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.
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