The Path to Effective Direct Deposit Promotion
- Topics:
- Payroll
- Tags:
- Corporate Communications,
- Deposit,
- Employee,
- Finance,
- Financial Services,
- Marketing,
- Operational Accounting,
- Perquest
- Source:
- Perquest
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Overview: This article is about the payment method that explains the direct deposits method. How do you make direct deposits more attractive to those hard-to-convince employees who insist on cashing a check every payday? Offer something of greater value to the employee than not having direct deposit. Here are some ideas: Banks and credit unions may offer perks such as free checking and lower interest rates on loans to their customers who bank by direct deposit. Offer a prize in a drawing with only direct deposit employees in the hopper. Arrange with a local restaurant to provide coupons t hat are only inserted in direct deposit advice envelopes. Schedule your direct deposit funds to be available to employees a day earlier than when the checks are issued. Stage departmental challenges to determine which department can increase its direct deposit percentage the most, with a pizza party going to the winning department. Include testimonials in company bulletins or newsletters from employees who couldn't manage without their direct deposit.
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Format: HTML | Date: Nov 2002 | Pages: 1
