Increasingly complex tax laws and benefits make paycheck calculation a challenging task. Many companies outsource parts of the payroll function.
"One of the real values of using a payroll service is the confidence it provides - knowing that employees' paychecks will be processed on time and accurately," said Walter Turek, senior vice president, sales and marketing for Paychex, Inc.
About 9.3 percent of respondents, 4,200 of more than 45,000 American employees surveyed, indicated they are not confident their paychecks are accurate. Much of this uncertainty is related to manual timekeeping processes.
"While nearly 90 percent of workers report that they are 'certain' their paycheck withholdings are correct - a testament to the many hard-working payroll professionals - nine percent report some level of uncertainty," explains Robert Farina, CEO of CyberShift. "With continued adoption of workforce management solutions, organizations enable payroll professionals to ensure accurate paychecks and eliminate the gap of uncertainty."