Its No Different than a 50% pay cut....
If a company changed the terms of your employment to something totally unacceptable like a 50% pay cut, you'd leave right?
Well, each person will have to decide for themselves if having to sign a Loan document (Promissory Note) which if not paid would destroy your credit, is worth it to continue working at that place.
Personally, I have turned down two job opportunities just because of this Promissory Note BS. I would rather make less money somewhere else than have a gun pointed to my head in the event that I elect to leave.
Is the ownership issuing you stock in the company if they are profitable? No. Then why should you fund their training expenses which are just a cost of doing business?
I think you will find more and more of the bottom feeders in this business going to these Promissory Notes. How else can they keep you working there if not with a gun to your head.
Really sad.
If a company changed the terms of your employment to something totally unacceptable like a 50% pay cut, you'd leave right?
Well, each person will have to decide for themselves if having to sign a Loan document (Promissory Note) which if not paid would destroy your credit, is worth it to continue working at that place.
Personally, I have turned down two job opportunities just because of this Promissory Note BS. I would rather make less money somewhere else than have a gun pointed to my head in the event that I elect to leave.
Is the ownership issuing you stock in the company if they are profitable? No. Then why should you fund their training expenses which are just a cost of doing business?
I think you will find more and more of the bottom feeders in this business going to these Promissory Notes. How else can they keep you working there if not with a gun to your head.
Really sad.