station casinos paperless pay employer code

Many employers also have difficulty delivering wages during inclement weather or natural disasters. This can be difficult, if not impossible, when terminations are unexpected. For example, several states require employers to pay final wages immediately upon termination.

Paperless pay also eases compliance with strict wage payment statutes. Agency officials also estimate that it costs $8 to $10 to replace a lost or stolen paycheck and that approximately 4 million paychecks are lost or stolen each year. The Comptroller of the Currency estimates that employers can save approximately $2 per paycheck when they pay employees electronically. Paperless pay eliminates expenses associated with printing, processing and delivering paper paychecks. For employers, the benefits are largely financial and administrative.

Offering employees a choice between direct deposit and payroll cards can resolve these issues because every employee can participate.Įmployers and employees both benefit significantly from paperless wage payment. Because 'unbanked' workers tend to come from protected minority groups, wage payment programs requiring direct deposit may run afoul of federal and state anti-discrimination statutes. Moreover, a surprisingly large number of employees do not have savings or checking accounts. A payroll card is a prepaid, reloadable card issued by a national or regional bank on behalf of an employer.Īlthough most employers would like to compensate employees using direct deposit alone, many states prohibit mandatory deposit directly into an employee’s personal bank account. Paperless wage payment eliminates traditional paper paychecks by giving employees the choice of receiving wages by direct deposit or payroll cards. One way to achieve this goal benefits employees, employers and the environment: paperless wage payment. In a turbulent economy, employers are looking for ways to cut costs without reducing their workforces.

Station casinos paperless pay employer code