Are you a business owner that has employees? Are you prepared to pay them in the event of a disaster?
Many business owners don’t even have a disaster plan in place, but if they do, it’s often focused on their own processes on how to help their clients, or perhaps what to do to save records in the event that those records are damaged. But many don’t think about the fact that employees would still need to be paid on time.
In the event of an emergency, if you currently run direct deposit, you still have the capability of easily paying them electronically so that they don’t have to come into the office to get their payments. However, some businesses still prefer to use paper checks or the employees themselves may choose that option often because they don’t have a bank account that will accept their funds in the event of an emergency or a disaster.
You may not be able to print these checks because your check stock is damaged by water or fire, or perhaps you can’t get into the office to print the checks. In this case, having your employees paid on time could be problematic.
One of the things you can do is to offer pay cards. This would allow you to deposit directly onto that card the amount of their net pay and employees could withdraw funds from the ATM’s or use it for purchases they make at their grocery stores or retail stores or other service offerings.
If you have questions regarding this, be sure to give us a call at (310) 534-5577, or email us at [email protected]. Whatever you do, make sure you include payroll processing in your disaster plan.
