Paperless Payroll Wave Of Future
WALMART CONVERTED TO E-PAY SYSTEM TWO YEARS AGO
Posted: October 9, 2011 at 5:35 a.m.
The paper paycheck may soon be a relic as more local companies require employees to use electronic payroll options such as direct deposit or reloadable debit paycards.
“We have been targeted several times across the country from Amarillo, Texas, to Pasco, Wash., when fake payroll checks are printed in the back of the van and passed off on small, unsuspecting business owners. It, quite frankly, gives Tyson a black eye, despite the fact we had nothing to do with the scam.”
MARK HAYRE Tyson Foods director of payroll accounting
BY THE NUMBERS
PAYCHECK COSTS
251,572 pounds: The paper Walmart saves each year since converting to electronic payroll.
$156: Annual cost to cash weekly Tyson paycheck at Walmart.
11.6 percent: Tyson and Walmart employees in the local 224,000 person work force.
SOURCE: STAFF REPORT
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Business, Pages 11 on 10/09/2011
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