To say that the workplace has changed a lot in the last 10 years might be the understatement of the millennium. Things were already changing and accelerating at a pace that would make Stephen Hawking’s head spin. Then the Coronavirus hit and what was once a disruption has now become a full-blown sea change.
It is already being predicted that nearly 30% of the workforce will be working from home exclusively by the end of 2021. It’s just going to keep getting higher and higher, as remote work and collaboration continue to become more prevalent.
This means a paystub generator is quickly becoming non-optional.
Working online is just one instance where someone might need to generate a paystub from their computer. Let’s take a look at some of the other advantages of using a paystub generator.
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Benefits of Using a Paystub Generator
So far, we’ve been focusing on the employees who might need to get paystubs online. Using an electronic paystub generator has even more benefits for business owners and employers, however!
Saves Time and Money
Of course, the first allure of new tech for business is going to be its ability to cut costs. Using an online paystub generator can save you precious resources in a surprisingly wide variety of ways.
First, there’s the time of filling out and mailing paystubs in the first place. We all know that time is money. You’re hemorrhaging dollars and cents if your business isn’t running as efficiently as humanly possible.
Now imagine a scenario where a paystub gets lost in the mail. Or, even worse, say a paycheck itself never reaches its intended destination. This could mean that you’ve got to cancel the original check and then send out a new one.
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This could make you incur cancellation fees. It could even lose you an employee, in the worst-case scenario.
Accuracy
Do you remember the game Telephone when you were a kid? Where one person starts off by whispering a message into someone’s ear and it’s gradually passed down the line?
Do you remember how wildly distorted these messages could become, even without that many people in line? Unfortunately, that game proved to be more realistic than exaggeration.
Every time something gets copied or reproduced you run the risk of adding uncertainty into your system. When you’re dealing with money and business, these inaccuracies can sometimes be quite costly.
Online paystub generators keep everything centralized. Often, they’re cloud-based, so everyone is guaranteed to have the same info. Even just having everybody on the same page can mean big savings in the long run!
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Technology has been changing and improving every single aspect of how we conduct business. Why not let it change how we handle payroll, while we’re at it?
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