Subtle tricks to get more employees signed up for direct deposit
Convincing the holdouts isn’t easy. Here are a few road-tested ideas you might not have tried.
You know it’s good for them (and your company) to electronically deposit pay directly into employees’ bank accounts. Not every employee agrees.
No doubt you’ve made efforts to get more folks signed on. But these are the best-of-the-best, according to payroll experts:
- Put enrollment forms in with the holdouts’ paychecks. That’s the No. 1 way to get more people enrolled.
- Show ’em money lost. Find out where employees cash their checks. Then you could quantify for them, in dollars and cents, how much they have to spend in gas, check-cashing charges, time, etc., just to get their money.
- Make enrollment forms a must-return. Employees may choose not to sign up, but make it a requirement they tell you that. If they have to turn in a form saying they’ll pass on direct deposit, you’ll have a captive audience for one more pitch.
- Share on
Free Training & Resources
Webinars
Provided by Yooz
Webinars
Provided by Yooz
White Papers
Provided by Anaplan
Further Reading
The IRS has updated its specs for e-filing Form 1099. If you’re using any independent contractors, you’ll need this info as you...
What’s contained in the federal budget proposal for FY 2024? For one thing, certain businesses would pay a higher income tax rate und...
The standard for determining who’s a joint employer has changed, due to a final rule from the National Labor Relations Board (NLRB). ...
The Department of Labor’s independent contractor (IC) rule that went into effect on March 11 is forcing many businesses to triple-che...
Late payroll-tax deposits will be more expensive, effective July 1. The IRS set the interest rate on tax underpayments at 7% for Q3, up ...
For companies allowing health savings account (HSA) contributions via payroll deductions, a recent IRS announcement contains important info...
