I require a list of specific industry types in the U.S.A. of companies
with large numbers of employees(150+)who don’t have bank accounts and
are paid by check. (Example: brick manufacturers)

---

Clarification of Question by bobestrin-ga on 18 Nov 2002 23:02 PST

An additional criteria is that these industries suffer from excessive
costs in producing and distributing pay checks (not in the payroll
processing). These additional costs could range from having to FedEx
checks to multiple remote locations, to lost productivity from
salaried workers cashing their pay checks during working hours.

bobestrin,

The types of employees you are referring to are called “Non-Bankable
Individuals” by some financial institutions.

There are many reasons why people are “non-bankable” – primarily
separated into two different categories – those who wish to hide money
from someone – and those who simply couldn’t get a bank account if
they tried.

Employees hiding money from their x-spouse, the IRS, lenders, etc
cannot be used to find industry segments for your question. Why?
Because they are in every industry, from the poorest laborers to the
richest CEOs. If you marketed to these individuals you would be
wasting your money. Some might argue that the richest have the most to
hide – and hence open overseas or offshore accounts.

You need to look for the second category – the people who couldn’t get
a bank account if they tried. Look for undocumented immigrants –
younger individuals (students), people who do not have much education,
and those who spend every penny they make.

The industries therefore change in the geographic regions of the
country. But – in any part of the country – look at:

1.	Janitorial companies that clean commercial/business spaces (the
second largest service industry, just after restaurants.) In many
parts of the country janitors are comprised of undocumented
immigrants. Many companies have thousands of employees per city.

2.	Fast food restaurants – while each restaurant has only 50 employees
– many near by restaurants are franchised and owned by the same owner.

3.	The hotel industry – In Colorado one of the lowest paid jobs is
cleaning hotel rooms according to the department of labor. Hotels
staff employees who do everything from cook to fix plumbing.

4.	The stage hands for theatres and convention centers – These
employees are mainly part time.

5.	All types of construction/landscape/painting/grounds maintenance.
These companies usually hire top-notch managers, licensed depending on
the specific industry, with great skill sets that manage manual
labors. The manual labors are un-bankable.

I would not look at airports, government, or high security sectors –
as the employees have higher screening/citizenship requirements.

You can find a listing of industries at
http://www.mainstrike.com/mstservices/data/sic-a.html, and just decide
which ones in your marketing area are “unbankable”.

I hope this helps.

Travis.

Bobstrin,

I am a director of finance for a medium sized janitorial company and
directly oversee payroll – and that is why I commented on your
question previously. If you are looking for an industry where
distributing payroll is more expensive than processing payroll – it is
hands down – janitorial. Why? The average building is about 75,000
sqft. At 7500 sqft per hour – it takes 10 hours per night to clean the
building. That means 3 employees work part time, at around 4 hours
each. Then there is an area manager who visits the building a few
times a week.

On payroll night – all “management” labor becomes “courier” labor. Any
respectable janitorial company has 75 or more accounts – and has only
a 3 hour window to deliver ALL the checks. Do the math on that one!

Unions are pushing for a paycheck a week – (with the high cost charged
to un-bankable employees cashing checks, I don’t think the union is
helping their employees)

So, as you go down that list of industry codes I gave you on my last
comment, to expand this list past janitorial – look for the companies
who have employees distributed around a city who probably don’t report
to a home office.

Then look for companies with distributed home offices – or sales
locations with few employees. For an example, I order ID badges from a
company. They are out of New York. Their sales force live in multiple
states – one person per state.

Now – in an related concern to any large company. Check fraud. Imagine
this scenario. An un-bankable employee goes to a popular liquor store
to cash their check for about 10-20% of face value.  In front of the
store stands a guy who asks patrons if they are cashing checks. He
says he is doing a survey – and that he needs samples of checks to
check against bank records. He will cash the check for free. The
employee gladly hands over the payroll check, and the criminal now has
everything he needs to make fraudulent copies. I have about 5 ways to
stop this problem – but that is off subject and for a different day.

Travis