Payroll Manager

What is a Payroll Manager?

Duties

Here is a look at the day to day duties to be followed by payroll managers:

• Execute the processing of every employee’s payroll payments at a regular basis, whether bi-weekly or monthly, via the appropriate channels.
• Make sure that payroll staff are updating records through evaluation and review of changes in aspects such as job titles, insurance coverage, exemptions, etc.
• Update and complete documentation required by Human Resources and other departments, for approval by the senior management.
• Monitor and review current payroll, tax and benefits processes to keep these in line with company best practices.
• Keep up to date regarding company policies and procedures for interpretation and application alongside other payroll guidelines and employment regulations.

Day In The Life 

The payroll manager serves an important function at any organization and you can look forward to a busy schedule through the day. As a top-notch payroll manager, you learn to anticipate problems in advance and mitigate them for the organisation before they may arise. You will constantly be assessing systems in place at the office and how they could be improved.

You will be spending many hours working on processing and disbursing payroll in accordance with federal and state laws. You are also the person responsible for making sure that your team is performing at the optimal level through open communication and coordination with other departments.

Other aspects of the work that will require your attention long-term includes analysing existing payroll processes and keeping an eye out for potential upgrades in the work structure. To this end, you may also review tax and benefits procedures and find the speediest solutions for implementation. You are also directly involved in overseeing the processing of new hires, contractual employees, transfers, terminations and promotions.

Work Schedule

Payroll management is mostly office-based routine work that follows the standard 40 hours per week working schedule. It is a rare that a payroll manager needs to work overtime or during the weekends. The main task of Payroll Managers is to manage all payroll processing duties, coordinate payroll activities, and supervise payroll staff. which can be done within a flexible time frame each month. That is why different types of companies may have different systems for the payroll managers. Some payroll managers will work part-time with 15-25 hours a week and get their job done. In most cases, payroll management is integrated within the HR department without dedicated personnel. Accordingly, this job is a preferable choice for anyone looking for an easy going job that maintains life-work balance.

Projected Job Growth

There is no clear statistics determining the growth of demand for payroll managers in the market because the tasks related to payroll management is integrated within the HR departments. Hiring of dedicated of payroll officials is currently rare because of the availability of automated systems for the management of these tasks. Essentially, these programs still require human supervision, but this is usually done by HR agents. Gusto, OnPay, QuickBooks Payroll and Paychex are among the most popular payroll computer programs. In general, the payroll managers employment rate of employment is still closely tied to the health of the economy and number of companies and corporations working and growing.

Typical Employers

Payroll managers may be hired by any medium or large-sized company that need dedicated personnel to manage the payroll related work. Payroll managers can also work for companies that provide HR and payroll outsourcing services as Bank of America, PayUSA, SurePayroll, TalentKeepers and HR Unlimited. It is also very common to get dedicated payroll managers hired in governmental authorities and public universities that have large number of employees. They also need to manage legal issues related to the payment of the salaries including the submission of the required documents. Payroll managers can also work for tax preparation services companies that help individuals or companies calculate the correct amount of taxes and fulfill the taxation requirements.