Paycom launches Everyday, ensuring compliant daily payrolls
01 Agosto 2023 - 5:07PM
Business Wire
Paycom Software, Inc. (NYSE: PAYC), a leading provider of HR
software, launched its latest product, Everyday™, allowing users to
get paid on a daily basis* without paying a costly fee† to receive
their wages, while also ensuring employers are compliant and not
exposed to potential losses from things like early employee
departures.
The new product is used in conjunction with Paycom’s Vault Visa®
Payroll Card and Beti®, the industry’s first self-service payroll
solution that empowers employees to do their own payroll. Unlike
other products on the market, Paycom’s Everyday solution allows
employees to receive their pay early without costly fees†, and
employers benefit by automating pay through one system where
employees manage their own payroll. Employers using Everyday are
also not exposed to potential losses from various factors that
impact pay, including early employee departures, garnishments or
benefit deductions that need to be collected.
“If employers choose to let their employees opt-in to be paid
more frequently, they should do so in a way that mitigates risk and
exposure to the organization by ensuring withholdings are
accurately accounted for and their employees aren’t having to
access these funds in a manner that resembles a loan,” said Chad
Richison, Paycom’s CEO and founder.
To learn more about Everyday, visit
paycom.com/software/everyday/.
About Paycom
For nearly 25 years, Paycom Software, Inc. (NYSE:PAYC) has
simplified businesses and the lives of their employees through
easy-to-use HR and payroll technology to empower transparency
through direct access to their data. And thanks to its
industry-first solution, Beti®, employees now do their own payroll
and are guided to find and fix costly errors before payroll
submission. From onboarding and benefits enrollment to talent
management and more, Paycom’s software streamlines processes,
drives efficiencies and gives employees power over their own HR
information, all in a single app. Recognized nationally for its
technology and workplace culture, Paycom can now serve businesses
of all sizes in the U.S. and internationally.
*Terms of Use apply. Employees generally receive their net pay
within 24 hours of working, but some employees may receive their
pay sooner. Some limitations may apply based on employer’s pay
cycle, employee’s pay amount, timing of approvals, or certain
employer configurations. Employees start receiving net pay after
they have earned enough money to cover their required deductions,
taxes and benefits each pay period.
†Certain fees, terms and conditions are associated with the use
and maintenance of the Vault card. See the Cardholder Agreement
linked at myvaultcard.com for more details.
The Vault Visa® Payroll Card is issued by The Bancorp Bank,
N.A., Member FDIC, pursuant to a license from Visa U.S.A., Inc. and
can be used everywhere Visa debit cards are accepted.
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version on businesswire.com: https://www.businesswire.com/news/home/20230801342257/en/
Jason Bodin 1-800-580-4505 media@paycom.com
Paycom Software (NYSE:PAYC)
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