If Degree Wellness requires participation in an electronic funds transfer program, what agreement must the franchisee sign?
Degree_Wellness Franchise · 2025 FDDAnswer from 2025 FDD Document
- e. You must establish any training programs for your employees and/or independent contractors that we may prescribe in writing from time to time. You are required to enroll in and maintain the human resources and payroll services provided by the vendor we designate for such services, including the payment of any fees and execution of any agreement required by such vendor. The required services consist of payroll processing, payroll tax filing, human resource solutions, benefits administration services, hiring and employee onboarding.
Source: Item 23 — Receipts (FDD pages 66–257)
What This Means (2025 FDD)
According to Degree Wellness's 2025 Franchise Disclosure Document, if a franchisee is required to participate in an electronic funds transfer program, the franchisee does not sign an agreement specific to the electronic funds transfer program. However, the franchisee is required to enroll in and maintain human resources and payroll services provided by a vendor designated by Degree Wellness, including the execution of any agreement required by such vendor.
This means that as a Degree Wellness franchisee, you must use the HR and payroll services vendor that Degree Wellness designates. This includes signing any agreements that the vendor requires for using their services. These services include payroll processing, payroll tax filing, human resource solutions, benefits administration services, hiring, and employee onboarding.
It is important for a prospective Degree Wellness franchisee to understand that they do not have a choice in which HR and payroll services vendor they use. They are required to use the vendor that Degree Wellness designates and to sign any agreements that the vendor requires. This could have implications for the cost and quality of these services.