Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

What do you think are the major responsibilities of Payroll management?

user-image
Question added by Muhammad Shajahan , Sr. Officer HRM , Fci Group (BD) Ltd.
Date Posted: 2017/09/23
Delishiya Nivetha
by Delishiya Nivetha , Sales and digital marketing , Go alive media house

  • You will be required to coordinate and manage the payroll process for the organisation and possibly at divisional level if required.
  • You may be heading up a team of payroll administrators and in this instance it will be your responsibility to ensure they carry out their duties correctly and prepare and run the required payroll reports to support the company’s accounts.
  • The Payroll Manager is required to check and audit all payrolls to ensure legislative and awards compliance (tax compliance, superannuation etc.) is adhered.
  • The Payroll Manager will ensure that any company benefit programmes ie medical care, pensions, bonuses etc are managed efficiently and effectively.
  • Some Payroll Manger’s jobs may also require the calculation, payment and reconciliation of group tax.
  • Maintenance of staff payroll and tax records.
  • You will also balance monthly accounts and submit reports to the company’s accounting department.
  • Manage systems and suggests changes/upgrades as and when required.
  • The Payroll Manager will also be required to submit management reports, liaise with HR staff regarding new appointments, terminations and other relevant matters.
  • Maintains payroll information by designing systems; directing the collection, calculation, and entering of data.
  • Updates payroll records by reviewing and approving changes in exemptions, insurance coverage, savings deductions, and job titles, and department/ division transfers.
  • Pays employees by directing the production and issuance of paychecks or electronic transfers to bank accounts.
  • Prepares reports by compiling summaries of earnings, taxes, deductions, leave, disability, and nontaxable wages.
  • Determines payroll liabilities by approving the calculation of employee federal and state income and social security taxes, and employer's social security, unemployment, and workers compensation payments.
  • Balances the payroll accounts by resolving payroll discrepancies.
  • Provides payroll information by answering questions and requests.
  • Maintains payroll guidelines by writing and updating policies and procedures.
  • Complies with federal, state, and local legal requirements by studying existing and new legislation; enforcing adherence to requirements; advising management on needed actions.
  • Maintains employee confidence and protects payroll operations by keeping information confidential.
  • Maintains professional and technical knowledge by attending educational workshops; reviewing professional publications; establishing personal networks; participating in professional societies.
  • Completes operational requirements by scheduling and assigning employees; following up on work results.
  • Maintains payroll staff by recruiting, selecting, orienting, and training employees.
  • Maintains payroll staff job results by counseling and disciplining employees; planning, monitoring, and appraising job results.
  • Maintains professional and technical knowledge by attending educational workshops; reviewing professional publications; establishing personal networks; participating in professional societies.
  • Contributes to team effort by accomplishing related results as needed.

More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.