Streamlined Salary Disbursement Process

The Importance of Accurate and Timely Salary Disbursement

Accurate and timely salary disbursement is crucial for businesses of all sizes and industries to:

• Ensure employee satisfaction and trust
• Maintain compliance with labor laws and regulations
• Avoid penalties and legal consequences
• Streamline payroll processes and reduce administrative burden

To achieve these objectives, businesses need a reliable and efficient salary disbursement solution.

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Solutions

Brick offers a powerful tool to automate employee salary disbursement:

1. On-Demand Disbursement:
   Automate salary disbursements to employees using Brick's On-Demand Disbursement solution, ensuring secure and timely payments.

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End-to-End Employee Salary Disbursement Process

1. Employee Onboarding:
   Onboard employees, collecting necessary personal and payment information, including bank account details and tax forms.
2. Payroll Processing:
   Calculate employee salaries based on hours worked, pay rates, deductions, and benefits, using payroll software or HRIS.
3. Disbursement Preparation:
   Prepare salary disbursements, generating a file with employee payment details, including amounts and bank account information.
4. Disbursement Scheduling:
   Schedule salary disbursements based on the predefined pay frequency, such as weekly, bi-weekly, or monthly.
5. Disbursement Processing:
   Utilize Brick's On-Demand Disbursement solution to process salary disbursements securely and efficiently, transferring funds to employees' bank accounts.
6. Disbursement Confirmation and Notification:
   Send disbursement confirmation and notifications to employees, providing details of the payment amount, transaction reference, and pay stub information.
7. Reporting and Compliance:
   Generate payroll reports, including tax-related information, and ensure compliance with applicable labor laws and regulations.