However, with a full-service provider such as Accuchex, you have additional options for outsourcing as well. This can be simply outsourcing one process such as payroll.
#Estub paperless payroll software
Save time, save money, save the planetĪnd while investing in the best available paperless payroll software for your payroll processes is a viable option, another direction you might consider is outsourcing. While eliminating all paper may still be impractical for now, a large and significant reduction in paper use and waste paper accumulation can be had with a green payroll system. still receive paper copies of their annual Form W-2s. That is equivalent to almost two billion paper check stubs annually. In addition, over 74 percent of employees in the U.S. Reduce Paper WasteĪccording to the APA survey, over 40 percent of American wage earners still receive a paper pay stub.
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And having an online paycheck system along with online reports also means no lost records. In addition, an online system will provide your employees the peace of mind and convenience of viewing their pay stubs securely and at home. If a pay stub doesn't exist it can't be lost or copied. Eliminating paper pay stubs can drastically minimize the potential of sensitive information being at risk. The threat of identity theft and cyber theft of businesses is an ongoing reality. Security is a critical concern for businesses and individuals. “Organizations are scrambling to react to the demand for mobile-friendly solutions to everything, as employees get more and more attached to their digital tethers,” according to a white paper from TalentWise, a recruitment technology company. In addition, over 24 percent of survey respondents who still receive paper checks say they regularly use smart phones to deposit those paychecks. Most of these new uses have been in payroll and recruiting, as well as performance management, and employee development functions. 3. Mobile Access to Pay StubsĪccording to the ACA's surveys, HR professionals have been moving to mobile-enabled processes by over 75 percent since 2012. Accuracy, speed, security and convenience all add up to time and cost savings. This can be accomplished through the implementation of a paperless payroll solution. While it is true the payroll management and HR functions in general do not generate revenue, they can certainly add significantly to your business's bottom line with reduced expenses and lower personnel costs. 2. Increased Efficiency in the Payroll Process Employees overwhelming prefer this direct access and the flexibility of the cross-platform useability. The same survey revealed that over 49 percent of employees access the portals from a desktop computer, another 25 percent use a laptop computer, while over 7 percent access them from a smart phone. Employee Access Through an Online PortalĪ recent survey from the American Payroll Association (APA), 2014 Getting Paid in America, found that over 8 in 10 employed Americans have access to pay and benefits information from an employee self-service portal. With in-house or cloud-based technology, you can streamline and improve your payroll process.
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There are many good reasons to opt for a green, paperless payroll process and we have highlighted five of them here:ġ. In fact, a majority of employees prefer to receive their check stubs and pay information electronically.ĭone right, implementing a paperless payroll process is a win-win for everyone. Adopting an online portal system for your employees also eliminates most of the paper being used. One way of accomplishing this is with a paperless payroll process, also known as green payroll.Įliminating time cards or time sheets, physical paychecks, and paper pay stubs can be huge steps towards a paperless payroll process. If yours is like most businesses, you are looking for ways to “go green", cut costs, and maintain the security of your company's data.