Tag: covid-19

  • Reward Essential Workers with Added Benefits that Don’t Affecting your Cash Flow

    Offices, schools, manufacturing plants and distribution centers have all had to implement changes this year. It would be hard to find an industry that hasn’t been affected by the global COVID-19 pandemic. Now more than ever work-life balance can be a struggle.

    Many employers want to show appreciation to staff members – especially essential employees – but are restricted by cash flow. While raises and hourly increases may not be feasible, there are a number of ways to show your employees how much they mean to the organization such as adding new benefits or incentives that won’t breaking the budget. 

    Bonus & Incentive Pay

    While increasing pay may not be on the table right now, now is a good time to consider bonuses or incentives. Let’s face it, 2020 has rocked the entire world. Right now, everyone could all use a bit of a pat on the back for a job well done. But beyond that, rewarding efforts, especially if you can mold those incentives around a team. Not only do incentives and bonuses help to build loyalty but, when executed properly, employers who put in incentive programs can also expect to see anywhere from a 25-44 percent boost in performance, according to one study.

    Flexible Schedules 

    Now that the shock of transitioning teams and services virtually has (hopefully) worn off a bit, it is time to reconsider what the office schedule looks like going forward. Even after the country reopened, many large corporations have decided to keep as many of their workers as possible remote. While not feasible in every industry, now would be an opportune time to open communications with your employees around what future schedule suits them and how they feel they can contribute to the bottom line with a more flexible schedule.

    Every company will navigate this differently, what is important is including your employees in the discussion and understanding their collective needs. Building an environment that not only fosters communication, but spurs creativity will impact productivity and the bottom line. 

    Many human resources professions find workers suddenly more loyal after implementing flexible schedules. Zippia reported, “one survey found that 82 percent of professionals surveyed would be more willing to stay with their employer if they were offered flexible scheduling, while 39 percent reported rejecting a promotion or hiring offer or quitting a job because it didn’t allow for flexible scheduling.”

    Added Benefits

    How to better prepare for unimaginable financial crises needs to be paramount for both employer and employee going forward. Having a valued financial partner that works for the employees is one way to show you care for your team’s well-being and is exceptionally easy. ATMatWork can match your company with banks and credit unions that bring solutions directly to your doorstep. For starters, putting up a surcharge-free ATMs in the workplace can immediately save your employees money. To see how one company utilized this partnership, download our case study.

    Banks and credit unions not only provide savings, but they will consistently educate your employees and help prepare them for whatever the future may bring. Partnering with ATMatWork means you have immediate access to financial pros for questions that can reduce the financial stress of employees. Many offer programs and discounts for the needs of employees that will bring the overall financial wellness of your company to a healthy level. From savings to mortgages, your company will have a team working on your behalf.

    Although life is certainly not “normal” this year, there are simple ways you can reward your staff, especially those who are considered “essential,” navigate the new COVID-19 normal without added costs and raises across the board.  

    To set up a 10 minute custom consultation, email us at sales@atmatwork.com. We’ll be happy to walk you through the many benefits of having a workplace ATM and the surcharge-free ATM options we offer.

  • Protect your Employees and Provide a New Benefit with an ATM in the Workplace

    Since the first case of the novel coronavirus (COVID-19) was confirmed in the United States in January 2020, life as we know it has changed dramatically. Social distancing, plexiglass barriers, face masks, frequent hand washing, the use of hand sanitizer and meetings via Zoom have all become the new norm.  

    As companies begin to reopen, how to adequately protect employees is on the minds of executives. In addition to following the Centers for Disease Control (CDC) guidelines for workplace safety, many companies are looking for creative ways to make their staff less anxious as they return to work.

    ATM at Work: A Creative Way to Safeguard Staff and Add a Benefit

    There are many advantages to having an ATM in the workplace. It is a convenient way for employees to get cash and do routine banking, it saves employees valuable time, helps workers save more of their paycheck with reduced or no fee transactions, but most importantly having an ATM on-site helps to keeps staff safer in our new post COVID-19 world.

    For many employees, especially hourly employees, cash is essential. According to the latest statistics from the Federal Reserve, 42% of transactions under $25 and nearly 50% under $10 are in cash, and households earning less than $25,000 annually prefer cash to other payment methods.

    Having an ATM in the workplace, exclusively for staff use, is a great way to ensure the safety of your employees and is a benefit your employees will appreciate.

    Social Distancing & Disinfecting – With an on-site ATM, employers choose the safest location for the machine. The company controls other variables, as well, such as how often it is cleaned and sanitized. They can also limit who has access to the ATM, establish perimeters for social distancing, and provide guidance to restrict traffic as needed. Unlike public ATMs, the employer can directly monitor all of these procedures. 

    Cash is Safe: Viruses Don’t Spread Easily on Surfaces – Despite early information that came out during the pandemic, cash is safe according to medical experts and central banks around the globe. The CDC also recently stated that “the virus does not spread easily on surfaces” such as ATMs, although it’s still recommended that anyone touching a foreign surface wash there hands.

    Time is also on the side of company ATMs when it comes to the transmission of any virus. Most viruses live on porous surfaces for no more than 24 hours. Its unlikely employees will touch cash that has been handled by anyone in that time frame. The cash withdrawn from an on-site ATM is most likely to have sat in the machine for much longer than the time any virus would be present.

    Reduced Physical Danger – Beyond the immediate health concerns, an ATM in the workplace will also lessen the physical dangers that employees face using public machines. As life returns to normal, grabbing cash and running errands after a shift or during the lunch break is common for most people. An on-site ATM offers your employees more than just a clean environment, there is little chance of thieves having access to the machine and hacking card numbers. Also, more violent crimes – such as robbery – are dramatically reduced when using an ATM in the workplace.

    Time Saver for Employees – Another advantage of a workplace ATM is the time-savings to employees. Hourly employees can be profoundly positively affected when employers provide an on-site solution. A recent case study conducted at a company in Texas demonstrated the impact. The Texas company employs 650-700 workers and has two full-time shifts. ATMatWork estimates that employees at the location saved approximately 400 hours on average each month. It was demonstrated to be crucial for hourly employees who only have a half-hour for lunch and short breaks during the day.

    Saving More of Their Paycheck – With ATMatWork offering many surcharge-free options, employees and staff can save more of their hard-earned paycheck. The financial advantages of an ATM in the workplace for employees are evident in the study mentioned above. The Texas employees completed 1,325 transactions in the first month. While 517 of these were balance inquiries, which are always free, 732 cash withdrawals were performed ‒ saving employees a total of $5,480.66 in surcharge and bank fees. The employees had previously been using ATMs off-site before the installation and paying an average fee of $4+ per transaction.

    As employees return to work, now is a great time to add an ATM for employee use – to ensure the safety of staff and provide a cost-effective benefit that will help to reduce anxiety and help staff save more of their hard earned paycheck.

    To learn more, call at 866.440.4700 or email us at sales@atmatwork.com. We’ll be happy to walk you through the many benefits of having an ATM on-site for employees and the surcharge-free ATM options we offer.

  • 4 Ways Employers Can Promote Workplace Wellness

    As the country reopens from the pandemic, there are topics up for debate all over the news and social media. What is not up for debate is that employers should promote workplace wellness and protect workers upon reopening. This task doesn’t have to be overwhelming.

    Here are four tips business owners can implement immediately to facilitate wellness among staff.

    Move Meetings Online. If you haven’t taken this opportunity to move staff meetings, forms, and training online, you are missing the boat. A plethora of tools are available to help any size company transition to and create amazing online experiences to accommodate staff needs. Employers can utilize Zoom, Google Meet, Teams, Slack and more to foster relationships without jeopardizing safety – even if staff is working in the office.

    Establish Strict Cleaning Protocols. The way we do business has changed, and cleanliness is top of mind for everyone. Many salons, retail shops, restaurants, and more are asking patrons to wash their hands or use sanitizer upon entry immediately. Consider implementing similar guidelines for team members. These measures foster a sense of wellness in the organization. All staff should have cleaning supplies handy and should be held accountable for wiping their area and work spaces down frequently throughout their shift.

    Rearrange Your Office. The chances are that even if you’re back in the office, it isn’t the same. Physically distancing desks, chairs and rearranging meeting rooms is a must to protect the well being of employees and guests. Separation is a crucial component in fighting germs. Consider mounting plexiglass on desks and counters, especially if it is a frequently visited area. While it may seem a little odd at first, employees will appreciate the lengths you will go to provide a safe environment.

    Add a Workplace ATM. Allow your staff to do their banking at work and minimize contact with the public by providing an ATM for employee use. Your company can control how often the ATM is cleaned and ensure users regard social distancing guidelines. Additionally, there are a variety of ATM programs available, including low or surcharge-free options that help your staff safe more of their paycheck as well as providing them with a safe environment to get cash and do routine banking. This convenient and cost-effective benefit will save employees time, while keeping them safe.

    As your business reopens, it’s important to keep in mind that the best systems are the ones your staff use. Enforcing new policies is just as important as creating new opportunities to keep your staff safe and providing additional measures that will make them less anxious as they return to work.

    To learn more, give us a call at 866.440.4700 or send us an email at sales@atmatwork.com. We’ll be happy to walk you through the many benefits of having an ATM on-site for employees and the surcharge-free ATM options we offer.