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What is your 30-day workforce management plan?

As you start to plan for the weeks and months ahead, we would like to help by offering a complimentary Workforce Realignment Feedback Session with our HCM Analytics team.

During this session, our HCM Analytics team will:

  • Discuss your current plans for workforce changes to manage the next 30 to 90 days and provide feedback on potential risks and opportunities
  • Identify targeted areas where you could potentially reduce your labor costs while minimizing long-term damage
  • Suggest key metrics for you to track so you can forecast labor costs better and make earlier interventions

Request your complimentary Workforce Realignment Feedback Session with our HCM Analytics Team.

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Proposed Regulations Attempt to Standardize How Employers Use Pay Cards to Pay Employees

proposed pay card regulationsAccording to Forbes, in 2013, pay cards were used to pay 5.8 million American workers1. And that number has only increased in the last couple of years. This large adoption of pay cards can be attributed to significant cost savings for employers. Eliminating the cost of paper checks can save an employer around $2.00 per employee check, on average, which can add up to millions of dollars.

While pay cards offer numerous benefits to employees  as well as the employer, the New York State Attorney General’s office has received complaints from employees about receiving payment through pay cards. In response to the complaints, the NY Attorney General has proposed new requirements for employers who wish to pay their employees using pay cards.

Proposed Pay Card Regulations

The new regulations on the use of pay cards would require employers to:

  1. Obtain documentation of consent from employees before paying them via pay cards. Consent must be given without “intimidation, coercion, or fear of adverse action by the employer for refusal to accept the payroll debit card or pay card2.”
  2. Provide adequate information to employees regarding all the ways they can be paid and a statement regarding employee rights related to obtaining wages without incurring fees. Information must be provided in writing at least seven days before obtaining consent from the employee to enroll in a pay card program.
  3. Ensure that no employee will be charged direct or indirect fees in order to withdraw wages from their pay card account.

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What Employers Should Do

Employers should review their payroll card programs to ensure that there are no fees for the employee to access wages. Additionally, employers should verify that employees have access to their earned money via in-network ATMs. Employers should also create documentation to provide to employees regarding their pay card program and train personnel to ensure pay card compliance.

How EPAY Can Help

EPAY Systems partners with SimplyPaidTM to provide pay cards to all EPAY customers. With our payroll cards, you can expect to save money quickly, and it won’t cost you or your employees a dime! We’ll get you implemented quickly, in line with all state regulations, and even give you the option to register the payroll cards at our time clocksContact us to learn more.