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Electronic Pay Stub Solution
Chx Stub virtually eliminates the printing, postage and management costs of paper-based pay stubs!According to NACHA (Electronic Payment Association), it costs $1.90 to process a paper payroll check with about the same cost to print the pay stub. Even if a company only spends 14 cents (according to NACHA) per employee for direct deposit, the cost to print the pay stub is still about a $1.90!
For just a fraction of that cost, Chx Stub allows employers to generate a secure, password protected electronic pay stub and notify their employees via email.
Employer Benefits
Eliminates cost of printing pay stubs Eliminates cost of mailing pay stubs Electronic distribution of pay stubs saves time Eliminates need to reproduce lost pay stubs According to NACHA, it costs $49.90 to print pay stubs for one employee 26 times a year. For a company with 2000 employees paid 26 times a year this translates into nearly $100,000 per year. Even though costs vary, these numbers do not take into account storage costs, postage, overnight shipping, etc. To learn how you can cut these costs, contact us.
Employee Benefits
Employees can easily access their pay information from any computer with a browser and Internet connection
Employee pay history is available, beginning with the first Chx Stub payroll Easy for employees to provide pay stub information to third parties, such as accountants, mortgage lenders, and other agencies requiring pay verification If you would like to learn how Chx Stub can reduce your payroll processing costs while providing a valuable service to your employees, click here.
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