With the technology advancements in electronic employee management software many companies have migrated to online pay stubs instead of mailing or handing out paper pay stubs. They may email a pay stub notification to each employee or have a secure log on set up for each employee to sign on and view their pay stub at their own time.
Electronic Pay stub (ePS) is an electronically distributed employee pay statement that replaces both the paper statements and the yearly benefit statement. In addition to providing current pay period information, Pay stub net also archives a 90-day history of employees' prior pay statements for easy access and retrieval. You may view your current pay stub on your scheduled pay date and direct deposit delivery to the bank. Always remember to verify your deposit information with your bank. Benefit statements are published at the beginning of the calendar year and are available for 90 days.
The electronic Pay Stub is a secure, easy-to-use Web-based tool that empowers employees to view their current and/or past pay stubs anywhere, anytime from Internet-enabled computers. With ePS, your company will realize a 50% or greater cost savings, versus that of traditional paper based systems.
ePS is the next logical step toward paperless employee management. Electronic pay stubs are an acceptable method of providing payroll information to employees. They also have widespread acceptance, averaging an 80% participation rate when offered by employers. Electronic pay stubs significantly reduce operating expenses related to printing and delivering payroll stubs, while enhancing the direct deposit services that your company already proves employees.
• Eliminating paper cost i.e., forms, envelopes and
other paper goods
• Reducing printing cost of the pay stubs, envelopes, etc.
• Reducing postage to mail the pay stubs
• Reducing time and costs required to reproduce
lost pay stubs
• Minimizing time expended by payroll and administrative personnel
to manage pay stub activities
