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Graduates hit by payroll errors
Wednesday, 31 October 2007
Life after graduation
More than half of UK workers, including graduates, have been affected by mistakes with their payroll, according to a new survey.
The research, undertaken by ADP Employer Services and YouGov, revealed that 59 per cent of employees had been hit by a payroll error, with 41 per cent of those having being underpaid, while 17 per cent were overpaid.
At the same time the survey discovered nearly three quarters of employees do not understand information on their payslips, with particular confusion arising over tax codes and National Insurance payments.
Ian Sparrow, ADP freedom director, told Onrec.com: "A worrying number of pay errors are occurring, yet employers are not doing enough to ensure their staff remain vigilant.
"Payroll errors could not only cause both employers and employees to be out of pocket, they also cost payroll and HR professional's time in rectifying problems," he added.
A recent report by think-tank Reform claimed that, by 2012, university leavers entering the graduate recruitment market will face an effective tax burden of 49.1 per cent of their income.