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.
