Payroll specialists can be found in many industries from small businesses to large organizations. Job responsibilities often include payroll processing, maintaining personnel databases, and managing budgetary expenditures. Knowledge and experience with tax laws, union contracts, wage and hour laws, and common fiscal procedures are important. Most payroll specialists are expected to have a good understanding of budgetary operations. Payroll specialists report to a supervisor who oversees the department. Flexible hours, including evenings and weekends, may be required.Successful payroll specialists are able to multitask and manage time in a fast-paced environment. They may also be expected to work directly with clients and to successfully address and resolve employee complaints and concerns. A broad range of computer skills are necessary. Payroll specialists often work with online database programs and payroll processing, as well as Microsoft Office applications. Specialists may be called on to prepare reports and to provide accurate company data to management. Clerical skills also are very important. Within one work day, a payroll specialist may be performing data entry, verifying accuracy, maintaining files, preparing mail-outs, addressing contract issues, and answering calls and emails to clients and employees.Payroll Specialists must be self-motivated, detail-oriented, and work well with numerical data. They must also have excellent customer service skills. A high school diploma or GED is required, while an associate's or bachelor’s degree in accounting or business is often preferred.

According to recent data, the role of Payroll Specialist in Canada is projected to experience steady growth in the market. Over the past 10 years, this job has seen a consistent rise in demand and is expected to continue in the future. With increasing complexities in payroll management and the need for accuracy, the importance of this position is evident. The job market anticipates a substantial number of employment opportunities for Payroll Specialists in the coming years, highlighting the significance of this role in organizations across various industries. Google's latest data supports these projections.

How to Learn

As a Payroll Specialist with 6-9 years of experience in Canada, your main responsibilities include:<ul><li> Managing payroll operations, ensuring accurate and timely processing of employee wages, benefits, and deductions. Oversee payroll processing, including data entry, calculations, and reconciliations.</li><li> Administering statutory deductions and remittances, such as income tax, CPP, and EI. Ensure compliance with federal and provincial tax regulations and submit accurate remittances.</li><li> Resolving payroll discrepancies and addressing employee inquiries related to pay, deductions, and benefits. Investigate and resolve any discrepancies or issues raised by employees promptly and professionally.</li><li> Collaborating with HR and finance departments to ensure seamless payroll integration and accurate reporting.</li></ul>

Roles & Responsibilities

Average take home Salary for a Payroll Specialist in Canada is around $47806 per year

Salary Breakup

Payroll specialists are found across a variety of industries, from small companies to big companies. The main responsibilities of a job are payroll processing, maintaining employee databases, and coordinating the budgetary expenses. Experience and knowledge of taxes and union contracts as well as wages and hours laws, and the common fiscal procedure are essential. Payroll specialists are expected to possess an knowledge of budgetary procedures. Payroll specialists are accountable to an administrator who supervises the department. Flexible hours, such as weekends and evenings, could be necessary.

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Payroll Specialist

Salary Breakup

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