Working From Home: The New Norm?
By now, you’re probably sick of hearing how much 2020 changed all of our lives. Well, that’s because it has! One of the biggest ways the past year has forced us to adapt is when it comes to our profession. Companies all over the world have turned to remote work to maintain productivity in the midst of social distancing—and some are making the change permanent.
Take Spotify, for example. In February 2021, the company announced a “Work From Anywhere” program for all employees that would allow the individual employee to choose where and how he or she wants to work. Let’s take a closer look at working from home and see if there are any ways to make it more beneficial for the employee and employer.
Payroll Drawbacks of Working From Home
Working from home has tremendous benefits and allows employees to save time, money and sanity. But it does have some disadvantages when it comes to payroll. For example, some employees may not have access to direct deposit from a traditional bank. They may also travel across the globe while they work—as employees can do with Spotify’s program—and don’t have a reliable address for paper checks. Finally, it can be difficult to offer appealing benefits to top talent when there are more remote options available today.
Benefits of a Paycard Solution for Remote Workers
A paycard solution like the Spentra Solution can address many of these drawbacks associated with working from home. In fact, it’s the ideal payroll system for businesses with remote employees. Here are some of the benefits companies experience when they adopt a paycard solution for remote workers:
- Access up to 50 percent of earned net wages any time before payday
- Set up direct deposits for employees who can’t receive mailed checks
- Flexible for remote work, in-office work and hybrid work setups
- Easily manage the payroll card account with a mobile app
- Attract top talent with a unique benefit that separates you from your competition
- Improve work-life balance and reduce stress related to finances
Getting Started with Spentra
As you can see, a paycard solution with wage access gives you the competitive advantage you need for a remote workforce. The only question is, how do you get started? With Spentra, we handle all of the onboarding and integration with your payroll system. There are no fees for the employer, either. A paycard solution like Spentra can push you over the top when it comes to attracting and retaining talent. The first step is seeing it in action for yourself.
Ready to see how Spentra can help streamline payroll for remote workers? Contact us today for a demo.