“Still cutting old-fashioned paychecks? Payroll debit cards offer a cheaper, more convenient alternative
By: Nicole Gull
If Glen Sofo has his druthers, paper paychecks will soon go the way of the time-clock punch card. Dispensing weekly paychecks has always been a hassle for Sofo, controller of Pomerantz Staffing Services, which supplies thousands of clerical and industrial temps nationwide. On several occasions, mail snafus have prevented hundreds of temps from receiving their checks on time. ‘In our business, people aren’t happy unless they are getting paid,’ he says. ‘We have to keep them happy.'”
– Personally, I wouldn’t like not having my money in my bank account. That being said this article does note that a lot of people do not have checking/savings accounts. If your employees fall into this category then this might make good sense for you. If most of your employees have their own accounts this seems like it would be a difficult sell. Maybe the 10% participation is worth it with the saving you will receive. -ed.