Taking place on the 6 – 10 September, National Payroll Week was established to raise the profile and awareness of payroll in the UK.
It helps demonstrate the impact the payroll industry has in the UK through the collection of income tax and National Insurance; especially when you consider the £249 billion* paid to the government through income tax and national insurance contributions.
It aims to provide payroll professionals with a celebration week to highlight that they do more than just push a button and can benefit organisations through strategic decision making related to overall reward and remuneration.
Payroll is the largest expenditure in most UK organisations and therefore should be managed by qualified professionals. Payroll can save employees money through Payroll Giving, salary sacrifice and other arrangements which improves employee motivation and morale according to the CIPP ( Chartered Institute of Payroll Professionals)
Alice Wright, StC Payroll Giving, Operations Director said: “Because of the knowledge and expertise of payroll teams that we work with, right across the UK, charities can depend on the vital income from payroll giving donors. We thank them for their awareness and willingness to put their colleagues needs first.”
To celebrate National Payroll Week the CIPP is running a competition to identify the 2021 payroll hero – details here
* based on income tax and national insurance contributions as shown on Labour market overview, UK – Office for National Statistics (ons.gov.uk) The data suggests this has fallen by £730,000.