In most companies, it is customary to pay employees via direct deposit. Other companies still pay employees with a paper check. But, there is a third option to consider: payroll cards. Payroll cards are reloadable prepaid cards that allow an employer to load wages or salary directly onto a card for an employee’s use. Employees using payroll cards can spend, withdraw or spend the money on their card, just like a debit card.
Small businesses are the backbone of economic growth in the United States. For these businesses, payroll may be a headache – the resources, legalities, and red tape can be difficult to navigate. New business owners typically start their companies out of a passion for their business, but without proper help end up drowning in administrative tasks.
PEOs can help take care of many of these menial tasks, providing payroll management, among other services.
When determining whether to hire an HR specialist or outsource a PEO, there are a lot of variables to consider, and every company’s needs are unique.
lacking benefits package. Even when salary expectations can be met, oftentimes benefits leave much to be desired for the prospective hire. Many people looking for worksite benefits as a major draw for the companies they are looking to work with. These ten benefits are what we consider to be the non-negotiables to recruit (and maintain) the best talent in your industry.
In most companies, it is customary to pay employees via direct deposit. Other companies still pay employees with a paper check. But, there is a third option to consider: payroll cards. Payroll cards are reloadable prepaid cards that allow an employer to load wages or salary directly onto a card for an employee’s use. Employees using payroll cards can spend, withdraw or spend the money on their card, just like a debit card.
For Immediate Release
Tampa, FL – Efficient Payment Solutions (EPS) is bringing a new level of performance, efficiency, and cost-effectiveness to the payments industry for banks and credit unions and their commercial accounts. By leveraging EPS’ partner’s decades-long payments experience, EPS provides a single vendor relationship to banks, credit unions, and businesses which encompasses multiple payments solutions, including ACH, Merchant Card Processing, Payroll Processing, PEO services, and Payroll Cards.
