REWARD
P11D, EXPENSES AND BENEFITS TRAINING COURSE COLLECTION
roles to choose from. In our Portfolio Payroll Salary Survey 2022 , we added several new job-titles to reflect how job roles have diversified and different skill sets are now acknowledged, as below: l payroll specialist – highlighting a now widely used title for an experienced administrator l we differentiated between sole payroll manager and payroll manager, the former not managing people l payroll and benefits manager, showing how payroll roles are becoming merged with benefits and reward positions. Other participants were identified, under niche titles, such as senior payroll and accounts officer, payroll product owner and payroll service director. We’re experiencing some payroll positions becoming more specialised, while others are now diversifying into other sectors such as: l payroll technology l project management l payroll IT l human resources rewards and benefits l finance. Other more unique roles include payroll software sales and even payroll recruiter. This acknowledges that payroll is a specialism and highlights knowledge of the nuances of the sector is significantly beneficial when working on payroll processes, solutions and projects. This is now driving so many businesses to seek payroll specialists with hybrid skill sets. To summarise… The current payroll recruitment market offers the most diverse opportunities we’ve ever seen at all levels and provides the most comprehensive remuneration packages to date. However, the polarity between client requirements and candidate demands will make hiring more challenging, and compromises such as hybrid or even remote working will need to be made for business to secure the talent they desire. If you have a competitive salary and benefits package, a robust career pathway and learning and development opportunities, plus you can offer flexible working arrangements, you can be confident you’ll find some exceptional talent in the market. n
They’ll more than likely need to raise salaries to compensate and retain existing people who might be seeking non-financial work-based benefits like hybrid or remote working that aren’t on offer. In terms of payroll salaries, there continues to be more parity across the country as location becomes less significant with remote working. This is most significant at executive payroll levels. Roles and skills A positive market trend we’ve tracked is an increase in junior payroll officers and administrators coming to the market, which could be an early indicator that payroll is now being chosen as a career. With the CIPP reporting a 20% uplift in membership numbers since 2019, and over 100 apprentices registered for end point assessment since October 2022, plus, campaigns such as #BePayroll , the industry finally seems to be enticing early career professionals into the sector, therefore easing the pressure of relying on talent to ‘fall’ into payroll. At executive level, the desire for global businesses to have an international expert in their UK office is ever-growing, with an increase of EMEA and other international payroll positions across permanent and temporary. Many of these roles also demand project and system implementation experience, as businesses move away from in-country third party providers and are now heavily investing in in-house bespoke payroll systems. The skills shortage continues to widen in this area. Overall, the pace of payroll recruitment has accelerated due to a combination of factors: l the desire for temporary / contract l the growing salaries and professionalisation of the sector l the talent shortage l the acceptance of video interviewing. These all mean hiring times have shortened and onboarding processes are simpler with quicker starts. Payroll career pathways The once traditional linear payroll career pathway, which would start at payroll administrator and lead directly up to payroll manager now has a lot more variety, with multiple accounting, technical and project
Duration Varies dependant chosen options
Our P11D, expenses and benefits course collection is essential whatever stage of your payroll career. With fines reaching up to £3,000 for each incorrect P11D submitted, whether you’re new to the process or just looking for a refresher, this course will cover everything you need to know.
Find out more and choose the P11D courses that are right for you at cipp.org.uk/training
Prices starting at £199 + VAT dependant on course options chosen
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| Professional in Payroll, Pensions and Reward |
Issue 88 | March 2023
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