Are you looking to hire a payroll manager for your small business?
First things first, you’ve made a savvy business decision. Paying your staff is one of the most important functions. You have to do it right.
You might have been in charge of payroll management when you hired your first employees, but as the team expands, you might not be in the best position to handle the function. A payroll manager will ensure your employees are paid their due wages on time and that your business maintains compliance with payroll laws.
But how do you find the best payroll manager? Continue reading for a list of top qualities you should look for.
1. Proper Professional Training
You might have handled payroll without any professional training, but that doesn’t mean your payroll manager shouldn’t have the right training. This isn’t one of those positions anyone with a high school diploma can do.
Anyone who wants to become a payroll manager must go to college and pursue a degree in business management, accounting, finance, or economics.
As such, ensure the manager you want to hire as training in any of these academic fields. An associate’s degree can suffice, but it’s best to hire a bachelor’s degree holder, especially if your business has a large team.
2. Professional Experience
Having the right professional training, on its own, isn’t enough to make someone a competent payroll manager. They need a blend of the right training and professional experience.
When conducting interviews, ask the applicants about their experience. Have they worked as payroll specialists before?
Ideally, you want to hire a manager who has at last a couple of years’ experience as a payroll specialist. Such a professional will already be familiar with payroll processes, so onboarding them won’t be a big challenge.
3. Tech Proficiency
Gone are the days when payroll was a task of pen and paper. Today, payroll management is digital.
As such, the right payroll manager should be tech proficient. At the very least, they should be good with computers and payroll programs, such as this https://www.paystubs.net/paystub-templates, which is used to prepared pay stubs.
During the interview, feel free to ask your applicants about the payroll programs they’re familiar with.
4. Keen Attention to Details
Payroll is all about numbers.
Every day, the payroll manager will be recording the number of hours your employees have worked, calculating salaries and taxes, and whatnot.
If the manager isn’t keen, they can easily make a mistake that will result in errors. The last thing you want is to underpay or overpay an employee or, worse, withhold less taxes.
This is why you want to ensure the payroll manager you’re hiring is eagle-eyed. They should be able to catch small errors before it’s too late.
Hire the Right Payroll Manager for Your Business
Hiring a payroll manager is a smart move, especially as a small, growing business. However, you must strive to find the right professional for the position. With this guide, you now know what to look for in the best manager.
Keep reading our blog for more tips and insights.
Danis Woods in Businessman, investment banker and stock exchange traders. On the same time he loves writing financial blogs to shed lights on different aspects that new and existing businessman are not aware of.