Have you ever had to verify income for one of your employees? If they have asked for credit, bought a house or sought financial assistance, chances are you’ve spent valuable time providing confirmation of the income information the employee provided the creditor. This can be a very time consuming task. You must:
- Verify the identity of the person requesting the verification.
- Confirm that person has permission to make the request.
- Make sure you utilize proper procedures and forms.
- Be absolutely sure the information you are providing is accurate.
- Respond within a certain timeline.
Time & Pay, in partnership with Trulify™, now offers Income Verification services that automates the whole process, eliminates the work and risk, and makes sure your employee’s requirements are met on a timely basis. The service is a web-based solution that provides the creditor the information they need to verify income in a secure, safe manner. Best of all, it is a FREE service for our customers and there is no set-up required.
Employers are contacted every day by lenders, landlords, government agencies and other interested parties with requests to verify employment and income data for their employees. You are required by law to comply with such requests in a timely manner. This free service, offered through Time & Pay’s PayEntry, allows you to stay compliant while saving valuable time and resources. No more manual searching for and compiling sensitive information and transmitting sensitive data over unsafe channels of communication. Trulify™ ensures verifications are secure and released only to authorized verifiers after receiving your employees’ permission.
For more information on the service, please watch this short video here.
Your employees, as consumers, are counting on you to respond within their time line to their requests for income verification. You want to do your best to make sure you can satisfy their requests. Don’t be caught in a crunch trying to meet their needs in a safe and timely manner. Ask us about this new Income Verification system and how it you can benefit.
Contact us today to learn more.
About Time & Pay:
Time & Pay is a professional payroll service provider located in Johnson City, TN. We service businesses of all sizes and types throughout the United States. Founded in 1992, Time & Pay provides businesses with complete payroll services , guaranteed payroll tax compliance, automated time and attendance systems and services, pay-as-you-go worker’s comp, human resource management systems and services, and more. We provide our customers with the cost effective tools you need to better manage your payroll, your employees and your business. Time & Pay’s services guarantee you will save money, time and aggravation and we back them up with the customer service you expect and deserve. Contact Us today to learn why business owners throughout the country are saying:
“Time & Pay! Why would you do payroll and timekeeping any other way?”
Payroll Services in Kingsport, TN; Bristol, TN; Johnson City, TN; 423-854-9042
Payroll Services in Morristown, Greenville, Knoxville, TN 423-957-9505
Payroll Services in Cleveland, Chattanooga, TN 423-794-7855
Payroll Services in Newport News, VA 757-240-2766