payroll managers who manage the payroll function, the payroll staff and represent payroll at the management level
Payroll administrators should know the following to effectively perform their duties:
@@ -136,7 +135,7 @@ their duties:In addition, payroll reporting includes accounting for payroll expenses and accruals to internal financial systems and federal and provincial/territorial year-end reporting.
The technical skills required by payroll professionals include proficiency in computer programs such as payroll software and financial systems, spreadsheets, databases and word processing.
@@ -147,7 +146,7 @@ As a payroll practitioner, you must be prepared and willing to embrace continuous learning.The following personal and professional skills will assist payroll administrators in dealing with the various stakeholders involved in the payroll process:
@@ -162,7 +161,7 @@ payroll process:Behaviour and ethics are two areas that build on the skills that an effective payroll practitioner must have. Effective payroll professionals should be:
@@ -185,8 +184,11 @@ must have. Effective payroll professionals should be:dealing with questions and inquiries
- @@ -198,11 +200,12 @@ must have. Effective payroll professionals should be:
The primary objective of the payroll function in every organization is to pay employees accurately and on time, in compliance with legislative requirements, for a full annual payroll cycle.
What is the primary objective of the payroll department?
- Payroll administrators should know the following to effectively perform
+
+ Payroll administrators should know the following to effectively perform
their duties:
-
-
- Payroll Compliance Legislation:
-
- the Income Tax Act, the Employment Insurance Act, the Canada Pension Plan Act, Employment/Labour Standards, privacy legislation, Workers’ Compensation and provincial/territorial payroll-specific legislation
-
-
- Payroll Processes:
-
- the remuneration and deduction components of payroll and how to use these components to calculate a net pay in both regular and non-regular circumstances
-
-
- Payroll Reporting:
-
- how to calculate and remit amounts due to government agencies, insurance companies, unions and other third parties.
-
- In addition, payroll reporting includes accounting for payroll expenses and accruals to internal financial systems and federal and provincial/territorial year-end reporting.
-
- The technical skills required by payroll professionals include proficiency in
+
+
+ Payroll Compliance Legislation:
+
+ the Income Tax Act, the Employment Insurance Act, the Canada Pension Plan Act, Employment/Labour Standards, privacy legislation, Workers’ Compensation and provincial/territorial payroll-specific legislation
+
+
+ Payroll Processes:
+
+ the remuneration and deduction components of payroll and how to use these components to calculate a net pay in both regular and non-regular circumstances
+
+
+ Payroll Reporting:
+
+ how to calculate and remit amounts due to government agencies, insurance companies, unions and other third parties.
+
+ In addition, payroll reporting includes accounting for payroll expenses and accruals to internal financial systems and federal and provincial/territorial year-end reporting.
+
+ The technical skills required by payroll professionals include proficiency in
computer programs such as payroll software and financial systems,
spreadsheets, databases and word processing.
-
- Organizations often change their payroll and business systems to meet new
+
+ Organizations often change their payroll and business systems to meet new
technology requirements and corporate reporting needs. It is important for
payroll personnel to have the ability to be adaptable to changing systems.
As a payroll practitioner, you must be prepared and willing to embrace
continuous learning.
-
- The following personal and professional skills will assist payroll
+
+ The following personal and professional skills will assist payroll
administrators in dealing with the various stakeholders involved in the
payroll process:
-
- written communication skills, such as preparing employee emails and memos, management reports, policies and procedures and correspondence with various levels of government
-
- verbal communication skills, to be able to respond to internal and external stakeholder inquiries
-
- the ability to read, understand and interpret legal terminology found in documents such as collective agreements, benefit contracts and government regulations
-
- excellent mathematical skills to perform various calculations
-
- problem solving, decision-making, time management and organizational skills
-
- Behaviour and ethics are two areas that build on the skills that an effective payroll practitioner
+
+ written communication skills, such as preparing employee emails and memos, management reports, policies and procedures and correspondence with various levels of government
+
+ verbal communication skills, to be able to respond to internal and external stakeholder inquiries
+
+ the ability to read, understand and interpret legal terminology found in documents such as collective agreements, benefit contracts and government regulations
+
+ excellent mathematical skills to perform various calculations
+
+ problem solving, decision-making, time management and organizational skills
+
+ Behaviour and ethics are two areas that build on the skills that an effective payroll practitioner
must have. Effective payroll professionals should be:
-
- trustworthy, as the potential for fraud is ever present
-
- conscientious, with a keen attention to detail
-
- discreet, due to the confidential nature of information being handled
-
- tactful in dealing with employees who can be very sensitive when
-
- discussing their financial issues
-
- perceptive, able to understand all sides of an issue
-
- able to work under the pressures of absolute deadlines
-
- able to use common sense in order to recognize problems quickly and
-
- apply sound solutions
-
- able to remain objective and maintain a factual perspective when
-
- dealing with questions and inquiries
-
- The primary objective of the payroll function in every organization is to pay employees accurately and on time, in compliance with legislative requirements, for a full annual payroll cycle.
-
- Payroll is the process of paying employees in exchange for the services they perform.
-
- Legislation refers to laws enacted by a legislative body.
-
- Compliance is the observance of official requirements.
-
- Payroll practitioner knowledge consists of information on payroll compliance legislation, payroll processes and payroll reporting as well as technical, personal and professional skills.
-
- What is the primary objective of the payroll department?
-
+ Payroll Content Knowledge
+
+ ¶
+
+
+
-
-
-
-
- Technical Skills
-
- ¶
-
-
-
+
+
+
+
+ Technical Skills
+
+ ¶
+
+
+
- Personal and Professional Skills
-
- ¶
-
-
-
+ Personal and Professional Skills
+
+ ¶
+
+
+
-
-
-
-
- Behavioural and Ethical Standards
-
- ¶
-
-
-
+
+
+
+
+ Behavioural and Ethical Standards
+
+ ¶
+
+
+
-
-
-
-
-
-
-
-
- Content Review
-
- ¶
-
-
-
-
-
-
-
- Review Questions
-
- ¶
-
-
-
-
+
+++++
+- +
++ trustworthy, as the potential for fraud is ever present +
+- +
++ conscientious, with a keen attention to detail +
+- +
++ discreet, due to the confidential nature of information being handled +
+- +
++ tactful in dealing with employees who can be very sensitive when +
++ discussing their financial issues +
++
+- +
++ perceptive, able to understand all sides of an issue +
+- +
++ able to work under the pressures of absolute deadlines +
+- +
++ able to use common sense in order to recognize problems quickly and +
++ apply sound solutions +
++
+- +
++ able to remain objective and maintain a factual perspective when +
++ dealing with questions and inquiries +
+
+++++
+- +
++ The primary objective of the payroll function in every organization is to pay employees accurately and on time, in compliance with legislative requirements, for a full annual payroll cycle. +
+- +
++ Payroll is the process of paying employees in exchange for the services they perform. +
+- +
++ Legislation refers to laws enacted by a legislative body. +
+- +
++ Compliance is the observance of official requirements. +
+- +
++ Payroll practitioner knowledge consists of information on payroll compliance legislation, payroll processes and payroll reporting as well as technical, personal and professional skills. +
+
+ What is the primary objective of the payroll department? +
+