Labor Day kicks off National Payroll Week, a public awareness campaign that highlights all payroll professionals around the country and the important work they do. Did you know Xenium pays 12,103 people through our payroll system? It’s a big job maintaining accuracy and timeliness for that many paychecks, and we’re showing our thanks for our payroll department’s excellent work by participating in National Payroll Week.
Xenium’s payroll division doesn’t just cut checks, though. The department is also required by law to withhold the correct deductions for federal, state and local taxes for every single paycheck issued. (American payroll professionals collect and report 70.5% of all federal revenues!) A significant part of the job is preventing delays and errors; if a check went out late or with the wrong tax withheld, for example, there could be serious financial consequences for the employee and for Xenium and Xenium’s clients’ bottom lines.
“A paycheck that has a single mistake can result in noticeable morale problems and reduced productivity,” says payroll manager Alexis Beix. “It is our job to ensure that each and every employee is paid accurately and on time.”
According to senior payroll specialist Kristy Roberts, “Payroll is the one corporate function where 99.9% accuracy is simply not good enough. Its operations are regulated more closely than perhaps any other company division and scrutinized by a myriad of local, state, and federal agencies, auditors, collection agents, and, of course, by Xenium’s clients and employees.”
But our payroll team doesn’t just hide away and crunch numbers. They’re here to help clear things up for the rest of us, too. Have you ever wondered what percentage of your salary should be deducted for FICA, SS, MED, and 401(k), much less what these abbreviations mean? Where does your money go between “gross pay” and “net pay”? The members of our expert payroll department—Alexis, Kristy, Janet, Stacy, Abby, Amy, Michelle, Jeanine, Elizabeth, and Nicole—are available to answer these kinds of questions.
National Payroll Week is spearheaded by more than 21,000 members of the American Payroll Association in partnership with federal and state agencies, NPW National Sponsors, local chambers of commerce, professional tax and human resource associations, and companies across the United States.
Paying people correctly is not as simple as it sounds. To show our thanks, we’re participating in National Payroll Week through our 3rd Annual Spirit Week, taking place Monday, September 4th through Friday, September 8th. To kick off the week, we will be closed Monday to celebrate Labor Day. Then, Tuesday is Patriot Day, Wednesday is Green Day (the color of money), Thursday is Xenium Day, and Friday is Decorate your Desk Day. We love to be “free” spirits—but we love it even more when we get paid!