Overview

GHG Corporation's electronic Pay Stub Solution (ePSS) is a secure, easy-to-use, Web-based tool that empowers employees to view their current and/or past pay stubs online anywhere, anytime, from Internet-enabled computers. With ePSS, your company will realize a 50% or greater cost savings, versus that of the traditional paper based systems.

ePSS is the next logical step toward paperless employee management. In 50 of our 50 states, electronic pay stubs are an acceptable method of providing payroll information to employees. They also have widespread acceptance, averaging a 95% participation rate when offered by employers. Electronic pay stubs significantly reduce operating expenses related to printing and delivering payroll stubs, while enhancing the direct deposit services that your company already provides employees.

Employers realize dramatic cost reductions

Experts agree implementing the right electronic pay stub solution will result in substantial cost savings. Based on research by NACHA (National Automated Clearing House Association), the average cost of printing a pay stub for one employee is $1.90 per pay period. This equates to $49.50 per employee for 26 pay periods. Therefore, a company with 500 personnel spends approximately $25,000 per year just to validate payroll via pay stubs. While costs vary, this is a conservative estimate that does not include the expense of postage or storage. ePSS will reduce your cost of pay stub administration by 50% or greater through:

• Eliminating paper cost i.e., forms, envelopes, and other paper goods

• Substantially reducing printing cost of the pay stubs, envelopes, etc.

• Greatly reducing postage to mail the pay stubs Lowering time and costs required to reproduce lost pay stubs

• Minimizing the time expended by payroll and administrative personnel to manage pay stub activities

• Reducing storage costs, no more paper documents to store, everything will be online

Employees gain immediate protected access to online pay stub information
ePSS provides employees password-protected access to their current/historical pay stub information. This allows employees to proactively:

• Examine current pay period information

• Review pay history

• Provide information to agencies requiring employment verification

Providing employees access to online pay stubs, allows all of these tasks to be accomplished directly by the employee, without the involvement of managers or payroll personnel. The result is increased privacy and decreased administrative costs.

Low Implementation Costs, Rapid Return On Investment (ROI)

Your cost savings will be significant, and the implementation costs are minimal. GHG offers customers the flexibility of purchasing ePSS as a traditional software license or through an application hosting agreement. Application hosting takes the burden of the up-front license cost and on-going system management requirements out of the equation. With application hosting, you purchase ePSS services with a nominal monthly fee based on the number of pay stubs being processed each month. GHG has a staff of IT professionals to manage and protect your data and provide telephone support for any assistance required. When you compare the cost savings to the cost of implementation, your return on investment will be virtually immediate.