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
Complete survey results are available at
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
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
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
CONTACT: TALX Corporation, St. Louis Laura Browder, 314/214-7224
SOURCE: TALX Corporation