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Posted on Wednesday, Mar 25, 2015
As businesses expand inter-provincially and internationally, or embrace broader payroll and benefits options, we are seeing demand for advanced payroll skills increase. However, more than half of employers are struggling to find the skills they need.
Half of employers say their biggest recruitment challenge is finding the credentials, system knowledge or compliance knowledge they needed. Employees with the trifecta of skills, experience and personality fit are highly sought after with one third of employers citing the competitive market for top candidates as their biggest retention challenge.
Forward-thinking employers will create their own talent pipeline of agile employees. Look at moving individuals to different roles to get comprehensive experience across a range of jurisdictions, provinces, client groups, and types of pay. As employers address long-term talent shortages a succession plan is vital to ensure the talent strategy aligns with business goals.
Payroll professionals who are looking to maximize their market value should look at getting certified – those with certifications earned up to 20 per cent more than their uncertified counterparts, especially at senior levels – and try to get as varied experience as possible.
Get more information and insight from the 2015 Payroll Salary Guide.
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Want more insights into salary trends? Watch the Salary Guide videos or in-depth webinars, or request a copy of the 2015 Salary Guide.