The City & County of Denver is joining in the salute to the American worker and payroll professionals by participating in National Payroll Week, which coincides with the nation's Labor Day celebration.
There are over 12,800 people employed at the City who expect and demand that their paychecks be accurate and on time. National Payroll Week is a public awareness campaign that pays tribute to you and the more than 156 million people who work in the United States. National Payroll Week highlights the payroll professionals who support the American system by not only processing your wages, but also reporting your earnings and withholding employment taxes, which keep America running.
With each and every check issued, the Controller's Office, Payroll Division is required by law to withhold the correct deductions for federal, state and local taxes. (American payroll professionals collect and report 70.5% of all federal revenues.) Any delay or error has serious financial consequences that not only affect you, but the City & County of Denver's bottom line.
"A paycheck that has a single mistake can result in noticeable morale problems and reduced productivity" says Beth Machann, City Controller. "It is our job to ensure that each and every employee is paid accurately and on time."
The Payroll Division of the City is staffed with highly skilled professionals who are experts at meeting deadlines and answering employee inquiries and who know all local, state and federal tax rules and regulations. Have you ever wondered what percentage of your salary should be deducted for OASDI, MED, CO, and DERP, much less what these abbreviations mean? Where does your money go between "gross pay" and "net pay"? Is the right amount of federal and state income tax being deducted? These and other questions can be answered by your colleagues from the Payroll Division. They are the ones who shoulder the responsibility for paying you correctly - a task that is not as simple as it sounds.
Why? Because "payroll is the one corporate function where 99.9% accuracy is simply not good enough," said Bonnie Johnson, Payroll Director. "Payroll 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 City and County of Denver employees.
"National Payroll Week was designed to honor payroll professionals, but also to celebrate all American workers, because they generate the revenue needed to maintain and continue to build this country."
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.