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TORONTO, Sept. 11 - This September 11th through 15th find a way to say "thanks" to your hardworking professionals in payroll-they deserve it. Now in its twelfth year, National Payroll Week (or NPW for short) recognizes the significant work that payroll and its professionals contribute to the national economy by "Keeping Canada Paid(TM)."
"Payroll is a huge factor in the Canadian economy. Annually, 1.4 million Canadian employers pay over $615 billion in wages and salaries," states The Canadian Payroll Association's (CPA) Chairman, Alan Sinclair. "They also remit $200 billion to The Canada Revenue Agency and the Ministère du Revenu du Québec; and more than $50 billion in health and retirement benefits, along with issuing 30 million T4s and RL-1s, making payroll mission-critical to business, government and employees."
To manage this crucial function, employers should hire professionals who have the broad knowledge and skills to administer payroll accurately, on time, in compliance with the many legislative requirements, and perform its other related roles in an organization. Payroll practitioners play a major communications role in an organization's compensation and benefits programs. They ensure statutory remittances and benefits payments are made to external organizations, that legislative compliance requirements are met, and that accounting and management systems receive vital data.
The CPA does extensive market research to understand Canadian employers' payroll requirements. The results from the CPA's "Roles and Responsibilities" survey (2005) of employers and payroll practitioners showed that 66% are multi-taskers, who perform payroll, accounting, information technology (IT) and human resource (HR) activities, with only a third (34%) working solely in the traditional payroll department. Both management and practitioners stated that they want payroll to add more value to their organizations by providing advice on compliance and remuneration responsibilities such as employment standards, health benefits, retirement programs, compensation, and payroll-related IT systems.
Payroll professionals are also the primary communications point on wages and benefits for both employees and management. Communications is the most common activity for every level from payroll administrator and coordinator to supervisor and manager. The CPA has responded to this by adding significant communications content to its redeveloped certification programs. In addition, it has made communications the key deliverable at all of its 21 NPW events across the country from September 11th to 15th, by providing attendees with effective communications tips.
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For Payroll and Human Resource Professionals
