Employees Confident Paycheck is Accurate

Sep 23, 2010, 11:13 ET from American Payroll Association

SAN ANTONIO, Sept. 23 /PRNewswire/ -- Eighty-nine percent of employees feel confident their paycheck is accurate, according to a recent survey conducted by the American Payroll Association.

Increasingly complex tax laws and benefits packages make payroll an arduous task.  In order to calculate paychecks accurately and avoid errors, payroll professionals must comply with constantly changing federal and state laws governing wages or face stiff financial penalties.

"A paycheck is far more than tax deductions and direct deposit. Each and every paycheck is a building block to financial stability that most Americans cannot afford to have delayed, even for a few days," stated Robert E. Farina, CEO of CyberShift, Inc.

The online "Getting Paid In America" survey by the APA asked "how certain are you that your payroll withholding and the net amount of your paycheck are correct each payday?"  More than 26,000 of the more than 31,000 survey participants indicated they are confident their paycheck is correct each payday.

"The high percentage of employees satisfied with their paycheck confirms the great work by payroll professionals who calculate paychecks accurately and on time each pay period," said Dan Maddux, executive director of the APA.

Employees can check their paycheck accuracy with the paycheck calculator at www.nationalpayrollweek.com.  

The "Getting Paid In America" survey coincides with APA's annual public awareness campaign, National Payroll Week (NPW), held annually during the week of Labor Day. More than 31,000 employees responded to the survey, providing insight into how employees are paid in America. For complete results, visit www.nationalpayrollweek.com.

Established in 1982, the American Payroll Association (APA) is the nation's leader in payroll education, publications, and training. The nonprofit association conducts more than 300 payroll training conferences and seminars across the country each year and publishes a complete library of resource texts and newsletters. Every year, nearly 20,000 professionals attend APA training sessions. Representing more than 22,000 members, APA is the industry's highly respected and collective voice in Washington, D.C.  Visit APA online at www.americanpayroll.org.

SOURCE American Payroll Association