If you're not currently receiving or using online pay stubs, then you're missing out on several benefits over traditional printed pay stubs. Walmart, the University of Delaware and Idaho state employees are already enjoying the many benefits of having online paystubs.
Anytime, Anywhere Access
If you have access to an online pay stub, then gone are the days when you have to sort through a box of letters or dig through a pile of paper to retrieve a pay stub from the past. All you have to do is log on to your pay stub portal and you can print out a copy of your pay stub from any location. Maybe you just need to verify overtime hours worked or the paid time off you have remaining. With an online pay stub, you can access this information from a mobile phone, personal digital assistant or any device with Internet access -- without having a physical pay stub in front of you.
If you're an employer, then online pay stubs will save your business money. No longer will you have to print physical pay stubs or mail them out to employees. Whatever you were used to spending on printed physical pay stubs becomes an expense of the past. Additionally, the return on investment of implementing an online pay stub solution is virtually immediate. You'll instantly eliminate any time that was spent on preparing and delivering paper pay stubs.
Human resources administrators will love the fact that an online pay stub may be significantly more customizable than its paper counterpart. You may select from a range of colors and designs, and brand the pay stubs in a way that may have been cost prohibitive if doing it in print. Online pay stubs allow you to share more with employees and even provide them with companywide messages and alerts in a timely fashion.
A survey by the American Payroll Association showed that 62 percent of those polled preferred an online pay stub over a printed pay stub. And according to the Electronic Payments Association, three out of four employees who are offered direct deposit use it, and of those three employees, their satisfaction rate is 97 percent. So, if you want to implement a change that could have a positive impact on the environment, your bottom line and the happiness of your employees, then you may want to consider implementing an online pay stub solution.