An iPoll in the Payroll research area asked about the status of using \u201conly<\/span> paperless-pay statements\u201d (in other words, not doubling up, with Electronic Pay Statements in addition to paper pay statements).\u00a0\u00a0 The results show that 57% have implemented and 18% have approved the idea, with implementation incomplete.\u00a0 25% are either evaluating or have decided not to implement. \u00a0Here are the details: When we consider the biggest challenges to implement, 42% cited issues with providing secure access for employees to their statements as the biggest obstacle.\u00a0 20% of the companies cited issues with state regulations as the biggest obstacle.\u00a0 For 15% of the companies, no significant challenges exist.<\/p>\n To explore this topic in more detail, a PeercastTM<\/sup> in the Payroll research area featured a global $5B manufacturing company that had outsourced much of its Payroll process to a 3rd<\/sup> party. \u00a0Even though their implementation used a third-party electronic solution, the implementation was designed and managed by company employees.<\/p>\n Here is a bullet point list of key discussion points:<\/p>\n Cost Savings Identified<\/p>\n Benefits Achieved<\/p>\n Timeline<\/p>\n State Regulation Issues<\/p>\n Roll-out of the March 2010 Mandate<\/p>\n For our feature company, mandating Headquarter employees to go paperless created an immediate critical mass of users that could be pointed to as an example for other employees around the globe.\u00a0 For these employees, paperless continues to be strongly encouraged<\/a>, with ongoing efforts to have all employees make the transition.<\/p>\n How does your company approach implementing Electronic Pay Statements and what role does Shared Services or your Payroll organization<\/a> play?<\/p>\n Who are your<\/em> peers and how are you collaborating with them?<\/p>\n \u201cPeercastsTM<\/sup>\u201d are private, professionally facilitated webcasts that feature leading member company experiences on specific topics as a catalyst for broader discussion.\u00a0 Access is available exclusively to Peeriosity member company employees, with consultants or vendors prohibited from attending or accessing discussion content.\u00a0 Members can see who is registered to attend in advance, with discussion recordings, supporting polls, and presentation materials online and available whenever convenient for the member.\u00a0 Using Peeriosity\u2019s integrated email system, Peer MailTM<\/sup>, attendees can easily communicate at any time with other attending peers by selecting them from the list of registered attendees.<\/p>\n Peeriosity members are invited to login www.peeriosity.com\/shared-services\/<\/a>to join the discussion and connect with Peers.\u00a0\u00a0 Membership is for practitioners only, with no consultants or vendors permitted.\u00a0 To learn more about Peeriosity for Shared Services, Click here<\/a>.<\/p>\n <\/p>\n <\/p>\n <\/span><\/span><\/span><\/p>","protected":false},"excerpt":{"rendered":" Implementing electronic pay statements is one of the biggest savings opportunities that exist in Payroll, with a potential savings of multiple dollars for every paycheck issued.\u00a0 Implementing doesn\u2019t mean \u201celectronic in addition to paper\u201d; it means eliminating the cost and headache of creating, printing, and distributing paper pay statements. \u00a0If your company\u2019s statistics are good […]<\/p>\n <\/span><\/span><\/span><\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[7],"tags":[],"acf":[],"yoast_head":"\n<\/p>\n
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