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Should You Become A Payroll Specialist?
Are you thinking of a career in accounting or finance, but don’t know which place to start? Well, why don’t you go for a career in payroll preparation? As long as there are employers and employees, companies will need someone to take care of their payroll.
What Do Payroll Specialists Do
Payroll involves lots of computations such as timekeeping, wage calculations for overtime, vacation time, and sick days as well as government reportorial requirements. The job mainly involves calculating and applying various tax deductions to the amount of compensation due to each employee.
Ensuring the accuracy of the paychecks is the main duty of a payroll specialist. He also ensures that voluntary deductions are property deducted, prints paychecks, and performs direct deposit and recordkeeping duties.
When employees leave through termination, resignation, or retirement, payroll specialists will prepare the necessary documents. They will also prepare the necessary documents when the company hires a new employee.
What Skills Are Best Suited for a Payroll Specialist
• Math skills
• Tax law
• Computer proficiency
• Ability to multitask
• Critical thinking
• Neat
• Organized
• Interpersonal skills
• Diplomacy
Payroll Career Path and Salary
When you become a payroll specialist, you often start with being a payroll clerk and work yourself up to payroll supervisor, payroll manager, or payroll director.
In the Philippines, salaries for entry-level payroll positions can range from PhP12,000 – PhP25,000 depending on experience. In the United States, you can expect $30,000 - $55,000 in annual salary.
For those who want to go higher up the ladder and move sideways to another accounting position, you will need to get a college degree or even an MBA.
Is This For You?
While a payroll specialist career can be a routine, it is a great job for someone who has a strong interest in payroll tax law, payroll computations, and the interpersonal side of talking to employees about their wages.
You can start your payroll career with just a high school diploma. However, if you want to set yourself apart from all the other candidates, it is best that you have a payroll specialist certification under your belt.
Are you interested in high-flying payroll career? Contact us at 576.4423 and take the first step into being a TESDA-certified Payroll Specialist.
Here, you’ll learn the following:
• Statutory compliance/legal requirements and aspects in payroll
• Tax implications in payroll
• Accounting and recordkeeping in payroll
• Accurate calculation of payroll
• Future trends and best practices of payroll
• Outsourcing the payroll process
• Roles of the payroll specialist
• Employer payroll obligations
Get started on your new career. Call us today!
For future inquiries you may contact us:
Tel. No.:(632)576 4423 | (632)310.3857 | (632)215.4824
Mobile No's.: 0918.990.72.78 | 0917.854.1357
Website: http:// eaa.edu .ph/
Email: info@eaa.edu.ph
Yahoo Messenger: eaaeduph@yahoo.com
Location: 1006 Rufino Plaza 6784 Ayala Avenue Makati City Philippines 1223
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