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Up in the Clouds with Payroll – the challenges payroll employees face!

We understand the complexities for payroll employees – so let’s talk about it!

A challenging role for the numerically minded and a vital role within any company, yet for payroll employees the role can be thankless!! Staff expect to be paid and paid correctly so if there’s a mistake or a misunderstanding as the payroll employee you will surely hear about it and often in not very nice tones!

So if this is your role then we know you are expected to pay employees accurately and on time, but we understand that your job includes much much more.

Your role often involves;

  • communicating with managers and colleagues to find out about new recruits (onboarding procedures that have legal ramifications if not followed),
  • calculating, checking & re-checking  time sheets,
  • managing internal role promotions,
  • calculating tax and superannuation contributions,
  • managing sick, annual, long service and maternity/paternity leave pay,
  • overseeing staff benefits & salary packaging.
  • interpreting varying Award and Enterprise Agreement variations
  • keeping up to date with constant changing PAYG and superannuation legislation?

And all of this must be done within strict deadlines!

Anyway, enough of the doom and gloom!

Whilst challenging and demanding there are many benefits to working in payroll. You can work in a variety of industries, there are strong job prospects (every company needs payroll employees – even if outsourced there needs to be someone with the knowhow overseeing it!). Having a qualification can increase your opportunities in the field, and with the introduction of cloud platforms, there could be greater flexibility offered to your role.

Did your ears prick up wthe the mention of job flexibility!

About the Cloud – these days many businesses are moving their payroll systems up onto it! This essentially involves storing and accessing data over the Internet. Cloud enables you to access your data from any device, anywhere in the world as long as you have a connection to the Internet. The aim is to reduce the time required to process payroll and allow companies more time to manage the crux of their business.

Sounds great – right?

So how does the Cloud benefit payroll employees? Well for starters employee time tracking is now automated (no more timecards to fill out, manual calculations of hours and date entry).

Other benefits include:

  • Ability to gain greater experience using advanced IT systems
  • Reduced paperwork to fill out
  • Less room for human error
  • Your pay runs will only take a few minutes instead of the hours it used to
  • You can spend more time on strategic work and less on the manual tasks
  • This could in turn lead to upskilling of your skills in other areas of the business
  • There could be flexible working arrangements offered – if you can access the data from anywhere, you can work from anywhere

Companies want payroll candidates who have good IT skills, strong accuracy and attention to detail, can think clearly and logically, display good organisational skills and an ability to work to deadlines, are team players, and who have a respect for confidentiality.

It’s possible to get into a payroll position with any qualifications, however the preferred areas of study are Accounting, Human Resources, Business, or Economics etc. Whilst good numeracy skills are very handy, it’s also important you have a wider understanding of employee relations and an ability to communicate clearly.

The future of payroll is ever evolving and we get it!  And further more we would love to assist you in your search for that right payroll career move so even if you are not actively searching the job market, McCormack Employment Services can do the leg work whilst you remain completely anonymous in the strictest of confidence.

Email us – Like us – Share us – Connect with us – Tweet us – Call us!  Whatever your preferred method of getting in touch we look forward to hearing from you!

The Team at McCormack’sThe Candidate & Job Bank!