Managing payroll services is the primary duty of payroll administrators. After all, compensation is the only reason many employees come to work every day so a delay in payment can be a disaster for a company. Further, payroll professionals have to monitor social security contributions and taxes, which affect an organization's compliance with federal mandates.
Handling payroll isn't an easy task by any means as it requires continual oversight and adjustments. Administrators should be rewarded for their efforts, and next week is actually the perfect opportunity for that because it's National Payroll Week. According to the American Payroll Association's Richmond Chapter, this year's event runs from September 2 to September 6 and is sponsored by the APA. NPW began in 1996 to recognize the importance of payroll administration and honor employees for another year of hard work.
Payroll administrators throughout the United States should celebrate NPW, and below are some ideas on how to do just that.
Decorations
NationalPayrollWeek.com recommends decorating the office in honor of the event. Specifically, the news source mentions NPW-themed balloons and posters as possibilities. Payroll administrators should consider combining these ideas with some creative options.
For instance, instead of regular balloons, the department can use ones that are shaped like dollar signs or have the symbol emblazoned on the outside. A poster-sized paycheck can be hung in the office instead of a generic decoration that states that it's NPW.
Additionally, the news source recommends holding a special contest with a PayDay candy bar as one of the prizes. This is a fun way to celebrate and encourages the entire staff to participate instead of just the payroll department.
Education
Teaching workers about payroll management is an important aspect of NPW. Some employees don't understand how taxes are calculated and why certain amounts are withheld from every paycheck, so addressing these concerns can clear up a great deal of confusion.
Payroll administrators can host short seminars on wage management and talk about why taxes are usually taken directly from each check. This will go a long way toward ensuring that staff members are well-informed about how their compensation is handled.
Improving
Compensation management can always be improved. In honor of NPW, payroll administrators should consider investing in cutting-edge payroll processing software. The resource will ensure that representatives can easily keep track of all wages and calculate withholdings every pay period.
