MISSION, KS--(Marketwired - Nov 7, 2013) - (Family Features) With all the twists and turns life can throw at you, having fast and easy access to money is a necessity for everyone. With this in mind, many employers are turning to the more efficient payroll option of electronic pay. With electronic wage disbursement methods, such as direct deposit and payroll cards, not only do employees benefit, but companies large and small also see increased efficiencies and significant savings.
Benefits for employees
From avoiding the hassle of cashing paychecks to easier budgeting, employees electing electronic pay reap immediate rewards. For the same reasons some employees choose to receive their wages by direct deposit, many employees choose to be paid by payroll card, a reloadable prepaid card offered by an employer for its employees to receive their wages electronically. Like direct deposit, payroll cards are a form of electronic payment that serve as an alternative to paper paychecks. Each payday, employees' net wages are deposited directly into the payroll card account. Employees then use the card anywhere a debit card is accepted to buy things, get cash and pay bills. Employees benefit in the following ways:
Payroll card benefits for companies
From significant savings to increased efficiencies during each payroll, employers who offer payroll cards enhance their work environment in the following ways:
With these efficient options for payroll, employees and employers alike save on the two valuable resources everyone wishes they had more of -- time and money.
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