What is the hourly fee charged by Cinch I.T. for remedial training?
Cinch_I_T Franchise · 2024 FDDAnswer from 2024 FDD Document
echnician each of whom has satisfactorily completed the Initial Training Program. Vacancies in either position must be filled within ninety (90) days and the Initial Training Program for that position commenced within thirty (30) days after hire.
- (f) We also maintain a remedial training program. If You fail to meet Our Minimum Performance Standards, You must participate in Our Performance Improvement Plan for three (3) months. We reserve the right to charge a fee for such remedial t
Source: Item 23 — RECEIPTS (FDD pages 60–269)
What This Means (2024 FDD)
According to the 2024 Cinch I.T. Franchise Disclosure Document, if a franchisee fails to meet the Minimum Performance Standards, they must participate in a Performance Improvement Plan for three months. Cinch I.T. reserves the right to charge a fee of $100.00 per hour for this remedial training, plus any travel and living expenses incurred by the trainer. This fee must be paid before the training commences and is subject to change without notice.
In addition to the remedial training program, Cinch I.T. also maintains an on-site training and coaching program where a staff member provides on-the-job training at the Franchised Business. This service also costs $100.00 per hour, plus travel and living expenses for the trainer, payable before the training starts. This fee is also subject to change without notice.
Furthermore, if more than two people are trained for a single Franchised Business, Cinch I.T. may require the franchisee to pay a Training Fee of $15,000.00 per person, per module, before training begins. This fee is also subject to change without notice. Franchisees must also ensure they employ at least one trained salesperson and one trained technician who have completed the Initial Training Program, filling any vacancies within 90 days and commencing training within 30 days of hire.