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Buyout Policy

Authored by Zuzana -

Professional Development

5th Grade

Used 2+ times

Buyout Policy
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14 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The total Buy-Out amount payable to the candidate's current employer should not exceed the sum of the candidate's

1-month current monthly compensation

2 months current monthly compensation

3 months current monthly compensation

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Anything above the guideline of buy out exceeding 2 months of monthly compensation, you will need to obtain additional approval from

from CFO

from HOD

from CFO and HOD of the respective department.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The bond: The candidate shall be bonded for a period of

1 year from the date of joining the AirAsia Group of companies

6 months from the date of joining the AirAsia Group of companies

no bond applies

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Bond: Should the candidate leave AirAsia before completing 1 year, he/she will be required to pay

100% of the total buyout amount paid.

50% of the total buyout amount paid.

no payment needed

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

approval process: Prior to initiating the approval process, the hiring manager must obtain written approval from HOD and submit it to the recruiter.

It is the recruiter’s responsibility to obtain written approval from the hiring manager before initiating the buyout process.

Correct

Incorrect

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Approval process:

Recruiter submit proposal for Buy-out to Head, Recruitment (if the amount is 2 months or less) and/or CHRO (if the amount is 2 months or more). After that, approval is routed to Head, Rewards

Correct

Incorrect

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Upon Head, Rewards / CHRO approval, who submits proposal for Buy-out to CFO / Finance Manager for approval?

recruitment head

recruiter

rewards

CHRO

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