What better way to go green and streamline your payment method than with a paperless pay stub? For most business owners, paperless pay stubs are a convenient, time-saving option for paying their employees.

If you’re on the fence about whether or not to make the transition to a paperless pay stub, be sure to explore our blog post. In this post, we will explore some of the top reasons employers are making the switch to paperless pay stubs.

1. Reliability

With paperless pay stubs, also known as direct deposit, employers have more control over their payroll process. Your employees can access their pay stub and receive their payment on time regardless of the date. For instance, with paperless-pay stubs, you can pay your employees on a Friday if their pay period falls on a weekend.

Employees can receive their payroll on time, no matter the circumstances. This is convenient for not only the employer but the employees as well. 

2. Saves Money

When compared to direct deposit, producing paper pay stubs may cost your business more money. According to NACHA, on average, a business spends $2 to produce a paper check and 35 cents or less to produce paperless pay stubs. 

Whether you are a small business owner or part of a large corporation, finding ways to cut cost and benefit your employees 

3. Safety

In this day in age, checks still need to be passed around before they are deposited into an account. With direct deposit, you can eliminate the number of times they are passed around, which makes it more secure for the employee. In addition, their check is deposited directly into their bank account, which can save your employees time.

To get started, you may want to consider Paystubcreator.net to learn more about generating a paperless pay stub.

How To Get Your Employees On Board

If your company offer checks and direct deposit, you may want to find ways to encourage your employees to make the switch to direct deposit. 

Try working with your HR department to create a document listing the benefits of direct deposit. When employees are educated on the benefits of direct deposit, they are more likely to make the switch.

The benefits of direct deposit for employees include:

• Reduces the risk of fraud
• Timely and reliable payment dates
• Pay stubs are available online
• Eliminates trips to the bank
• Payments can be split into different accounts
• No extra cost for the convenience of direct deposit
• No need to wait for a check to clear
• Money is available as soon as it enters your account

Is a Paperless Pay Stub Right For Your Company?

Do you want to make the switch from a paper pay stub to a paperless pay stub? If so, explore the benefits of direct deposit for your company and determine it is right for you.

Be sure to check out some of our other business-related articles to learn more about improving your business.