Quincy University announced it has switched to a local payroll company.
QU previously utilized one of the world's largest payroll companies, but in an effort to keep money in the local economy, QU made the switch to Quincy based Payroll$ Inc. This switch will eliminate paper payroll checks for its employees. With the Payroll$ Inc. web-based system, QU will roll out an electronic paycheck program that benefits employees and the university due to its speed, convenience and security.
In the coming months, QU will encourage its employees to sign up for direct deposit, which enables the company to electronically transfer employees' earnings to their individual bank accounts and sign up for the "self-service" web based program. With this program, employees will receive a digital paycheck stub via email rather than receiving a paper copy. Employees will be able to log on to the system to view prior paychecks, see vacation and sick time accruals, and re-print W2's.
"We are very excited about partnering with Ed Williams and Payroll$, Inc and were amazed and the ease of the switch. The new web-based method will be more convenient for employees, since they don't have to wait for a paper check and then have to physically take it to a local bank or to a local business that cashes payroll checks, much of the time for a fee," said Tim Weis, Vice President for Business and Finance at Quincy University. "This switch also saves the university money by reducing printing and related payroll expenses."