Paperless payroll is, as the name implies, a paper-free (digital) payroll fulfillment process that has gained a massive amount of popularity in recent years – which was accelerated by the pandemic. There are tons of benefits to switching away from the traditional payroll process – benefits which we’ll list below! Keep reading…
The Benefits Of Paperless Payroll
Paperless payroll is a fantastic solution for employers that are looking for a more streamlined payroll process. This method of payroll provides the following benefits:
- Self Service – Paperless payroll allows your employees to access their individual payroll information online at a whim. They can pull paystubs, submit time off requests, change their address, and monitor their hours worked per each pay cycle… all digitally! This translates to a ton of time saved for your HR department… or you!
- Eco-Friendly, Cost-Friendly, Efficient – The American Payroll Association indicates a major motivation for employers is plain financial sense. Traditional payroll is a time-intensive, paper consuming process. All that paper, ink, stationary, stamps, etc. required to print print and mail paychecks cuts into your bottom line… not to mention your time.
- Electronic Records – Paperless payroll is all digital, meaning you can store the files on your computer or in the cloud for easy access and reference
- Easy Compliance – Digital payroll solutions automatically calculate wages, deductions, and every other intricacy at the click of a few buttons. If you’re still doing traditional payroll, this won’t come as news to you… but man, does that math make your head hurt after a while. Not to mention, a slipup can result in a concerned employee at best, and potential legal issues at worst. Paperless payroll increases your speed and accuracy when filing payroll. Everyone wins!
As you can see, paperless payroll offers a streamlined and efficient alternative to traditional payroll. Each and every one of our clients that have made the switch have been ecstatic with it – and have been left wondering why they didn’t do it sooner.
We Offer Paperless Payroll Solutions at Capital Payroll!
If you’re ready to make the switch, we can help. We have custom-built paperless payroll solutions for your business, and we’re able to offer extensive support during the transition and long term.
Let’s get the process started! You’ll be happy you did. Call us at (804) 364-7220 or use the form below to get in touch. We look forward to speaking to you.