How Top Employee Benefits Providers Use Merge’s New Bank Info and Pay Group Models
Merge Platform is excited to announce the release of two new common models to our Unified HRIS API: Pay Group and Bank Info! After receiving countless customer requests for added support around payroll, these new models will be a welcome addition for any service looking to build in the employee benefits space.
What even is a Pay Group? How to Use the /pay_groups Endpoint
With our additional models, customers now can link employees to a specific Pay Group within any HR or Payroll platform. If an organization groups employees for payroll reasons (contractor vs. salaried, etc.), this field can be used to make that distinction. By offering this label we hope pay_group will simplify creating payroll runs!
The pay_group model returns a single field: `pay_group_name`.
How To Use the /bank_info Endpoint
If you need to access an employee’s bank account in order to make payments or deposit money on their behalf, then Bank_Info can be used to record bank accounts for customers. The bank_info object returns the following fields which allow you to access the specifics of a user’s accounts:
- account_number
- routing_number
- employee_id
- bank_name
- remote_created_at
With our Unified API, you can link as many bank accounts per user as necessary!
Use Cases — How Employee Benefits Providers Integrate with New Models
To help you better understand these two new models, we’ll walk through a quick list of how certain types of employee benefits companies can utilize these new data objects.
Travel Benefits Company
- Use /bank_info to make transactions on an employee’s behalf in order to purchase certain benefits or rewards points.
Spend Management Company
- Use /bank_info to manage cash for customers. You can take the fields returned in bank_info to link to customer bank accounts directly, allowing you to easily transfer funds on an end-users behalf.
On-Demand Pay Companies
- If you are a company that manages how an employee gets paid, then you need to manage employees’ bank accounts to regulate how they get paid. Like a spend management platform, the bank_info model tracks employee bank account information regardless of the platform.
/pay_groups for all!
- You can use the /pay_group as a flag to group different cohorts of employees. For example, if you have multiple groups of employees that began work on different dates — such as a cohort that began in January versus September — and they need to be paid in different intervals you can use /pay_group to programmatically group these employees!
- You can group different employment types into /pay_group: contractor, interns, salaried employees, or more!
If you have any questions on how to use the added fields, Merge is always here to answer questions! Feel free to reach out over Intercom or email hello@merge.dev!
If you want to test out these common models for yourself: sign up for a free account today and start using Merge! If you’re best served with a hands-on demo, then we’re happy to chat here!
