Modus Intern only offers a single hourly market wage to avoid pay discrimination and to make invoicing simple to our clients. However, your company can still top up your student’s wage with cash bonuses and perks that we offer along the way as packages. For example, there will be opportunities to provide optional performance bonuses, …
If your company completes the employment term (i.e. 4, 8 or 12 months that you committed to), the Security Deposit will be refunded back to your company. If your company cannot complete the employment term that it committed to, the Security Deposit will be forfeited. However, this does not apply if the student resigns.
Yes, we invoice monthly but we do not finance the students’ payroll. This means you will be invoiced in the prior month and your company is expected to pay by the first day of the active month. We accept payment by ACH or US domestic wire transfer.
Once the student accepts the job offer, your company must then provide the first month’s salary and security deposit within 10 business days or before the student starts work, whichever comes first.
The monthly fee charged to your company includes vacation pay and statutory holiday pay benefits for the student. If the student doesn’t take all their 10 vacation days per year, they will receive unused vacation pay premium as compensation. In comparison, the students are required to take statutory holidays off and will be paid on …
How is vacation pay and statutory holiday pay handled? Read More »