Your employees are using an ATM and chances are they are spending a great deal of their paycheck on fees to obtain cash. Many HR professionals recognize this and that’s why having an ATM in the building to give their staff easy access to cash — surcharge-free — is becoming one of the hottest new employees benefits being offered by employers.
Give Your Paycard Employees More Money…Without Spending a Fortune
As Millennials begins dominating the workforce, many employers are faced with the dilemma of finding ways to pay them. Where many in older generations enjoyed the benefits of direct deposit, a lack of bank accounts for younger workers has resulted in a surge of payments by check. It is for exactly these reasons that many businesses turned to payroll cards.
3 Tips to Helping Employees Deal with Financial Crisis
Nearly half of Americans (46%) would struggle to cover an emergency expense costing $400, according to the May 2016 “Report on the Economic Well-Being of U.S. Households in 2015” from the Federal Reserve Board. When faced with a $400 bill, a large number of respondents reported they would either need to sell something or borrow money to cover the expense.