Payroll compliance practitioners (PCPs) are responsible for ensuring that employers and their employees follow federal and state labour law, as well as any specific policies set by the employer that affect payroll. They also take care of how people are hired, fired, classified, and compensated – this includes calculating paychecks accurately, ensuring that taxes are withheld properly, and other responsibilities.
Companies need payroll professionals not just to process payrolls every month but also to make sure that the payroll system is compliant with the latest legislation. PCPs are certified by the National Payroll Service and are generally well aware of the latest legislation. Most companies trust PCP-certified professionals as their skills and services can help optimize the payroll process and also ensure employee satisfaction.
Here are a few benefits of becoming a PCP.
Every business requires payroll processing and compliance; this allows you to work in any industry, from small non-profits to large multinationals. You can select an industry that genuinely resonates with you.
PCP-certified professionals are well-versed in all the payroll compliances like Income Tax Act, Worker’s Compensation Act, and the Employment Insurance Act. It equips you to give detailed insights to your employers or businesses, help them understand why these compliance requirements exist, and also establish good relationships with the employees or companies.
One of the top reasons employers face penalties and fines is payroll compliance issues. Non-compliance repercussions not only come from government entities but can also cause problems in the form of unhappy employees, damaged reputational, and so on. So companies prefer to hire professionals who are specialized in payroll compliance.
PCP certification makes you job-ready and an ideal candidate for companies. This improves your earning potential and gives you an edge over other payroll professionals.
A PCP member gets invitations to prestigious events such as the Canadian Payroll Association Annual Conference and Tradeshow. It includes 3 days of focused payroll learning sessions delivered by subject matter experts. During such events, payroll professionals can obtain crucial information necessary to ensure effective, efficient, and penalty-free operations. These enriching events often prove to be highly beneficial for payroll professionals and offer a great networking opportunity.
Working as a payroll compliance professional will give you a healthy sense of satisfaction. It is not only about crunching numbers all day, but your communication and analytical skills are also put to good use to ensure a company follows all the required legal standards related to payroll. Having to switch between these different skills can help keep things fresh throughout your workday and career.
If you are ready to start your career as a payroll specialist, the Accounting, Payroll, and Tax course offered by Computek College would be a good choice. We have over 30 years of experience training aspirants in business, healthcare, and technology streams. Enroll today and get ready for a fulfilling career journey.
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