payroll

Payroll Cards: The Other Payroll Option

Payroll Cards: The Other Payroll Option

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.

How Does a PEO Handle Payroll?

How Does a PEO Handle Payroll?

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.

What is a PEO

What is a PEO

PEO stands for Professional Employer Organization. PEOs work with businesses to help them manage Human Resources functions that may otherwise take up too many resources in headcount, hours, or payroll. Some of these benefits can include payroll and payroll taxes, employee benefits, and compliance support.

Benefits of Payroll Cards

Benefits of Payroll Cards

Paying employees by check is time-consuming and laborious. Payroll cards offer a less time-intensive option than traditional paper checks, with lower risk and less paperwork. Additionally, payroll cards often represent cost savings to the business over traditional paper checks.