If you’re good in numbers, have a keen interest in
the field of accountancy and can handle pressure well when working to meet
deadlines, a career in payroll
management may suit you. As a payroll manager, you would be expected to
manage the payroll department of the organization you work with, supervise and
train the payroll team, advise on pay taxes, pensions and benefits and pay
laws, and audit payroll to make sure standards and regulations are met.
In addition, it would be your job to look in to the
company’s benefit scheme, ensuring that employee benefits are managed properly.
You would also need to conduct pay reviews in conjunction with the HR
department. The job responsibilities may also include calculation overtime, pay
increases, shift payments, tax deductions, insurance payments and processing
maternity pay and expenses.
Seeking Employment in Payroll Management
Payroll
management is a specific professional discipline. Therefore, to get
into this job you would need to have undergone a course in payroll. And with
this, you would also need relevant experience in payroll. Employers would be
equally interested in your business communication, strategic compensation,
critical thinking and human resources management skills while hiring you. They
may also like to assess your understanding of pay laws.
A postgraduate certification program in payroll
management can prepare you for employment in payroll. You will gain extensive
knowledge base, develop and enhance crucial skills in a number of areas, and
gain hands-on training to begin working as a payroll generalist.
Education and Training
Choosing the right program that helps you build
strong theoretical grounding and gives practical hands-on training is really
important to enhance your employability. Although a number of colleges in
Canada offer postgraduate certification courses in payroll but not all are
accredited and incorporate hands-on training.
Centennial College’s certification program in
payroll is delivered in partnership with the Canadian Payroll Association
(CPA). This ensures program quality. Additionally, qualified students are
eligible to earn the Payroll Compliance Practitioner (PCP), a professional
designation granted by the association.
The one-year program covers a wide range of
subjects, including Fundamentals of Financial Accounting, Payroll Compliance,
Strategic Compensation, Management Accounting for Human Resources, Payroll
Systems, Pensions and Benefits, Business Communications, Fundamentals of
Project Management, Human Resources Management and Contemporary Organizational
Behaviour.
The program uses classroom lectures, simulations,
case-studies and project-based learning, placing an emphasis on:
- Emerging trends
- Issues in payroll
- Changing legislative requirements
- Use of promising technologies
- SAP application
The program offers you the knowledge, skills
(accounting, IT, communication, logical thinking, and problem solving and
leadership skills) and training that you would require for the job in a
relatively short period of time. You also develop and enhance project
management, business report writing, teamwork and presentation skills.
Career Outlook
There is a huge demand for professionals who have
specialized knowledge in all aspects of payroll. The program graduates can find
employment in all industry sectors as payroll accountants, general accounting
coordinators, payroll clerks/officers, small business bookkeepers, accountants
and payroll and benefits administrators.
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