Efficient Hire is priced in three ways:
The WOTC product is priced as a percent of the certified credit. There are no other costs associated to WOTC.
Per Employee Per Month or PEPM
PEPM is the only pricing option available to Payroll Service Bureas and their end clients. We look at who received a pay check in the first pay period of the month. The number of employees that received a check is the PEPM count. There is a different PEPM fee for each of the Efficient Hire products (ATS, Onboarding, ACA), with the exception of WOTC. PEPM is now an option for direct customers.
The majority of direct customers (restaurant, retail, staffing) of Efficient Hire use a transaction model. This is based on the number of new hires in the month. A portion of our Affordable Care Act Solution is also transaction based. When we generate the 1094c/1095c for a customer, there is a transaction fee per form generated.