Do you have a small business with fewer than 100 employees? Are you looking for a way to generate a paperless check stub? If so, it is time to consider using an online payroll program. These programs not only provide benefits for the employer but also for employees.
This article will go through some of those advantages and show why your business should be taking advantage of them as soon as possible.
Online Payroll Programs Are More Cost-Effective Than Paper Checks
Online payroll programs are more cost-effective than paper checks, and they’re also more secure. With a paper check, you have to worry about lost or stolen checks, whereas with an online payroll program, your employees’ paychecks are deposited directly into their bank accounts.
This eliminates the need for your employees to cash their checks, saving them time and money. With an online payroll program, you also don’t have to worry about paying for printer ink or paper to print out your employee’s paychecks.
Online Payroll Programs Can Be Customized to Suit Your Company’s Needs
It is also essential to note that an online payroll program can be customized to suit your company’s needs. This is something that an in-house payroll department will not have the ability to do, as they are limited by their own set of rules and regulations regarding how things need to be done.
Most online payroll programs allow you to choose and select what information is included in your paystubs. For example, some companies want their employees’ social security numbers on the pay stubs, while others do not feel this need is important enough for inclusion.
Your Employees Will Enjoy the Convenience
You should also consider utilizing an online payroll program to provide your employees with the convenience they crave. Using an online payroll program allows your employees to access their pay stubs, W2 forms, and other tax information from any computer or mobile device with internet access. This eliminates the need to drive to your office or wait in line to pick up their paychecks.
As paychecks will be deposited directly into your employees’ bank accounts, they won’t have to worry about carrying cash or cashing their checks at a check-cashing facility. This will also save them money in parking fees and other associated costs of physically picking up the payment.
As an added benefit, using online payroll software can increase employee productivity because it eliminates the need for your employees to take time off from work to handle their payroll-related tasks.
An online payroll program can provide several benefits for you and your employees. Using an online payroll program can save you time and money. At the same time, your employees will enjoy the convenience of having access to their pay information from any computer or mobile device with internet access.