How to become a great payroll manager?
The tasks of a payroll manager are as complex as a payroll itself. So, it is not really in the capacity of everyone to become a great payroll manager. However, if you have certain skills and traits that this job position demands, you can become one. Curious to know what these traits are? Here is a list of skills and qualities that such great payroll managers have.
Establish process and procedure-
The payroll manager should be able to calculate the timely wages, accurately, he should also know the overtime amount statewise, and a formal system to communicate the activities related to payroll to the government and the management. You should also provide top-notch services to employees by processing their wages, reports, and taxes correctly. While a payroll software is there to support, payroll managers are still expected to have knowledge of federal, local and state laws. Communication and project management skills also need to be great.
Strong mathematical skills-
A payroll manager should feel great about numbers and working them should not feel like a burden to him. This isn’t just about doing the calculations or putting the right formula but, also about glancing at the sheet and being able to spot the mistakes or eliminate the vain things.
You should have an eye for detail so that you don’t commit any error or commit so once in a blue moon. For instance, if an employee has been given a letter using the appointment letter format, his salary details and salary structure should also be defined accordingly.
A Pro in using Payroll software-
Nowadays technology is used extensively and because of the same, it has become necessary for a payroll manager to be a pro in using payroll software. This will help the company and the payroll manager fasten the payroll processing and payment of employees while complying to the state and federal laws. The same will also help you in submitting the documents and forms that the government requires time as it will remind you about the dates.
Work under pressure-
It is a known thing that employees may send some necessary documents by the end of the month and not timely. For this and many other reasons, it becomes difficult for the payroll manager to re-enter this data. As a result of the same, the payroll manager may have to stay back and work till late hours to process the salary.
Leader and a team player-
It actually depends on the size of the company, if there will be a team or a person handling payroll. So, whatever is the case, it becomes necessary not just to be a leader or a team player. The payroll manager should be good at both things.
The payroll manager has a lot of money handling of the company in his hands. So, the person should be really trustworthy and reliable. He should not mislead the company and keep their money safe by using only the amount that is required.