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I was recently cleaning up my home office when I came across some papers I'd had since 2003.
They were paycheck stubs for a two-year period, just sitting in a pile wasting space.
I promptly shredded all of the stubs, but it got me wondering: why, in an age of direct deposit, are we still getting paper paycheck stubs?
I don't need them. In fact, I don't want them.
Every two weeks, the money gets automatically deposited into my account, and I get a paper stub showing my deductions, paid-time-off and year-to-date earnings.
But those paper stubs just collect. Why not send them to me as a PDF?
I'd have a lot less paper to collect, and my employer would save a lot of money by not printing paper and stuffing envelopes.
Let's go paperless with our paychecks. It just makes too much sense to not.
I'm old school. I still want the option of a paper check.
tightwad — why wouldn't you want to be paperless?
Like I said, I'm a bit old school. I have worked hourly jobs where pay roll is screwed up on a weekly basis. Before I leave for the week end, I want something showing that they got it right.
I still prefer and carry cash. Sure, I occasionally use my debit card (mostly for on-line transactions), but I would rather control the many directions and accounts I keep. Sure I can do a bunch with a mouse click, but I would rather the money starts from my own hand.
I'm all for saving a tree, but I just don't want to be forced into anything.
Some businesses are going to these Paychex Plus cards. One employer, Meijer, a local store close to me has went to this exclusively. They are touted as "a very convenient and secure way for employees to receive their pay each week. Paychek Plus! card works like a debit card. Team members' pay is directly loaded on the card, each pay period. Team members have the option to "cash out" the card at the Meijer Customer Service desk, at no cost, or treat the card as a debit card and use it at any ATM machine nationwide and/or for purchases where debit cards are accepted."
Sure, you can cash out, but to me it is just a way for the business to push that you use the card in their store…Plus, who do you think is earning interest on the money that is left in those accounts? From what I have been able to find out, it isn't the employee.
Now to be fair, they do still allow direct deposits to a bank of your choice, but to all the lazy people who won't even think about it, their employer is making money on their money. Sneaky really, wish I would have thought of it…;o)
That does sound pretty sneaky. I got a bit annoyed when I recently got a debit card instead of a rebate check from Norton AntiVirus.
I used it, but it's only got like .78 cents on it, so I can't really use it on anything anymore.