One of the first steps to ensure WPS compliance is to register your company with a WPS service provider. Merely going through the registration formality does not ensure compliance. As a company, you need to follow up on each transaction with your service provider, typically on a monthly basis, to ensure that salary processing is happening via the Wage Protection System. Only this will ensure that your company remains WPS compliant.
Employees' Accounts
Determine how many of your employees have a bank account. If a majority of your employees have a bank account, then it's much easier for registering and processing your online wps converter payments. This is because many a time, determining where the salary is to be disbursed is a time consuming exercise. As part of this process, one might have to open a bank account or provide a pre-loaded ATM card or arrange for cash disbursement via an Exchange House or arrange for cash delivery at the work sites for site based employees who are typically labourers and who usually don't have bank accounts.
