Working Together WithWorking Together With

A full-service managed and A full-service managed and outsourced Payroll Solution.outsourced Payroll Solution.

Meeting AgendaMeeting Agenda• COMFORCE Objective.

• Who is COMFORCE?

• Our Services.

• COMFORCE Clients.

• The COMFORCE Advantage.

• Desired State vs. COMFORCE Payroll Process.

• Flowchart.

• Online Reporting.

• Questions and Answers.

To provide the Federal Reserve Bank of New York with a flexible, robust, and efficiently managed third-party payrolling solution for all contingent workers and misclassified independent contractors at a cost-savings price.

COMFORCE Objective: COMFORCE Objective: Quick Start StaffingQuick Start Staffing

• The COMFORCE Corporation is a recognized leader in outsourced payrolling services, contingent staffing, consulting and financial outsourcing.

• The Company has a forty-five year history (listed on the American Stock Exchange (symbol: "CFS").\

• A Certified Small Business Enterprise (SBE) and Woman-Owned Enterprise (WBE) qualifying for supplier diversity requirements

• COMFORCE has over 40 offices nationwide, serves over 8,000 clients, processed over 31,000 W2s in 2006 and continues to grow.

• National licensed employer in 50 US States as well as Canada.

• Total Revenues for 2006 reached over $600 million.

• Ranked by Crains NY Business as one of the fastest growing companies.

• Productivity Through People and Service Excellence are COMFORCE hallmarks.

Who is COMFORCE?Who is COMFORCE?

Geographic PresenceGeographic Presence

40+ Offices Nationwide40+ Offices Nationwide

Headquarters

• Office Location

Corporate HeadquartersCorporate Headquarters

Woodbury, NYWoodbury, NY

o Enables the Federal Reserve Bank to staff contingent Enables the Federal Reserve Bank to staff contingent workers as needed-when needed-without adding to its workers as needed-when needed-without adding to its payroll. payroll.

o Contingent workers are COMFORCE employees, on our Contingent workers are COMFORCE employees, on our payroll, your hidden payroll expenses will disappear. payroll, your hidden payroll expenses will disappear. COMFORCE is the legal employer of record.COMFORCE is the legal employer of record.

o COMFORCE processes all of your company's payroll, COMFORCE processes all of your company's payroll, handles the record keeping, and files taxes, W2 forms, handles the record keeping, and files taxes, W2 forms, workers comp insurance claims, and government reporting.workers comp insurance claims, and government reporting.

o Provides consolidated billing and electronic reporting, Provides consolidated billing and electronic reporting, e-enrollment and e-timecards.e-enrollment and e-timecards.

o A Cost Savings SolutionA Cost Savings Solution

Quick Start StaffingQuick Start Staffing

• Temporary StaffingTemporary Staffing: COMFORCE provides employees for short and : COMFORCE provides employees for short and long-term project assignments for the client. long-term project assignments for the client.

• Direct HireDirect Hire: COMFORCE can assist our client’s staff augmentation : COMFORCE can assist our client’s staff augmentation efforts with recruiting and placing full-time professionals.efforts with recruiting and placing full-time professionals.

• Temp-To-HireTemp-To-Hire: COMFORCE supplies employees for short and long : COMFORCE supplies employees for short and long term project assignments with the option for the client to hire.term project assignments with the option for the client to hire.

  • Contract ConsultingContract Consulting: COMFORCE provides and employs : COMFORCE provides and employs

professionals who perform project based work with a defined professionals who perform project based work with a defined scope and term for the clientscope and term for the client

Other COMFORCE Services Other COMFORCE Services

Current ClientsCurrent Clients

CingularCingular

KPMGKPMG

Goldman SachsGoldman Sachs

Sandvik GroupSandvik Group

NBANBA

Los Alamos LaboratoriesLos Alamos Laboratories

BAE SystemsBAE Systems

Quick Start Staffing AdvantagesQuick Start Staffing Advantages

Bring back the skills of experienced former employees, retirees, Bring back the skills of experienced former employees, retirees, or utilize the services of consultants.or utilize the services of consultants.

Observe potential candidates for a trial period before a hire.Observe potential candidates for a trial period before a hire.

An alternative to downsizing - utilize the valuable skills of your An alternative to downsizing - utilize the valuable skills of your employees while they remain on our payroll.employees while they remain on our payroll.

Simple Employee EnrollmentsSimple Employee Enrollments

Customized Management Reports - COMFORCE can provide real-Customized Management Reports - COMFORCE can provide real-time, online management reports on a regular basis that will help time, online management reports on a regular basis that will help track and budget the use of contingent employeestrack and budget the use of contingent employees

Employee Orientations - COMFORCE will provide a smooth Employee Orientations - COMFORCE will provide a smooth conversion to our payroll for your employeesconversion to our payroll for your employees

Customer Service - COMFORCE will provide you with customer Customer Service - COMFORCE will provide you with customer service support for payroll questions and changesservice support for payroll questions and changes

Quick Start Staffing AdvantagesQuick Start Staffing Advantages

Enhanced Co-Employment ProtectionEnhanced Co-Employment Protection

National licensed employer servicing 50 states & Canada.National licensed employer servicing 50 states & Canada.

Same day, simple employee enrollments.Same day, simple employee enrollments.

Outsourced Administration.Outsourced Administration.

Employee Funding.Employee Funding.

Employer Unemployment & Workers Compensation Protection.Employer Unemployment & Workers Compensation Protection.

Proven Technology Platform: Paperless System & Customized, Proven Technology Platform: Paperless System & Customized, Consolidated Billing and Reporting.Consolidated Billing and Reporting.

Access to Employee Benefits: Medical, Dental, 401(k), Vision, etc.Access to Employee Benefits: Medical, Dental, 401(k), Vision, etc.

Personal consultation and enrollment orientations.Personal consultation and enrollment orientations.

Recruit & Retain Employees.Recruit & Retain Employees.

Desired services vs. COMFORCE ServicesDesired services vs. COMFORCE ServicesSecure a National licensed Secure a National licensed employer.employer.

Accurate Back Office Accurate Back Office processing of timecards.processing of timecards.

A selection of Employee A selection of Employee Benefits.Benefits.

Timely weekly distribution Timely weekly distribution of checks.of checks.

Automated Timecards.Automated Timecards.

COMFORCE can employ/payroll COMFORCE can employ/payroll employees in all 50 US States employees in all 50 US States including Canada.including Canada.

COMFORCE processes all payroll COMFORCE processes all payroll using Peoplesoft 8.8.using Peoplesoft 8.8.

COMFORCE Employees have access COMFORCE Employees have access to Medical/Dental, 401(k), to Medical/Dental, 401(k), Disability & Life Insurance benefits.Disability & Life Insurance benefits.

COMFORCE can customize its pay COMFORCE can customize its pay cycle (e.g. per diem).cycle (e.g. per diem).

COMFORCE can accept paper, fax, COMFORCE can accept paper, fax, MS Excel or Text files, E-timecards, MS Excel or Text files, E-timecards, and Web-based Timecards.and Web-based Timecards.

Accurate and customized Accurate and customized On-Demand Reporting.On-Demand Reporting.

Customized Reports that Customized Reports that can easily be manipulated can easily be manipulated electronically for G/L electronically for G/L accounting entries.accounting entries.

IRS, FMLA, FLSA, ERISA, & IRS, FMLA, FLSA, ERISA, & Co-employment Co-employment Compliance.Compliance.

Customer Service.Customer Service.

Web-based, Automated Time and Web-based, Automated Time and Expense Capture, Reporting, and Expense Capture, Reporting, and Invoicing System (Accurate Invoicing System (Accurate headcount).headcount).

COMFORCE can generate payroll and COMFORCE can generate payroll and invoice registers by Internal Account invoice registers by Internal Account Code, Employee, SSN, Dept. & Code, Employee, SSN, Dept. & Supervisor.Supervisor.

COMFORCE performs the 1099 COMFORCE performs the 1099 Independent Contractor IRS Independent Contractor IRS compliance test, minimizes co-compliance test, minimizes co-employment exposure and manages employment exposure and manages FLMA, FLSA and ERISA 401k plan FLMA, FLSA and ERISA 401k plan compliance.compliance.

Online and phone support for payroll Online and phone support for payroll questions and changes.questions and changes.

Desired services vs. COMFORCE ServicesDesired services vs. COMFORCE Services

COMFORCE Payroll Process Flow ChartCOMFORCE Temporary Employee works one full week.

Employee submits weekly total hours on timecard to manager or central office who signs & approves the timecard.

Hiring Manger. reviews timecards & submits to COMFORCE (online, paper, file, fax, e-mail).

COMFORCE Employee submits weekly timecard to

COMFORCE.

COMFORCE payrolls the employee (deducts tax & benefits withholdings).

COMFORCE corp. delivers checks/stubs to the employees or Payroll dept. for distribution.

Company receives weekly online reports from COMFORCE

             

Option 1

Option 2

COMFORCE Online ToolsCOMFORCE Online Tools

COMFORCE offers web-based online reporting that both COMFORCE offers web-based online reporting that both employees and the Federal Reserve Bank can access on demand employees and the Federal Reserve Bank can access on demand any time for:any time for:

Employee On-Boarding / RegistrationEmployee On-Boarding / Registration

E-BenefitsE-Benefits

E-TimecardsE-Timecards

Management ReportingManagement Reporting

Online: Web PortalOnline: Web Portal

Online: Employee On-BoardingOnline: Employee On-Boarding

Online: E-BenefitsOnline: E-Benefits

Online: E-Benefits Online: E-Benefits (cont..)(cont..)

The online flexibility of the PeoplSoft Self Service Module enables you to The online flexibility of the PeoplSoft Self Service Module enables you to choose from a variety of individual components to access your own personal choose from a variety of individual components to access your own personal information within a secure PeopleSoft environment. information within a secure PeopleSoft environment.

ePay – ViewePay – View Paycheck PaycheckPeopleSoft ePay provides convenient online access to your payroll information. All PeopleSoft ePay provides convenient online access to your payroll information. All employees of COMFORCE and its subsidiaries are given the opportunity to take advantage of employees of COMFORCE and its subsidiaries are given the opportunity to take advantage of the Self Service Module - ePay. Follow the simple steps below to access and view your the Self Service Module - ePay. Follow the simple steps below to access and view your paychecks via ePay.paychecks via ePay.

View Paycheck – From the Self Service homepage click the icon View Paycheck, your current View Paycheck – From the Self Service homepage click the icon View Paycheck, your current paycheck will be displayed. paycheck will be displayed.

Viewing Previous Paychecks - Click on ‘View a Different Payment’ at the top of the page to Viewing Previous Paychecks - Click on ‘View a Different Payment’ at the top of the page to see previous paychecks. Choose the date of the paycheck you would like to view (blue see previous paychecks. Choose the date of the paycheck you would like to view (blue hyperlink).hyperlink).

e-Benefitse-BenefitsThe ‘e-Benefit’ module allows employee’s to review their benefit elections (i.e. Medical, The ‘e-Benefit’ module allows employee’s to review their benefit elections (i.e. Medical, Dental, Vision, Life, Disability, 401k and Flexible Spending accounts). The following icons Dental, Vision, Life, Disability, 401k and Flexible Spending accounts). The following icons are available to you from the Self Service Home page: Benefits Summary, Health Plans, are available to you from the Self Service Home page: Benefits Summary, Health Plans, Savings Plans, Insurance Plans, Flexible Spending Accounts and Dependent Beneficiaries.Savings Plans, Insurance Plans, Flexible Spending Accounts and Dependent Beneficiaries.By choosing one of these icons, the system will bring you to that components summary By choosing one of these icons, the system will bring you to that components summary page. From the summary pages, you will be able to navigate within that component to page. From the summary pages, you will be able to navigate within that component to retrieve additional detail. Due to the numerous links within eBenefits, a separate user guide retrieve additional detail. Due to the numerous links within eBenefits, a separate user guide is attached.is attached.

Online: E-TimecardsOnline: E-Timecards

Online: E-Timecards Online: E-Timecards (cont..)(cont..)

Online: Management ReportingOnline: Management Reporting

Sample Reports Include:Sample Reports Include:

• Aged Trial BalanceAged Trial Balance

• Invoice RegisterInvoice Register

• Payroll RegisterPayroll Register

• Sales CopiesSales Copies

Online: Management Reporting Online: Management Reporting (cont..)(cont..)

• Reports can be exported in to an Excel or Text file Reports can be exported in to an Excel or Text file

• Keyword Search Tool allows querying of dataKeyword Search Tool allows querying of data

ConclusionConclusion

• Unmatched Experience and Expertise

• Outsourced Administration

• Proven Technology and Reporting Platform

• Customer Service

• Value for Money

Thank You! Thank You!

We Welcome Your We Welcome Your Questions!Questions!

CONTACT:CONTACT:

Scott SchniererScott Schnierer

COMFORCECOMFORCE

40 East Midland Ave.40 East Midland Ave.Paramus, NJ 07652Paramus, NJ 07652

Ph: 201-599-9100Ph: 201-599-9100

Fax: 201-599-1947Fax: 201-599-1947

Scott@COMFORCEstaffing.comScott@COMFORCEstaffing.com

www.COMFORCEstaffing.com