| Flexibility of check distribution An employer is able to provide convenience to its employees by offering both direct deposit and paper checks. This flexibility offers convenience not only to the employer, but to its employees as well. While today there are very few that still collect a paper check to take to the bank to cash, there are still some that are not secure with someone having access to their personal checking or savings account. Because we can understand their right to keep that personal information to themselves, paper checks are still made available to employees. Those who choose direct deposit may do so by utilizing authorization forms which allow the employer to deposit the employee’s weekly or bi-weekly check into his / her account. Direct deposit provides not only the convenience of saving a trip to the bank but in most cases, the funds are transferred at midnight, making them available sooner than when a check is deposited and awaiting bank clearance. Online payroll is able to easily make these secure transfers. A new option that some employers are using is pay cards. This convenient plan allows the employee’s pay to be loaded directly on a debit-type card which they can use as a credit card to pay bills or make purchases. By offering choices, the employer does not have to hassle with separate check printing and money transfers. This is conveniently performed quickly and automatically by online payroll companies. In addition to assisting employers calculate regular wages, payroll companies are able to help set up commission and various pay structures according to the needs of the client’s business. |