How much does it cost you to pay your employees?
Whether your company is instituting a salary freeze or not, it still costs you money every time you pay employees for the work they do for you.
But is your company keeping payroll processing costs in line with what your peers are spending?
Compare your payroll costs against these most recent averages for both paper and electronic employee payments:
Again, these figures scream the case for direct deposit.
Note: Paycards are considered a comparable cost to direct deposit, and they work around the problem of unbanked employees. That’s one less excuse to keep people from making the switch.
- Share on
Free Training & Resources
White Papers
Provided by Personify Health
Further Reading
After President Biden issued an executive order saying all federal departments and agencies would be closed on Jan. 9, 2025, employers wond...
Among the many provisions of the Secure 2.0 Act, several deal with the paperwork responsibilities that fall on retirement plans. The Sec...
The IRS has started rolling out guidance on the One Big Beautiful Bill Act, which contains the no-tax-on-overtime provision and much more. ...
The Secure 2.0 Act of 2022 brought big retirement plan changes. But in spots, the wording wasn’t clear, leading to uncertainty among ...
When IRS reduced the electronic filing threshold, the change impacted a long list of information returns. Now, the list of forms to e-file ...
Missed payroll is more than a cash flow problem – it’s a federal wage violation. A Newport Beach construction contractor learned th...
