Finance

The Future of Financial Management: Accelerating business growth Finance leaders in fast-growing organizations trust Sage Intacct and AWS to transform the way their teams work. Watch this webinar to explore the fascinating technology advancements that are driving this transformation. Are you ready to modernize your finance function? Watch the webinar

The Demise Of The Paper Check As A Useful Method Of Paying Workers If the recent and continuing health crisis has demonstrated one thing, it is that compensating people via paper checks is unreliable, unsafe and untenable. And as the leading provider of payroll in the United States (we pay roughly one in six Americans), ADP fully understands the process and is committed to the ideal of a world where all workers can receive their pay electronically.

Employer Pay Cards: Staying on the Right Side of Compliance An explosion of new payment methods introduced over the past decade has reshaped how consumers pay for goods and services, and how they manage their spending and finances. Those consumer trends are creating new challenges and opportunities for employers when it comes to how they pay their employees—particularly with so many alternatives to traditional banking services.  This guide is focused on helping employers to better understand the opportunities presented by pay cards, and to clarify some of compliance (bank, state and federal) challenges that may otherwise stand between them and an alternative method of pay that presents tremendous benefits to employer and employee, alike.

Employer Pay Card Guide A pay card is a prepaid, reloadable card, similar to a debit card, that employee wages can be loaded to each pay period. Payments are loaded electronically and employees need only to activate the card to receive their wages. Access to funds is immediate.Pay cards are issued by a bank, with a license from Visa or MasterCard, and can be used for cash withdrawals at ATMs, bill payments and wherever credit and debit cards are accepted.

Employee Financial Wellness Programs: Guide for Employers When asked to define financial wellness in a study conducted by ADP Retirement Services, respondents overwhelmingly pointed to “a sense of security and being free from their current stresses”. 1. An employerbased program supporting employee financial wellness, therefore, may include tools and support to help employees remain on track with personal expenses, maximize their income and savings, respond to unanticipated expenses, and plan for retirement. 2. Traditionally, employers offered a main source of financial and retirement planning in the form of pensions, 401(k), life insurance, stock plans and other insurance and financial benefits. Although the workforce has evolved dramatically and continues to change, employees are still looking to employers for financial wellness support. In fact, employers who offer financial wellness programs have a distinct recruitment and retention advantage, and businesses thrive when employees are more secure.