Thursday, July 2, 2020

How to become a Payroll Administrator

How to become a Payroll Administrator Do you like to keep in control of the purse strings? You should be a Payroll Administrator…Becoming a Payroll Administrator involves making sure staff members are paid correctly, and on time. It means that you’ll be working with large sums of money on a daily basis, and to strict payment deadlines to make sure everyone gets exactly the right amount, at the right time.Typical duties for a Payroll Administrator include:Calculating hours staff members have workedCalculating and deducting tax, national insurance and pension paymentsAdding any statutory payments necessary, including maternity/paternity and sick payIncorporating additional pay, such as overtime, bonuses or salary increasesProcessing payment documentation for new starters/leavers, including issuing P45sIs it right for me?To be successful as a Payroll Administrator, first and foremost, you need to be good with numbers. Calculations can often be complicated, and with deadlines approaching, the ability to stay calm and col lected is also essential.Flexibility, and strong communication skills are other necessities.Other key skills include:Excellent attention to detailAbility to solve complex problems quickly and efficientlyTrustworthiness, discretion, and the ability to maintain confidentiality at all timesPAYE experience is advantageousProficiency in all areas of Microsoft Word, including ExcelCareer Progression? Payroll AdministratorUp to 25,000 Payroll ManagerUp to 35,000 HR ManagerUp to 40,000What's it really like? Being a Payroll Administrator is great, but it also comes with a lot of pressure. You have to make sure all your calculations are correct for everyone to get paid properly, and for a big company with hundreds of employees it can be a huge responsibility. But if you love working with numbers and doing a job that really matters, it doesn't get much better. Get qualifiedIt is not a necessary requirement to have a degree to become a Payroll Administrator. However, it is recommended to have some qualifications specific to the industry like    Accounts Assistant Training course.

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