Payroll Management Takes Only 1 Year to Complete at Centennial College
Do you have an interest in payroll management and its emerging trends such as technologies and changing legislative requirements? Have you completed a college diploma or university degree in any discipline or have a partial post-secondary education and relevant work experience? If you answered ‘yes’ to these questions, the Payroll Management program at Centennial College in Toronto, Ont. might be for you.
Facilitated out of Progress Campus, which houses many other business offerings allowing for networking, this program takes just two semesters to complete. Payroll Management is delivered in partnership with the Canadian Payroll Association (CPA), where the association supplies 50 per cent of the courses. As a result, industry leading payroll curriculum is supplemented by graduate level instruction in managerial accounting, strategic compensation, pensions and benefits. In addition this Payroll Management program uses teaching tools like: case studies, simulations and project-based learning, with a focus on developing project management, teamwork, report writing and presentation skills. As a result, payroll system training is taught using an SAP application.
Specific Payroll Management courses offered in the program include: Pensions and Benefits (pensions and benefits are indirect compensation received by employees and an integral part of an organization’s overall compensation strategy. This course introduces students to the varied and complex area of pensions and benefits); Strategic Compensation (designed to enable students to gain knowledge of both the theoretical and applied aspects of the compensation functions in HRM; the linkage between the compensation functions and the organizational management process; the compensation strategies that will add the greatest possible value to specific organizations; and the compensation system design and implementation necessary to attract, retain, and motivate the required workforce); and more.
In addition to having successfully completed a post-secondary advanced diploma or degree program, applicants may be asked to participate in an interview process, during which a transcript and resume review may be requested. English proficiency will also be considered. Payroll Management students who wish to enroll in the Introduction to Payroll Management (formerly Payroll Management Processes) and Applied Payroll Management (formerly Payroll Management Practices) Canadian Payroll Association CPM level payroll courses “must meet a payroll experience prerequisite to register”. To satisfy this prerequisite, the student must have “at least two years of experience being responsible for an organization’s payroll function, which includes being accountable to management for the accuracy of employees’ pay and all government statutory remittances, or equivalent experience, obtained in the past five years.”
Students completing Payroll Management are eligible to receive the Payroll Compliance Practitioner (PCP) from the Canadian Payroll Association (CPA) subject to their joining the CPA and complying with its professional requirements. Registration in this will incur costs in addition to tuition. They are also able to enter the field in positions such as payroll clerks/ officers, payroll and benefits clerks/ administrators/ payroll accountants, human resource and payroll generalists, general accounting coordinator, and small business bookkeepers/accountants.