Imagine if your employees declared they were satisfied with their jobs. That’s sweet music to any employer’s ears, regardless of the industry their business is in.
But what does it take for employees to make such a heartwarming and profitable statement? Well, that’s the million-dollar question, isn’t it? After all, many businesses spend their time scratching their heads trying to figure out the secret to employee satisfaction.
We’ve got one word for you – payroll. You’ll be surprised at the number of payroll options employers can leverage to improve employee experience and workplace culture.
Read on to find out all about it below.
Early pay and instant pay keep employees stress-free
Unique employee offers like early pay and instant pay are some of the main factors behind employee satisfaction. This is especially crucial in the senior living industry and similar industries, where you need to stay competitive. Suppose you have employees providing elderly health care by performing tasks, such as cooking meals and providing medical assistance. In that case, it’s crucial that they don’t waste time trying to cash paper checks.
By simplifying your nursing home payroll using payout cards, workers can receive their money instantly. They don’t have to worry about making ends meet while waiting for a payday that’s slow to come. Similarly, employees in the driving, delivery and sales worker industry can easily and efficiently reap the reward for their hard work by receiving wages instantly from wherever they are. In addition, if you need to scale up your workforce, you’ll be pleased to know that payout cards are the payment of choice for general contractors.
Instant access bonuses motivate employees
Bonuses are part of employee additional compensation, which rewards employees for exceptional performance and good behavior. Well managed bonus schemes improve employee satisfaction by recognizing hard work and commitment. In addition, bonuses for employees improve productivity and motivation so that businesses can reach their profitability targets.
However, setting up initiatives like thank you bonuses can be complex since it involves measuring performance indicators and figuring out a different payment cycle for paying bonuses. After all, the last thing you want is for employees to see bonuses as part of their normal salary.
Again, you can simplify things by ordering custom payout cards to load bonuses for employees separately. Payout cards allow employees to access their bonuses instantly, so they effectively maintain job satisfaction over time.
Are you at risk for the Great Resignation?
Early access to earned wages empowers employees
Early access to earned wages is one of the trendiest employee additional benefits to emerge from the job market. This trend is making waves because of how it transforms employee satisfaction. With earned wage access, workers can collect their dues at the end of each shift instead of on a traditional payday.
Earned wage access gives more financial control to workers who are stressed from living paycheck to paycheck. For instance, instant pay access through reloadable prepaid cards provides the home health care industry with better ways to do payroll.
When you have aides, nurses, companions working for you, you want them to fully focus on your clients instead of worrying about surviving until payday. At the same time, you don’t want the extra work of handling payroll too frequently. This makes prepaid debit cards the perfect payroll solution in this scenario.
Payout cards make life easier for employees
Payout cards are a versatile payment solution suitable for virtually every industry your company may be in, from construction, security services, staffing, janitorial, landscaping, home health care, elderly care, and every sector in between.
For starters, employees without payout cards can still access their wages conveniently, without waiting in bank queues to cash paper checks. The other thing is, even banked employees can avoid costly banking fees by having their salaries loaded onto payout cards.
However, the ultimate clincher for ensuring and maintaining employee satisfaction is using payout cards to eliminate financial stressors and improve employee financial wellness.
Juice Banking can help you unlock employee satisfaction with these payroll options
With the best payroll options, you can unlock employee satisfaction, improve productivity, and increase profitability. If you haven’t already noticed, there’s one common denominator that can help you achieve all this in one fell swoop.
Juice Banking payout cards are your one ticket providing employees with early pay, instant pay, convenient bonuses, early access to earned wages, and more.
Sign up for a live demo and take the simple step to better job satisfaction and employee retention.