Payroll administrators are responsible for paying employees and transferring funds to retirement accounts and insurance funds. Employers may require payroll qualifications such as accounting licenses or HR experience, and some offer on-the-job training for software programs. Many colleges offer payroll processing courses.
Employees and payroll administrators are responsible for paying company employees, deducting taxes from wages, and transferring funds from wages to retirement accounts and insurance funds. Many companies do not require employees to undergo any form of formal training. However, many colleges offer payroll processing courses, and some companies require employees to obtain these payroll qualifications or have a college degree. Other types of payroll qualifications that employers prefer include accounting licenses and various types of human resources credentials.
Generally, employers require employees in the payroll department to have graduated from high school. Many colleges offer short, non-degree courses in payroll processing or accounting and these types of payroll qualifications are often sought after by employers. In some cases, accounting courses may cover general accounting practices rather than payroll, but the concepts learned during these sessions can be applied to payroll work as well as other types of administrative work.
Large companies employ a large number of employees and some companies prefer that senior employees have an extensive knowledge of accounting, as payroll processing can be quite complex when a larger number of workers and significant amounts of money are involved. In many countries, regulatory authorities or accounting associations administer accounting examinations, and successful candidates receive licenses or certificates of completion. These accounting credentials are among the payroll qualifications that are often listed as job prerequisites in job listings. In addition to formal accounting courses, some colleges offer accounting classes during which basic accounting principles are taught. People who attend these classes often get jobs as payroll clerks.
In some companies, human resources (HR) personnel are responsible for negotiating employee salaries and processing payroll. Consequently, people looking to work in the payroll department typically need to have previous HR experience. Some colleges offer professional classes in HR management, and sometimes these classes include a segment on payroll processing. Additionally, some employers prefer to hire employees with degrees in accounting-related disciplines, such as math or finance, while other firms look for candidates with a bachelor’s degree in HR management.
Information technology (IT) companies market certain types of payroll programs to businesses of all sizes. Some IT companies send corporate trainers to conduct on-the-job training, during which employees are taught how to use this software. Other companies assemble training modules online or ship training materials with software programs. Because many software programs are used across the industry, some employers require candidates to undergo some form of software training, and in some cases, the payroll qualifications these companies are looking for may include a certificate of conclusion.
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