Why would an employer encourage an employee to take advantage of payroll direct deposit? Why would an employee prefer direct deposit over a paper check? Mention in your answer that the employee's pay-slip can be stolen, and that the money passes through the bank therefore it is legal money. Hint: Employers prefer direct deposit because it saves time and money. Employers that offer direct deposit do not have to issue paper checks and receipts. Employees prefer direct deposit because they do not have to go to a bank to deposit their paychecks. If their payday lands on a weekend or holiday, then their paycheck still gets deposited on time.
Why would an employer encourage an employee to take advantage of payroll direct deposit? Why would an employee prefer direct deposit over a paper check? Mention in your answer that the employee's pay-slip can be stolen, and that the money passes through the bank therefore it is legal money. Hint: Employers prefer direct deposit because it saves time and money. Employers that offer direct deposit do not have to issue paper checks and receipts. Employees prefer direct deposit because they do not have to go to a bank to deposit their paychecks. If their payday lands on a weekend or holiday, then their paycheck still gets deposited on time.
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Why would an employer encourage an employee to take advantage of payroll direct deposit? Why would an employee prefer direct deposit over a paper check? Mention in your answer that the employee's pay-slip can be stolen, and that the money passes through the bank therefore it is legal money.
Hint: Employers prefer direct deposit because it saves time and money. Employers that offer direct deposit do not have to issue paper checks and receipts. Employees prefer direct deposit because they do not have to go to a bank to deposit their paychecks. If their payday lands on a weekend or holiday, then their paycheck still gets deposited on time.
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