18 Fun Facts About Payroll

18 FUN FACTS ABOUT PAYROLL FOR NATIONAL PAYROLL WEEK We're celebrating National Payroll Week at Wagepoint by bringing you 18 weird and not-so-weird facts about Payroll. USA FACTS SEP The American Payroll Association founded 1-5 National Payroll Week in 1996. There are 156 million wage earners 68.9% in America today. Through the payroll system they contribute, collect, report and deposit approximately $1.97 trillion or 68.9% of the annual revenue of the US treasury. of the ANNUAL REVENUE 3 2012 2017 4.6 MILLION CARDS 10.8 MILLION CARDS In the US, in 2012, $34 billion was loaded onto 4.6 million active payroll cards. That number is expected to reach $68.9 billion and 10.8 million cards by 2017. Americans fantasize more about money than they do sex. The average orthodontist in the US earns more than a CEO $62 BILLION Warren Buffet of Berkshire Hathaway is AND RISING the richest person in the world 66% 66% of Americans would Over 1 million accountants experience financial difficulty if their paycheck were delayed by 1 week. are hired every year in America to help with taxes. CANADIAN FACTS There are over 1.1 million businesses in Canada with at least one employee on the payroll. 10 The province of 11 The largest money monument is found in Sudbury, Ontario, Canada. The “Big Nickel" stands 9 meters high and is 61 centimeters thick. It is not Saskatchewan reported the highest growth in weekly earnings – with wages rising 4.7%. made of nickel. 12 More Canadians today are now open to accepting a part of their wages in crypto-currency Bitcoin. OTHER FACTS 13 Three top trends in payroll: • Saas solutions • Employee access • Mobile access 54% of employers indicate there is room for improvement in their global payroll practices and policies. 16 15 The term "check" comes from the game of chess. American Express produced the first credit card in 1951. 17 18 "ТАХО" The word Tax is from the The Russian Emperor Peter the Great placed a tax on Latin word taxo, which beards in 1705 means, "I estimate". Wagepoint The simple, fast & friendly way to pay employees. www.wagepoint.com Sources • Aite Group • National Payroll Week – American Payroll Association • CBC - http://www.cbc.ca/news/business/salaries-paid-in-bitcoin-a-growing-trend-in-canada-1.2752441 • http://paysavvy.com/blog/the-three-latest-payroll-trends/ · E&Y Global Payroll Survey • Wall Street Journal - http://blogs.wsj.com/economics/2014/04/01/orthodontists-earn-more-than-ceos-10-facts-about-wages-in-america • Happy Worker • http://www.happyworker.com/magazine/facts/weird-and-wonderful-money-facts#.VA8iyGRdV1Q • National Payroll Week • http://www.statcan.gc.ca/daily-quotidien/140130/dq140130a-eng.htm • http://facts.randomhistory.com/tax-facts.html CH