The security deposit is the equivalent of one month of expected payroll and taxes. We withdraw the deposit and hold it for the duration of the employee's employment. We hold the deposit to safeguard against any payment issues.Once the employee leaves (e.g. through resignation or termination), the security deposit will be refunded to you within 30 days of the employee's final payroll. The deposit refund may be delayed when additional charges or payrolls apply (e.g., fringe taxes, healthcare extensions, severance payments, etc.). In this case, the deposit will be refunded once all costs are settled.