Paperless Payroll for the Unbanked

The unbanked -- the 8 million or so U.S. employees who for one reason or another can't maintain a bank account can still be included in this "green" revolution of ours and are an important part of our Paperless Staffing Initiative. And, it ends up saving employers money too! Staffing agencies are undoubtedly the employer of record for a disproportionately high figure of these unbanked workers, although I don't have any fancy facts to support that claim as I write this. So it would go to reason that staffing agencies also have the most to gain by transitioning their employees without direct deposit to a paycard system or stored value card.

Now I am not going to go into detail about how the whole pay card system works, but I do want to highlight a handful of the reasons why you should adopt a paycard system if you haven't already, and get you to do some research on this on your own:

• Provide a benefit to your employees that will keep them from jumping ship to a competitor.
• Save approximately $175/employee every year in administrative costs.
• Save the environment: more than just avoiding paper checks, but also eliminating delivery costs and greenhouse gas emissions.
• Get brand name recognition with custom-branded paycards -- your employees advertise for you.
• Eliminate paper nightmares such as check stub reprints (which can be done with WebCenter online), lost/stolen checks, toner, check stock, mis-numbered checks, etc.
  
• Prevent check fraud. Reduce the need for Positive Pay file processing.

Take a few minutes to explore your options... Happy googling.