DCR’s Top 5 Payroll Articles To Celebrate National Payroll Week

payroll

National Payroll Week is officially here!

Now in its 23rd year, the Canadian Payroll Association’s largest annual public relations initiative celebrates Canada’s payroll professionals who are responsible for ensuring that $928 billion in annual wages and taxable benefits get paid to employees.

With half of Canadians living paycheque to paycheque, it is critical that people are paid accurately and on time. A great way to do this is through prepaid payroll programs. Check out our list below for five of our top articles that showcase the advantages of using prepaid cards to pay employees.

Direct Deposit VS. Payroll Prepaid Cards: What’s the Difference?
“Providing an efficient and reliable payment method to employees is an important part of every business. The relationship between your employees and your business is connected by the exchange of their work for your monetary compensation. Therefore, employees want the most convenient and efficient payment method available, which is why electronic payments are the go-to option for most employees.”

What Are Millennials Looking For With Payments Cards?
“Millennials are the largest demographic in the U.S. workforce. Thirty-seven percent of all millennials feel it would be valuable to have their pay loaded on a paycard each payday, which amounts to over 29 million millennials in the U.S. So what is it about prepaid payroll cards that is so appealing to millennials?”

Cheques Are An Expensive Burden On Your Business
“Running a successful business comes down to keeping expenses low, profits high, meeting deadlines, and having happy employees (which, in turn, leads to happy consumers). One of the biggest ways to meet all of these goals is by getting rid of your cheque-based payment system.”

Are Open-Loop Prepaid Cards The Right Move For Your Business? We Answer All of Your Questions
“Is your company looking to launch a new prepaid program? If so, you might have some questions. DCR Strategies Inc. is a world leader in the prepaid card and loyalty market. We strive to offer the most innovative prepaid and loyalty solutions for all types of business. Check out our questions and answers here, and contact us to find out how you can get a customized”

4 Reasons Why Your Business Needs To Switch From Cheques To Prepaid
“Paying an employee by cheque can sometimes take days, leaving them short on funds and short on patience. Even worse, some banks will place holds on cheques, limiting the employee to only a portion of their hard-earned wages. This becomes an even bigger issue when dealing with employees who work on the other side of the country or world, work freelance, or are unbanked. Payments can be sent out to prepaid cards in minutes, and payments can be made as often as required. Employees can then use the funds to make online purchases, or anywhere that credit cards are accepted, unlike traditional banking or cash-based systems. Prepaid users can also share money with secondary cardholders or send money for a low cost.”