Studying Payroll AdministrationPublish Date: Apr 23, 2010
Choosing payroll as a line of work actually has many advantages. There are few layoffs in the field of payroll as of course everyone always needs to get paid! Additionally, a payroll administrator may work closely with the other financial officers of a company to devise ways to save the company money overall, and may make recommendations when it comes to software and systems to streamline the payroll process.
Of course you need some special schooling and education to qualify for payroll administration. You cannot simply learn this as you go; payroll involves taxation and many laws that deal with minimum wage, benefits administration, and so on. It's vital for a person to have the proper schooling and degree if they are looking to work in payroll, and especially if they would like to work their way up to administration.
Schools that offer you fast degrees may not have the quality of instruction you need to handle payroll properly, or may not be properly accredited. Don't fall for the temptation of getting your degree too quickly!
Degrees and schooling for payroll administration typically include classes on compliance, operations, administration, payroll concepts, and payroll practices. Advanced classes may include mergers and acquisitions forums, preparing for year-end reports, issues for multi-state employers, garnishments, and local tax compliance.
Here are some suggestions for how to study for payroll administration positions.
People do just about anything and everything today, and that includes getting a degree or advancing the degree they have. You can study to become a payroll administrator online, and this type of arrangement has many benefits. You don't need to leave your home to attend class and can study when it's convenient for you. Many also appreciate being able to study in private, away from other students, and may have a schedule that needs to be accommodated as well.
When you decide on studying online, choose a school that has proper accreditation. Schools that offer you fast degrees may not have the quality of instruction you need to handle payroll properly, or may not be properly accredited. Don't fall for the temptation of getting your degree too quickly!
Also, make sure you choose which avenue of payroll you want to study. A payroll administrator may need a bachelor's degree or higher; there is a difference in the types of responsibilities they have and the ones done by a payroll clerk or bookkeeper. Larger companies especially may be looking for more advanced degrees.
When you study online, make sure you understand everything expected of you. It's easy to think that you can study at your own pace completely but in reality they may have tests and other milestones that need to be done at a particular time. They may give you access to taking these tests online and that access expires after a certain timeframe. Make sure you pay attention to these specifics as you go alone.
You can earn a degree in payroll administration at a local college or university. As with one you find online, make sure you choose the right degree for yourself. You may see that Human Resources or tax accounting is better suited for you, once you start seeing the types of classes involved in payroll administration. Make sure you understand these things completely before signing up.
As with an online class, you also need to understand what is expected of you; many schools today offer an accelerated degree program but require that you work with study groups on weekends and other days in order to get the required number of study hours. Be sure of all these expectations when signing up so that there are no surprises.
Payroll administration can be a rewarding and fulfilling career, and one that is steady with few layoffs or a shrinking workforce. However it does require certain schooling that you must go through, so be sure you understand your options.