite 120, New Orleans, LA 70118 504-865-5280 wfmo@tulane.edu