Payroll management is crucial to all organizations, regardless of their sizes because salaries, wages, bonuses, deductions and taxes considerably affect their financial status, overall image and employee morale. The primary aim of payroll department is to ensure that the employees are accurately and timely paid; taxes are properly filed; and income is appropriately managed.
The employment prospects are bright in payroll management and job opportunities are expected to increase further in the years to come. Businesses of all sizes are keen in hiring talented, qualified and experienced payroll personnel to manage their payroll system. You may consider enrolling in a payroll management program, if you’re interested in a career in this field.
A course in payroll will help you gain an extensive knowledge base and develop and enhance crucial skills in key areas, preparing you for career success as a payroll professional. This is a graduate certificate program that runs for one year. It trains you in:
=> Fundamentals of Financial Accounting
=> Business communications
=> Payroll compliance
=> Strategic compensation
=> Human resources management
=> Management accounting
=> Contemporary organizational behaviour
=> Pensions and benefits
=> Payroll systems
=> Project management
In addition to this, you will also study emerging trends and issues in payroll management, learn to use promising technologies and gain an understanding in changing legislative requirements. The program is short but intensive and covers all possible aspects of payroll system.
In order to apply for this program, you will need:
=> A three-year college diploma or four-year university degree in any discipline
=> A proof of English proficiency
=> To complete an assessment of numeracy skills
Your application may be considered even if you have completed a two-year college diploma or a partial university degree (75 %). However, in this case you will need a minimum of two years work experience relevant to this program.
As a graduate of this program, you will be able to work in payroll department of companies in every sector of the Canadian economy. You may seek employment as payroll and benefits administrator, payroll clerk or officer, payroll accountant, general accounting coordinator, human resource and payroll generalist or small business bookkeeper or accountant.
As mentioned earlier, the job prospects in this field are bright. Therefore, current is the best time to build a career in this field.
Studying Payroll Management in Ontario
Numerous colleges in Ontario offer such courses. However, you must conduct a thorough research before applying to a particular program. When making a decision, consider that the program you’re applying for:
=> Is delivered in partnership with the Canadian Payroll Association (CPA)
=> Provides you an eligibility to earn the Payroll Compliance Practitioner (PCP) – a professional designation granted by the association
=> Incorporates leading industry curriculum
=> Is taught by professionals with extensive industry and academic backgrounds
=> Emphasizes on emerging trends and issues in this discipline
=> Prepares you to work on SAP application
Centennial College’s program in payroll fulfills all the above mentioned criteria and prepares you for a sustainable and rewarding career in this field.