7 Incredible Benefits of An Employee Self-Service Payroll App (Major Benefits For Your Employees)
- August 27, 2024
- Posted by: admin
- Category: Uncategorized
7 Incredible Benefits of An Employee Self-Service Payroll App (Major Benefits For Your Employees)
Contrary to popular belief, your Payroll department is as much customer service as it is a back-office function.
Yes, your Payroll team works in the background to keep an important portion of your financial operations running smoothly, but they’re also responsible for handling employee paycheck questions, calculating 401(k) contributions, and keeping direct deposit information updated.
It’s a big job, but technology can make it easier. As we’ve mentioned in the past, an employee self-service application offers a variety of benefits to employees and employers.
For employers, an employee payroll self-service app leads to fewer administrative headaches, employee interruptions, and payroll complaints. In short, self-service helps your managers focus on your revenue generators—not payroll questions.
And employees love it just as much. In fact, research shows 73% of employees expect self-service apps to manage their HR and payroll information.
Failure to deliver on that expectation could cause you to lose talent to your competitors.
Benefits of the Payroll Employee Self-Service App
A well-designed self-service app offers seven huge perks to your employees:
1. They Can See Their Paychecks As Soon As They’re Deposited
This is the biggest reason behind employee self-service: team members love waking up on payday and having the ability to check their paychecks. From the comfort of their phone, they can double-check their deposit amount, withholding, taxes, and any other variables
2. They Can Check On Their Data Without Visiting HR Or Payroll
The Self-Service app can manage everything an employee would normally interrupt your HR support center or Payroll department to check, such as:
- How much vacation time they have left
- How much they’ve contributed to their 401(k) (or other retirement services)
- Their past paystubs
- And more!
3. They Can Update Their Direct Deposit Information
In addition to switching payments to their bank accounts, they can also divert their paycheck into five different accounts at once (if they choose to). We frequently see employees split their direct deposit into three accounts: one for their checking, one for their savings, and one for a rainy day fund.
4. They Can Register For Benefits
If you offer benefits to employees, they can sign up through the employee self-service app. They’ll receive a notification when it’s time to enroll, and signing up is simple; the app uses all of its pre-existing employee data to autofill much of the registration documentation, streamlining the process for your employees.
5. They Can Request Time Off
While employees are inside the app, they can check how much vacation they’ve accrued and request time off without seeking out their manager.
The manager will be automatically notified about the request, and they can approve or deny the request at the click of a button, streamlining the entire process for everyone involved.
6. They Can Clock In And Out
Your employee self-service app also allows employees to clock in and out from their mobile device—either while they’re working remotely or when their GPS determines they’re at a set address (such as your job site or offices) you pick ahead of time. That makes time and attendance so much easier!
7. They Can Update Their W-4s
Employees can remotely update their W-4 information, which is essential during major life events, such as:
- Marriage
- Divorce
- Birth of a child
- Adoption
- Death of a spouse
Find Your Employee Self-Service Technology
If you’re interested in learning more about our employee self-service technology, contact us! Our team is standing by to ensure you receive the support you need.
