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 Why upgrade to a paperless pay system? With big resource saving benefits and virtually no drawbacks, more and more companies are adopting online pay stubs to reduce their pay stub expenditures and save time.
If you are still debating whether it is time to make the switch, read the paperless pay case study below for a real life example or visit our online pay stubs page for all the details.
Paperless Pay Case Study
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(For confidentiality reasons, the company name has not been disclosed.)
The client is a hospitality company, with almost 5 decades of providing quality hotel accommodations and service to its customers. As a company they are committed to performance and excellence and their continued growth and success is a testament to their dedication to these goals.
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This hospitality provider had grown to 11,000 employees spread over many states. Providing payroll services and support to their ever increasing employee numbers was becoming an expensive and time consuming proposition. The average cost to produce pay stubs was $9.00/month for each employee. With 11,000 employees receiving bi-weekly checks, the cost in printing pay stubs was about $1,188,000 a year and expected to grow. Additionally, the costs associated with human resources time to oversee all the paper, provide copies of lost pay stubs to employees and other pay stub related tasks was becoming a problem. They recognized the need for a better, more cost and time effective solution and began the process of exploring their options. |
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The hospitality provider was familiar with CIC Plus’ services as a result of using our year-end client services. CIC Plus' goals and objectives aligned with their company values and the focus on excellent customer service was a priority in choosing a business partner. So they decided to work with CIC Plus to provide their paperless pay service.
They were concerned about the complexity of transitioning their employees to a paperless pay system and they wanted to make sure their financial information was safe. CIC Plus' 128bit SSL encryption made sure their data was protected. CIC Plus also provided a well planned rollout for their staff. From start to finish the entire process was quick and the client described the paperless pay integration as 'short and seamless'. |
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Our hospitality friends are now seeing the many benefits of using a paperless pay technology. Instead of an average cost of $9.00/month for each employee, their pay stub cost is now only $1.00/pay stub. Multiplied over a year's worth of pay stubs and 11,000 employees they are saving an estimated $924,000/year with their new online pay system. Additionally, now that employees can access their paycheck information at any time and print their own pay stub copies, the service calls to human resources have dropped dramatically, freeing up staff for more important tasks.
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