06 Sep '11, 1am

[U.S] [Survey] National Payroll Week; Payroll Habits Of Employees

[U.S] [Survey] National Payroll Week; Payroll Habits Of Employees

It’s National Payroll Week this week (September 5 to 9) and electronics payments association NACHA – which represents over 10,000 financial institutions – has just released a survey that provides some interesting insights into the payroll habits of U.S employees. Of the analysis into the data that was provided as part of the survey results, these were some of the interesting findings: 1. 25% employees continue to receive paper cheques. Although direct deposit provides convenience, still one out of four employees receive their pay through paper cheques. 2. Convenience is the key reason why people use direct deposit. Although safety (35%) and environmental friendliness (21%) were cited as some reasons to use direct deposit, convenience still ranks as the main reason (71%). 3. While ‘Early Adopters’ are more open to using direct deposit, Gen Y employees are surprisingly less ...

Full article: http://www.youngupstarts.com/2011/09/06/u-s-survey-nation...

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