Online Training for Payroll Professionals
As industries have grown and matured in the last thirty years, the need for payroll professionals has increased as well. Large companies in the manufacturing, banking and trade industries have thousands of employees on their rosters. These companies need qualified and skilled payroll professionals to manage the salaries and benefits for their workers.
Payroll processing is an integral part of administration and HRM. Payroll professionals maintain and update employee records. They manage employee compensation, days off, exemptions, taxes, insurance, bonuses and deductions. The work involves data processing and management.
An average payroll professional earns around $52,000 to $65,000 annually, depending on experience, location and company that he/she works for. That is a decent income and given the high demand for payroll administrators, this is a stable and attractive career choice.
Payroll Training Online
As payroll processing is a data collection and analysis job, it is quite easy to gain training in the field through online courses. The key requirement is that the student must be dedicated to the training and have interest in working with numbers and complex sets of data and records.
Most online payroll training programs focus on building the following skills for professionals.
- Legal Knowledge of Employment Laws and Compliance
- Strong Numeracy and Mathematical skill
- Data Analysis and Problem Solving
- Employee Communication and Information Sharing
- Work Flexibility
- Taking Responsibility and Being Dependable
- Office Administration and Organization
- IT & Database Management
Career Progression for Payroll Professionals
A career in payroll brings many opportunities for professionals. Most payroll processors get promoted to HR or Admin Manager position and go on to become the company CEO. The Admin and HR functions lie at the heart of an organization and the position requires a lot of internal communication with the company staff.
If you have the long term goal to reach the top of the career ladder as a payroll professional, there are certain skills that you must acquire. These include data management, peoples’ communication and leadership.
Our payroll courses are designed to improve your knowledge, work-related skills and interpersonal skills like teamwork and leadership. Our online courses and classes offer easy-to-use interface, interactive lectures and up-to-date knowledge. Courses are designed and produced to help attendees stay on top of their profession by teaching recent legislation, rules and regulations.
Online Payroll Continuing Education
Certified payroll professionals must focus on continuing development so that their skills and knowledge stay relevant to the industry. The Continuing Education Program (CEP) at Lorman is designed to equip students and professionals with the knowledge of changing legislation in employment and payroll laws.
Some of the modules covered in our Certification and CEP courses include the following.
- Implementing Best Practices in HR
- Data Analysis in Payroll Processing
- Federal and State Tax Regulations
- Federal and State Non-Tax Regulations
- How to Apply Exemptions
- Calculating Gross Pay and Making Deductions
- Identifying, Withholding and Paying Taxes for Employees
- Administering Deferred Compensation
- Handling Employee Stock Options
- Managing Employee Expenses, Reimbursements, Relocation etc
Our payroll training program is designed to accommodate both full time students and busy professionals. This allows professionals to get the certificate without taking a break from work. The online course is also much cheaper then attending a full class and doesn’t put a strain on your financial resources.
You can register with us online or find out more by calling, emailing or chatting us. Start learning more about our courses today and get more information about what we can offer you. You can also see our options by clicking training above or by clicking plans and pricing above. Start your learning today.