Payroll outsourcing companies have become useful to many firms in saving time, money and man power. This is why Payroll clerks are important. A Payroll Clerk, or sometimes called Payroll Specialist, administers the payment of wages to employees. They collect timekeeping information, incorporate a variety of deductions into a periodic payroll, and issue pay and pay-related information to employees. Payroll Clerks are an invaluable component of any successful business since they help ensure that employees are compensated in a timely manner and provide business owners or executives timely access to payroll-related accounting reports and other relevant information.
A Payroll Clerk is responsible for accurately issuing pay to employees by calculating earnings and deductions in accordance with established practices and guidelines. They help ensure that the proper amount of tax is withheld from checks and answer payment questions from employees. Another duty of the position includes staying informed about changes in tax laws, benefits plans and other topics directly affecting a payroll. At times, payroll clerks might also be tasked to answer phones, fax documents, greet visitors or handle light bookkeeping responsibilities.
Besides a diploma, the candidate for the job must have a firm understanding of math and computers as well as be a strong communicator who relays important paycheck information to other employees. The candidate must also show signs of being well-organized, detail oriented, and capable of working well alone or as a member of a team.
Pay for a payroll clerk does not change much by experience, with the most experienced earning only a bit more than the least. Those with skill in Human Resources is associated with a higher pay for this job. Although the current demand for payroll clerks is dwindling as many employees are being replaced by automated systems, they are still needed for the administration of computerized payroll systems or software.