Expense Accrual

[levadmin]

If you are incurring expenses while working on a LEVERAGEncy assignment we provide the option, at no cost currently, to accrue some of your wages pre-tax to help you pay for some of those expenses. Currently the types of expense we limit this to by default are:

* Mileage
* Lodging
* Per Diem (M&IE)

The way it works is you decide how much of your hourly rate you want to be accrued pre-tax and we will withhold that each pay period. Then, on each time sheet submission, you also share your expenses for that period that you want reimbursed from your accrual with appropriate supporting documentation. We then pay you those expenses from the accrual account. If the accrual balance is less than the expenses for the period we will short pay the expenses (and let you know). If the accrual is over the the expenses for the period we roll the excess amount to the next period and let you know what the positive balance is. You can adjust the amount of hourly rate you set aside each pay period at any time. In addition, you can request a full or partial payout of the positive balance in the accrual at any time as a one-time bonus (which is taxed).

[levadmin]

We can do paid time off. Doing via the expense accrual account / process above.

In short, we accrue part of a candidates rate into an expense account, and then pay from it for PTO. As usual, at any time, the candidate can request a lump sum payout of the $ in the accrual (it’s always 100% their $).

[levadmin]

You can use your expense accrual on relocation costs provided you (1) provide receipts and (2) have the funds in your accrual account. So there might be a delay on this type of re-reimbursement as its typically incurred at the start of the engagement before you have billed (accrued) many hours.