St. Louis, MO (March 18, 2004) TALX Corporation (NASDAQ: TALX), a leading business
process outsourcer of payroll data-centric services, announced today that it
is witnessing growth in electronic W-2s among employees and employers. The number
of employees receiving electronic W-2s through W-2 eXpressSM more than tripled
compared to last year.
W-2 eXpress provides full-service distribution of printed and electronic W-2s.
Those employees who consent to receive their original statements electronically
in place of a printed statement can access their W-2s online via the Internet.
For the 2003 tax year, more than 200,000 employees from over 40 employers elected
this on-line alternative using W-2 eXpress.
"Several of our clients had over 25% of their employees consent to electronic
W-2s in their first year using the service, while some of our returning clients
reached 50% or greater adoption rates," said Dave Fowler, director of product
management at TALX. "This trend toward a paperless W-2 process will likely
continue as employers realize the substantial savings in printing and postage
costs and employees benefit from earlier receipt of their statements and easy
access to reprints."
A manager at one of our large insurance clients stated, "I am thrilled
that the majority of our active employees consented to electronic W-2s. By promoting
the advantages of early access to W-2s and no charge for reprints, we were able
to move to an online W-2 process that saved us money and time." This manager
received his company's top quality award for the W-2 eXpress implementation
and the electronic W-2 process.
Clients provide their W-2 data to W-2 eXpress using a standard file format.
TALX loads the data and maintains up to four years of W-2 data on the service,
which is consistent with IRS data retention requirements. TALX maintains the
highest level of security and ensures complete employee data privacy in W-2
eXpress, as well as all of its other Payroll/HR services.
About W-2 eXpressSM
W-2 eXpressSM offers a wide range of W-2 services, including distribution of
both printed and paperless original W-2 statements, W-2 reprints, and facilitating
W-2 corrections - all on forms which meet the requirements of the Internal Revenue
Service. In addition, through alliances with companies such as Intuit, Inc.,
H&R Block, CCH CompleteTax and ezTaxReturn.com employees can securely import
W-2 information from W-2 eXpress directly into tax returns. All W-2 eXpress
services are available to employees via the Web or telephone 24 hours a day,
7 days a week.
About TALX Corporation
TALX Corporation is a leading business process outsourcer of payroll data-centric
services. TALX holds a leadership position in two key employment-related services
-- automated employment and income verification services via The Work Number®
services and unemployment cost management services via UC eXpressSM. TALX also
provides paperless payroll services, W-2 services and automated time entry 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. TALX Corporation 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
Contact: Laura Browder