Despite the benefits of direct deposit, some workers are still wary of signing up for the pay option. These are the employees you want to work on right now.
Why? The beginning of a new year is typically when even the most reluctant staffers are receptive to change.
To help boost participation, pass along these facts about direct deposit to skeptical workers:
- They get their money faster. Employees enrolled in direct deposit get their checks in their accounts faster — usually around 12 hours faster. That’s a very convincing point for employees who are living paycheck to paycheck.
- They get to save without thinking about it. Many employees want to put money aside, but simply don’t have the discipline to do it themselves. With direct deposit, employees can elect to automatically put a set amount of money into a savings account each pay period.
To convince its employees direct deposit was a smart idea, a southeastern manufacturing company presented it’s workers with real-life examples of how the system would benefit them personally.
Example: During a hurricane in the area, some of its employees weren’t able to get their paper checks on time — and direct deposit would prevent that problem from happening again.
What are some ways you convinced employees to switch to direct deposit? Let us know in the Comments Box below.