Friday, December 22, 2017

Survey Finds More Than 9 Out of 10 Paychecks Now Electronic

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Ninety-five percent of employees receive their wages electronically according to the 2017 "Getting Paid in America" survey conducted by the American Payroll Association during National Payroll Week.

Employees in areas affected by hurricanes and other disasters who receive their wages electronically can count on receiving their paychecks. Electronic wage payments offer employees several benefits over paper paychecks in the days and weeks following disasters. As long as an employer is able to process payroll, employees will receive their paychecks on-time and without the need to be physically present to receive them.

Knowing your paycheck will be there when you need it can make a huge difference in the wake of a disaster. Instead of worrying about finances, people can focus on the things that matter – like ensuring the safety of family and friends.

This year’s survey results may indicate that traditional paper paychecks could soon be a thing of the past as more and more employees recognize the value of direct deposit and payroll cards. During National Payroll Week, the APA encourages employees to work with their payroll departments to make strategic and informed decisions about how they’re paid.

The “Getting Paid In America” survey is conducted annually during National Payroll Week. More than 34,000 employees responded to the 2017 survey, providing insight into various payroll and time and attendance trends impacting the American workplace. To view the full survey results, visit nationalpayrollweek.com.