Payroll Management: A Great Career
The payroll management services field is expected to grow by nearly thirty percent in the next five years, according to current available data. Career opportunities in this field are growing as well. Business, both small and midsize, will be looking for qualified and talented payroll specialists and payroll knowledgeable employees to fulfill the back office needs of these businesses. Qualified payroll specialists will be in great demand in the future.
A lot of companies need people who can nurture professional business contacts, people who understand the importance of good customer service and problem solving. They’re also looking for so-called “soft skills” which include proper phone manners, presentation expertise and a feel for networking. In addition, they seek those who have training in record-keeping, the fundamentals of payroll, as well as management and support systems.
In any given company, there are countless levels of employment. In payroll management in particular, there are managers, supervisors, clerks, and at least one sales executive. All of these employees work as a team to ensure that the company’s employees receive their pay in a timely manner. They also work to ensure compliance with various local, state, and federal laws, especially those relating to taxes, insurance, and sick and maternity pay.
Among the duties required in this instance are the daily keying in and processing of a business’s payroll and employee information. Weekly reports on production statistics as well as change of status forms must be prepared regularly. It can be a complicated job, inasmuch as different employees have different pay scales. The directors board meeting is where all decisions are made.
The payroll management skills for entry-level positions can be gained by combining hands-on training in the office with the guidance of colleagues and superiors. The majority of employers want someone who has graduated from high school. Personal skills are a definite plus. Those who have some sort of professional accreditation are more prone to land a job and command higher wages.
The American Payroll Association has a three course series, led by an teacher, in comprehensive payroll procedures and laws. This program is available at several colleges and universities throughout the US, with a certificate available to those who successfully complete it. The first of the three course series is Primary Payroll Skills, and covers in detail the basic knowledge necessary for payroll preparation, along with related application and calculating skills.
Essential Payroll Skills, the second course, will give you advanced knowledge of federal payroll laws and regulations. Advanced Payroll Skills is for those who need higher level training on payrolls, which is required for those seeking supervisory and managerial positions. Completing these two courses will give you the training you need to pass the FPC or CPP certification exams in payroll management.
The hierarchy in an organization consists of multiple layers. Below the persons designated as being “in charge” are sales executives, and lower level employees within payroll management. These employees all have a single goal, to ensure that everyone receives their proper compensation on time. The job isn’t as simple as it first appears. Weekly reports on production statistics and change-of-status forms are typical forms that this management must prepare, all the while record-keeping for the different types of employees and their various pay scales and types. Any top-level decisions outside each day situations are made in the directors board meeting.
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