When you onboard a new international employee, your first payment will be a security deposit. The security deposit is equal to one month’s expected payroll and taxes.
As an employer of record, we have a contractual obligation to pay the international employee their salary; if we’re ever unable to draw funds from your account, we can use this deposit to ensure we pay the international employee in a timely manner.
When will I get the deposit back?
We withdraw the deposit and hold it for the duration of the international employee's employment with the company. Once the international employee leaves (e.g., through resignation or termination), the security deposit will be refunded to you within 30 days of the international employee's final payroll.
Questions?
Please contact us at support@plane.com if you have any questions or use Plane's in-app chat.