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Reasons Why Paperless Payroll is a Great Deal
Technological advancement has been embraced by many people today and it’s bringing in important changes. This technology has changed the ancient methods of printing pay stubs for employees. There have been a lot of developments and most agencies are now using the paperless payroll ways. Research showed that paper and cardboard generate about 67 million tons of waste every year. This is mainly because there is minimal recycling of paper documents as they are often thrown into the trush. If your agency is ready to assist in keeping the planet alive, it should embrace the paperless payrolls. Read more here and find out the major benefits of paperless payrolls.
In every agency, the human resource team has a very demanding job and often rush to stay on too of everything. They need some help in terms of the method of pay stubs and your company should change to the new format, paperless. The electronic method ensures that payday documentations are produced with a click of a button. This is done with the use of ready template and it saves a lot of time. The long time methods of printing everything out, putting them in an envelope and sending them to staff will be forgotten. This paperless format will streamline things up in the human resource department and there will be more time for the team to focus on other tasks.
Lots of papers cause pollution to the environment. The various departments in your agency produces lots of paper waste that aren’t recycled and they are disposed off improperly, polluting the environment. When you switch to paperless methods, your agency will be helping save the environment. The old way of giving out paper parolls can fill the environment with waste papers. As you will discover more, going paperless will cut on the company’s paper use and hence reducing the total waste each year. This is the best time for your agency to move to paperless formats.
Using the paperless method is a sure way of saving money. It’s easy and very cheap to send payslips via mails. Your agency will be saving lots of cash with this method. Companies that use printing stub method will have to spend a lot of money on papers, envelopes, printing ink and even hired employees. Your company won’t have to spend all these if you go the paperless method. Additionally, using the paperless method ensures that the whole thing will be more secure. Pay stubs have private and valuable information that shouldn’t be shared with many people. Should the pay stubs of employees get misplaced, this can lead to hacking and more problems. Paperless format is very secure and there won’t be such problems.