For years payroll operations teams have been ensuring that you leave your job with your paycheck. Although payroll processing technology is making this easier than ever, it is still a tough job. So if you want to help celebrate these people and show some appreciation for them, here are some fun facts you can share in the office.
There’s a National Payroll Week
The National Payroll Week was founded in 1996. This event aims to celebrate the relationship between workers, payroll professionals, companies, and the government. Did you know the week even has a theme song?
President Roosevelt Hit the Upper-Class Hard
In 1935, FDR raised the taxes for Americans, making more than $5 million to 79 percent. At the time, the only person affected by this was John D. Rockefeller.
There’s a Candy Named After It
In 1932 a new candy bar came into existence. However, the creators couldn’t come up with a name for their delightful invention. Then, as they realized they were getting paid today, they suggested calling the new treat Payday.
Most People Get Paid Biweekly
Almost 40 percent of businesses pay their employees every other week. Other common pay schedules include weekly and semimonthly.
Most People Are Hourly Workers
Almost 80 million people in the United States work for hourly wages. That’s about 60 percent of the workforce.
Payroll Wasn’t Always About Cash
Archaeologists have spent a lot of time looking at pay stubs from Egypt and Mesopotamia. Apparently, beer and other goods were popular forms of payment aside from cash.
Many People Still Get Paper Checks
A lot of people today still receive paper checks despite the heavy reliance on the digital world. This is because about 20 percent of Americans are unbanked. That means they don’t have or use a bank account, so they can’t receive a direct deposit.
Remember, your payroll team does the important job of making sure you receive your paycheck at the end of the day. So take the time to thank them and brighten their day by sharing one of these fun facts.