Payroll deductions can be time consuming and open to error. We make use of Lynkwise’s Payroll Deductions Management Platform (PDMP) to accurately maintain all third party deductions on your payroll.
What are third party deductions? Third party deductions are usually loan repayments, insurance premiums or union fees. Allowing these deductions to come off directly from your payroll have several benefits including:
- Employees have access to cheaper financing as a result of institutions reduced interest rates
- Guaranteed minimum take home pay for employees
- Access to a wider range of banking products
- There is no costs to the employee
You can visit http://www.lynkwise.net to get more information about how their platform can help your employees to gain financial freedom.