With seniors over age 65 accounting for just over 14% of the total population, the need for elder services continues to grow exponentially! The Census Bureau predicts that, by the year 2056, there will be more people over the age of 65 than there are people under the age of 18. The services necessary to care for the elderly and aging baby boomers range from help around the house, transportation needs, medical and non-medical assistance recovering from an illness or hospital stay, or simply someone to provide companionship during the week.
Operating a business in the senior living industry is unique, challenging, and ultimately rewarding. Your employees are spread throughout your community, in your clients’ homes, and with various shifts – morning, noon and night. This most certainly creates difficulties in the managing of your business! First-rate organizational skills, as well as efficiency, are critical to staying on top of the work load and remaining successful in a tight and competitive environment.
Meet Juice Banking
A key factor to success is utilizing technology to simplify the work load. Juice Banking, is the answer to the management of your company’s payroll. Say goodbye to the laborious task of payroll management! Rather than write out individual paychecks each pay period, now you can automatically pay your care staff with Juice Payout Cards. This paycheck solution instantaneously and efficiently puts the funds into the hands of the employees via their individual Juice Payout Cards. For companies that have a workforce composed of independent contractors receiving 1099s, pre-paid debit cards are especially convenient.
No longer will it be necessary to print out payroll checks and track down your employees to deliver their earnings, especially when they’re working throughout the county. Juice Banking saves your company money as well! The average cost for a printed payroll check is approximately $152 per employee, per year, every year!* Utilizing Juice Banking’s suite of branded PayOut Card products will benefit your employees as well as your bottom line. This is how it works: once the work staff receives their weekly or bi-weekly wages, their information will appear in their Juice For Business account so they can immediately access those funds to pay their bills or withdraw cash from an ATM, basically any way you can use a card with money in the account.
Using proprietary technology, funds are automatically allocated to the employees’ payout cards. No hassle. No waiting. An employee can spend the card at any of the 35 million locations worldwide that accept MasterCard cards. They simply look for the MasterCard Acceptance Mark. Juice Payout Cards can also be used to pay bills or can be applied towards online purchases. Employees will especially appreciate that there are no check-cashing! Now they can say goodbye to running to the bank or check cashing store and employers can easily modernize their payroll department with pre-paid debit cards for employees. Flexibility and convenience are at the heart of this innovative business payroll solution!
To learn how your senior living business can benefit from pre-paid debit cards for independent contractors receiving 1099s, sign up for free demo.
*PayOut Cards are a general purpose reloadable prepaid card, presented as an option for employee enrollment. * Print cost per check based on data from www.nacha.org.
*USA Census 2014