Benefits Think

Overheard: ‘Everyone loves payday’

You bet they do, perhaps me first among them! And this is the week to celebrate it. ADP – provider of many things HR, payroll and benefits-related – leads the nation in National Payroll Week (Sept. 7-11), which aims to educate American workers about paychecks, the payroll withholding system and other payroll-driven benefits by offering tips to help maximize payday.

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"Everyone loves payday, but many people don’t realize there are ways to better manage and maximize earnings without getting a raise," says Benito Cachinero-Sánchez, corporate vice president of human resources at ADP. "Taking advantage of direct deposit and pretax and tax-advantaged programs, such as flexible spending accounts and employee savings plans, can provide significant financial benefits – now and for the future."

The 2009 campaign features a webinar titled, “Ten Things You Should Know About Your Paycheck,” which includes information about:
* The W-4 form and employee withholding allowances.
* How direct deposit can help employees save time and money.
* Tax-advantaged programs, such as cafeteria plans, employer savings plans and FSAs.
* New programs, such as the Making Work Pay tax credit and COBRA discounts
"National Payroll Week celebrates the hard work by America's 156 million wage earners and the payroll professionals who pay them," says Dan Maddux, Executive Director, American Payroll Association.

I say we celebrate right along with them!


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