#1
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ho geokchoo
on
6 Aug 2010 12:04 PM
A practitioner recently wrote: "Our marketting department hires new employees off the payroll books for a week pending employment reference checks. They get processed into the system once they are cleared. However, they the hire date they use is the second week and not the week that they actually started work. I am not sure how this affects retirement plans. Obviously, employees hired in this department are shorted a week of service, since the first week of work is not counted on the payroll. Can payroll experts clarify on this specific situation? Our company retirement plan also has profit sharing, which is based on hours of service."
Hi CoP Members, this is an interesting situation. Could you kindly share your perspectives and experiences.
Cheers,
Geok Choo
HCS
06/08/2010