New research has revealed that a delayed paycheque would leave more than half of working Canadians struggling to cover their bills, BPM reports.
The survey, released by Employment Hero, gathered responses from over 1,000 working Canadians and found that payroll errors and delays have a significant impact on both employees and businesses.
The poll revealed that 51 per cent of workers rely on their employer to ensure payroll is processed correctly and on time. Yet, over the past five years, 38 per cent (around 7.8 million Canadians) have reportedly experienced a paycheque inaccuracy or delay. Of those affected, 62 per cent stated that the issues occurred with multiple paycheques.
The survey also found that 74 per cent of employees would feel negatively toward their workplace if a paycheque was delayed. But only 55 per cent of respondents said they would definitely inform their employer if they were overpaid.
Kevin Kliman - president of Canadian Business at Employment Hero - said, “When people don't get paid properly or on time, it’s not just a payroll error – it’s a broken promise.”
Mr Kliman said that in today’s economy, every dollar counts and Canadians cannot afford to be left waiting because of outdated, unreliable systems.
He added that payroll is “the backbone of people’s financial stability and a foundation of trust between employers and their teams.”
Though payroll errors are common, the poll showed that only 69 per cent of Canadians review their paycheques at least once a month. Nearly one-third do not review regularly, increasing the chance of mistakes going unnoticed.
Mr Kliman said, “When payroll goes wrong, employees pay the price – from delayed paycheques putting strain on their budget to a mistake making their tax returns a nightmare.”
Employment Hero reportedly detailed four areas employees should review on their payslips: timeliness of payment, accuracy of amounts including overtime and bonuses, deductions such as taxes and benefits, and hours worked.
Source: BPM
(Quotes via original reporting)
New research has revealed that a delayed paycheque would leave more than half of working Canadians struggling to cover their bills, BPM reports.
The survey, released by Employment Hero, gathered responses from over 1,000 working Canadians and found that payroll errors and delays have a significant impact on both employees and businesses.
The poll revealed that 51 per cent of workers rely on their employer to ensure payroll is processed correctly and on time. Yet, over the past five years, 38 per cent (around 7.8 million Canadians) have reportedly experienced a paycheque inaccuracy or delay. Of those affected, 62 per cent stated that the issues occurred with multiple paycheques.
The survey also found that 74 per cent of employees would feel negatively toward their workplace if a paycheque was delayed. But only 55 per cent of respondents said they would definitely inform their employer if they were overpaid.
Kevin Kliman - president of Canadian Business at Employment Hero - said, “When people don't get paid properly or on time, it’s not just a payroll error – it’s a broken promise.”
Mr Kliman said that in today’s economy, every dollar counts and Canadians cannot afford to be left waiting because of outdated, unreliable systems.
He added that payroll is “the backbone of people’s financial stability and a foundation of trust between employers and their teams.”
Though payroll errors are common, the poll showed that only 69 per cent of Canadians review their paycheques at least once a month. Nearly one-third do not review regularly, increasing the chance of mistakes going unnoticed.
Mr Kliman said, “When payroll goes wrong, employees pay the price – from delayed paycheques putting strain on their budget to a mistake making their tax returns a nightmare.”
Employment Hero reportedly detailed four areas employees should review on their payslips: timeliness of payment, accuracy of amounts including overtime and bonuses, deductions such as taxes and benefits, and hours worked.
Source: BPM
(Quotes via original reporting)