Before applying for a job in outsourced payroll solutions, you will need to have the skills and abilities required to carry out this demanding role well.
Here are some of the most important skills that you need and would be evaluated for during the hiring process and thereafter:
A payroll professional must not be afraid of working with numbers. This doesn’t only mean calculating totals from columns of figures, but also related skills, such as being able to glance at a spreadsheet or table and spot anything that – whether literally or figuratively – doesn’t seem to add up. Although you will be making heavy use of payroll apps or tools, it is dangerous to rely on them completely; fast and accurate mental arithmetic is a very useful skill for you to have.
An ideal payroll professional has a good eye for detail. Because of the nature and importance of the job, even a small mistake can – if left unnoticed – rapidly have highly damaging consequences. For example, consider the difference between authorizing a payment of $100.00 and writing one of $10,000! These figures might look very similar at a glance, especially when you’re stressed out, but confusing them could end up in a disaster.
These days, employers will expect a payroll professional to be good in using software relevant to the job. IT skills are therefore of great importance to anyone wishing to make a career in this field. At a basic level, this means that you should be able to use standard office software such as Microsoft Word and Excel. However, you will also need to demonstrate that you have the skills to use dedicated payroll software and apps efficiently and productively.
There is great responsibility associated with being a payroll officer; and you will, most of the time, be under considerable pressure to work quickly. However, it is crucial that you can cope with all of the stress connected with your position. Since errors in payroll matters can cause significant damage to both a company’s reputation and its employees’ own finances, it is imperative that these be reduced to an absolute minimum. You will also have to be prepared to work with tight deadlines on a regular basis.
Although the number of people needed in a payroll department depends on the size and complexity of that company, a payroll professional will always require the ability to lead and motivate the employees he or she manages. Particularly important in this is the ability to motivate his or her team: many payroll-related tasks are hard work and some can be repetitive and tedious, making it vital that you be able to impart a sense of purpose and belonging to your team.
Any position connected with payroll is only suitable for those with impeccable trustworthiness and complete dependability. Since you will be entrusted with a large amount of money and confidential info, you must be absolutely reliable in your ability to handle this appropriately and discreetly. You will probably see a lot of data not in the public domain, some of which could have commercial or even legal implications if you mishandle them. Remember, honestly is always the best policy.