hile some branch providers operate under a 1099 pay structure, many others choose the W-2 system for various reasons, including compliance, but also to provide more normalized benefits packages
to their employees. A quality system may offer highly valuable packages, including medical, dental, profit sharing, 401k plans, and life insurance. These benefits may be valuable to the branch manager individually, but the offerings can also help branch managers to attract better employees. Many brokers
have found that a segment of the high-producing loan officer workforce require these employment peripherals for their family’s lifestyle. Net branching not only can provide these value-added features, but it can also do so without the added time or financial requirements of administrating them. Typically, net branch providers who offer benefits have comprehensive human resource
departments to manage these cash and time consuming aspects of
employing others.
 
 
 
 
 
 
 
 
 
 

© 2006 Branch Navigator, Inc.