Comments on: Study: More employees want direct deposit http://www.hrtechnews.com/study-more-employees-want-direct-deposit/ HRMS, Internet Monitoring, Payroll Software, Time and Attendance, and more Thu, 04 Aug 2011 15:58:56 +0000 hourly 1 http://wordpress.org/?v=abc By: Alesia http://www.hrtechnews.com/study-more-employees-want-direct-deposit/comment-page-1/#comment-7896 Alesia Tue, 14 Apr 2009 21:15:38 +0000 http://www.hrtechnews.com/?p=1167#comment-7896 We've been offering direct deposit for our office staff for a number of years, but have been unable to offer it for our union 'field' employees due to time constraints and resistance from our payroll clerk. For the payroll department, it means extra steps each week; uploading an ACH file, two print jobs instead of one (one for checks & another for direct deposit stubs), and then assimilating these into one pile for envelope stuffing. This is in addition to maintaining the records to accommodate direct deposit. The only cost savings I've seen is reconciling cash management accounts is easier because you have a lump sum rather than individual pay checks. I can see that it would be a cost savings if we required all employees to direct deposit, but that's never going to happen in our environment. Am I missing something? We’ve been offering direct deposit for our office staff for a number of years, but have been unable to offer it for our union ‘field’ employees due to time constraints and resistance from our payroll clerk. For the payroll department, it means extra steps each week; uploading an ACH file, two print jobs instead of one (one for checks & another for direct deposit stubs), and then assimilating these into one pile for envelope stuffing. This is in addition to maintaining the records to accommodate direct deposit.

The only cost savings I’ve seen is reconciling cash management accounts is easier because you have a lump sum rather than individual pay checks. I can see that it would be a cost savings if we required all employees to direct deposit, but that’s never going to happen in our environment.

Am I missing something?

]]> By: NEM http://www.hrtechnews.com/study-more-employees-want-direct-deposit/comment-page-1/#comment-7890 NEM Tue, 14 Apr 2009 19:59:49 +0000 http://www.hrtechnews.com/?p=1167#comment-7890 Our company requires direct deposit. Employees love it. There is no stub sent out because co-workers can look up their paycheck history and review stubs at any time through a secure system. We offer kiosks inhouse for co-workers who may not have access to a computer at home. Being a manufacturing facility, not everyone is computer savvy, but there is an HR person available to help (me). My experience is that once I have worked with them a few times & walked them through the process, they tend to want to do it for themselves. It took several months for those who were technophobic to convert, but now that they're used to it, they love having their own access any time they want it. Our company requires direct deposit. Employees love it. There is no stub sent out because co-workers can look up their paycheck history and review stubs at any time through a secure system. We offer kiosks inhouse for co-workers who may not have access to a computer at home. Being a manufacturing facility, not everyone is computer savvy, but there is an HR person available to help (me). My experience is that once I have worked with them a few times & walked them through the process, they tend to want to do it for themselves. It took several months for those who were technophobic to convert, but now that they’re used to it, they love having their own access any time they want it.

]]> By: Mar http://www.hrtechnews.com/study-more-employees-want-direct-deposit/comment-page-1/#comment-7883 Mar Tue, 14 Apr 2009 18:55:27 +0000 http://www.hrtechnews.com/?p=1167#comment-7883 I fully support Direct Deposit - but you have to keep in mind that unless you go to a paperless system you are still creating waste water, creating greenhouse gasses and you are NOT saving any paper. Most employees who have direct deposit still get a paper paystub. I fully support Direct Deposit – but you have to keep in mind that unless you go to a paperless system you are still creating waste water, creating greenhouse gasses and you are NOT saving any paper. Most employees who have direct deposit still get a paper paystub.

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