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With postage costs on the rise again, it might be time to consider switching to email payslips – to save your company on both time and money.

It has been announced that the price of a first-class stamp will rise by 10p to 95p on the 4th April 2022. Second class stamps will also be increased to 68p. This is due to Royal Mail having to deliver to a growing number of addresses, therefore increasing their costs.

When it comes to sending payslips out to your employees, postage costs are not often considered. However, especially with these increased postage prices, manually sending out payslips can be a big hidden cost for the company.

With that being said, it is clear that there are huge savings to be made when it comes to moving to electronic payslips, on both paper and postage. By sending payslips by email, your business can reduce cost and time associated with posting physical payslips.

How do email payslips work?

At Integrity Software, we offer an email payslips module for our construction-specific accounting software, Evolution Mx. When using this module, payslips will be emailed in a PDF format to the employee’s chosen email address and are password protected. Payslips can still be printed in the normal way if required, for example if an employee chooses not to receive theirs via email.

Additional benefits to email payslips:

•    Improved delivery – with so many employees working in different locations, employees instantly receive their payslips with no chance of them being lost or returned to the finance office.
•    Save on storage – email payslips can be accessed by employees from any device and do not need to be stored either in the office or in your employee’s homes.
•    Improved security – sending payslips electronically is the most secure way to do so, especially because they are password protected.
•    Reduced carbon footprint – emailing payslips is more environmentally friendly when compared with printing out paper ones every month.

Conclusion

By switching to email payslips, your company can tackle the rising postage costs announced by the Royal Mail and enjoy a whole host of additional benefits saving you both time and money.

If you’d like to find out more about how email payslips could work for your company then please contact us to book a free, no-obligation demo today.