Are you someone who is organized and adaptable? Can you stay updated on employment legislation? Do you have natural leadership skills? If so, becoming a payroll manager might be the perfect career path for you. In this role, you would be responsible for leading payroll operations in organizations and providing guidance on payroll matters.
As a payroll manager, your duties would include leading and providing strategic direction to payroll staff, ensuring accurate and timely payment to employees, coordinating tasks within the payroll team, managing the annual budget for the payroll department, and training and motivating the team. Additionally, you would be responsible for payroll administration tasks, ensuring compliance with occupational health and safety policies, calculating and processing taxes, managing benefit programs, advising employees on benefits and retirement eligibility, and ensuring the effective processing of payroll and benefits.
It's important for payroll managers to have a strong understanding of employment legislation to ensure compliance with pay policies and accurate completion of government forms such as T4 slips. They also act as a liaison between other departments, assisting with the implementation of collective agreements and providing payroll policy advice. Payroll managers typically work in office environments and require attention to detail, professionalism, strong communication and leadership skills, time-management abilities, and the ability to handle pressure and maintain confidentiality.
If you're interested in this profession, keep in mind that it typically requires 2 years of post-secondary education and the average salary is $41.39 per hour. While certifications are not regulated, there is a demand for approximately 4,300 payroll managers per year in each province.
In terms of career options, some payroll managers may also take on additional roles in human resources or accounting, especially in smaller organizations. For more information on related occupations, you can refer to the profiles of Human Resources Professionals, Accountants, and Accounting Technicians.