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TALX Survey Reveals Pay Stubs Are Going Paperless at Large U.S. Employers; Adoption of Paperless Pay Made Easier By Eliminating Concerns over Employee Access

ST. LOUIS--(BUSINESS WIRE)--April 29, 2003--In a survey conducted by TALX Corporation (NASDAQ:TALX), a leading business process outsourcer of payroll-related and human resources services, 61% of the employers polled said that the time is right to eliminate the paper pay stub for employees who are using direct deposit. The survey of 176 HR or payroll department employees at more than 150 large U.S. employers identified the key concerns of employers in moving to a paperless environment for employee payroll.

Fifty-two percent (52%) of respondents expect their organization to offer electronic pay stub presentment rather than printed pay stubs by January 2004. Nearly one-third of the employers surveyed already post their employees' pay data on-line, but only about half of those who have created such web-sites have eliminated the paper pay stub all together.

Complete survey results are available at www.talx.com/epayroll/getsurveyresults.asp.

The results of the survey also indicated that enabling access to pay data through the telephone in addition to the Internet should help to eliminate the biggest resistance in moving to paperless pay -- a concern that employees do not have Internet access.

"Once paperless pay is implemented, the vast majority of employees access their payroll information via the web. However, the inclusion of telephone access and kiosks helps ensure a more successful implementation, better employee acceptance and a paperless compliant service in all 50 states," said Jim Canfield, manager of TALX ePayroll Services. "Based on our experience in delivering paperless pay to American Greetings, Ingersoll-Rand, Nokia and other large U.S. corporations, we believe that multiple access methods are key to success."

TALX ePayroll Services provide a complete solution that enables major employers to eliminate the printing and distribution of paper checks and pay stubs from their payroll process. It not only addresses the specific state regulations surrounding employee payroll, but also enables employees to access their pay data through alternative methods, reducing the reliance on web access.

"We believe the resistance to paperless pay as identified in this survey can be quickly overcome and therefore see paperless pay stubs soon becoming widespread in both the public and private business sectors," continued Canfield.

    Other survey results:

  • Only 12% of respondents had no plans to implement an electronic pay stub - the rest have already implemented electronic pay stubs or are in the planning phase.
  • Only 9% plan to build their own electronic pay stub solution with internal IT resources. While many intend to implement electronic pay stubs by modifying existing software, nearly a quarter will use an existing outsourced service relationship.
  • Employers also see legal concerns regarding state regulations and access to IT resources as barriers to implementing electronic pay stubs.

TALX received 176 survey responses from employees at more than 150 large employers, 70% of which have more than 7,500 employees. The vast majority of respondents were either managers or directors in payroll and HR departments.

For further information about the benefits of paperless pay, please visit TALX Corporation's ePayroll website at www.talx.com/epayroll.

About TALX Corporation

TALX Corporation is a leading business process outsourcer of payroll-related and human resources services. TALX holds a leadership position in two key employment-related services -- automated employment and income verification services via The Work Number(R) services and unemployment cost management services via UC eXpress(SM). TALX also provides paperless payroll services, W-2 services and automated time entry and approval services. Based in St. Louis, Missouri, TALX empowers users to complete transactions independently utilizing available multimedia including Web, interactive voice response, speech recognition, fax and e-mail. The company's common stock trades on the NASDAQ Stock Market under the symbol TALX. For more information about TALX Corporation, call 314-214-7000 or access the company's Web site at www.talx.com

Statements in this press release expressing the expectations of management may be forward-looking and involve uncertainties. TALX risk factors are detailed in documents filed with the Securities and Exchange Commission.

CONTACT: TALX Corporation, St. Louis Laura Browder, 314/214-7224 lbrowder@talx.com SOURCE: TALX Corporation

Copyright © 2007 TALX. All Rights Reserved.