Deposits are required to ensure Playroll can meet its legal obligation to pay the employee once an employment agreement is signed. This financial safeguard guarantees continuity of salary payments, even if invoice payments are delayed or disrupted for an unforeseen reason.
What is the Purpose of the Deposit?
As soon as an employee signs their contract, the agreement becomes legally binding and Playroll assumes full responsibility for paying the employee. The deposit functions as a financial buffer to:
- Ensure uninterrupted salary payments to the employee
- Protect against delayed or failed invoice payments
- Maintain compliance with local labor laws and payroll schedules
Is the Deposit Refundable?
Yes. The deposit is fully refundable once the employment relationship ends and all outstanding obligations are settled.
When is the Deposit Collected?
The deposit is collected during the onboarding process, prior to the employee’s start date and employment agreement signature, to activate employment services and ensure payroll coverage from day one.
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