A SHRM Study was recently published on the ‘Green Workplace’, which they define as ‘a workplace that is environmentally sensitive, resource efficient & socially responsible. The key findings:
The benefits of getting every employee on an electronic payroll program can be significant — decreased paperwork and expense, reduced chance of lost or stolen funds and happier employees who have faster and easier access to their money.
In the past, with direct deposit alone, few employers could reach this level of efficiency. A common impediment, many found, was employees without bank accounts. Currently, an estimated 13 percent of American households are “unbanked.” (1) However, according to Scott Wisdom, Ceridian product manager, many other factors can also come into play.
“Some long-term employees are unwilling to give up their paper checks and go on direct deposit, even if they have bank accounts,” he explained. “In surveys, we hear many reasons. For example, some want to keep their salary information from other members of their household, and some like the feel of receiving their pay and holding it in their hands. And, no matter what the reasoning, employers are justifiably reluctant to take an aggressive stance and force employees to change.”
A second paperless electronic option
Ceridian offers another alternative that can help employers bring more of their people, banked and unbanked alike, into an electronic payroll solution: Ceridian PayCard.
With Ceridian PayCard, each employee on the program receives a personal, Visa®-branded stored value card that works like a bank debit card. Every pay period, funds are automatically deposited into the paycard account, giving employees instant access to their money. The card is “loaded” by the funds in the account, so, unlike a gift card, it has no value of its own. Users can withdraw cash from any ATM or pay any merchant that accepts Visa debit cards.
“Think of paycards as creating a virtual bank account, one that every employee can have, even if they are not eligible for a traditional bank account,” noted Wisdom. “And, for those who do have bank accounts and are avoiding direct deposit for other reasons, a paycard solution still gives them hands-on personal control of their funds, eliminating some of the reasons for not finally evolving from paper checks.”
The benefits to employees of using paycards are similar to those of using direct deposit: no more waiting in bank lines, no more waiting to receive checks or for them to clear, and less handling of cash. In fact, for employees who don’t have bank accounts and live in an “all cash world,” the benefits of the paycard option can be especially significant
Save Energy with SaaS (Software-as-a-Service)
Applications which run in a shared services environment are more ‘energy-efficient’ than on-premise software and servers-which results in a smaller carbon footprint. With Ceridian, for example, our clients join over 100,000 other organizations in helping reduce carbon emissions instead of powering more servers.
Reduce Paper Waste
Every paper-based time-card, paystatement & unnecessary printed report means one more eventual piece of paper in our landfills. Save your client’s organization money (and the trees!) by automating the process by which client’s collect and distribute employee HR, Payroll & Benefits information and offering the information on-line.
Gain Access to On-Line Technology for Recruiting, Employee Self Service and Human Capital Management
With the power of web-based technology, your client’s organization can reduce the paper necessary to communicate with your employees, increase the availability of information, and increase the productivity and efficiency within your HR/Payroll department.
Ceridian can offer your client access to the latest web-based technology for Employee & Manager Self Service, Human Capital Management, Benefits, Time & Labor management and Payroll.
