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Head of Payroll Management
2 months ago
As the Head of PayrollManagement in a Business Process Outsourcing (BPO) company, with a backgroundin HR or Chartered Accountancy (CA), you will be responsible for overseeing allaspects of payroll processing, compliance, and management. Your role willinvolve managing a team, implementing efficient payroll systems, ensuringaccurate and timely salary disbursements, and maintaining compliance withrelevant laws and regulations.
Responsibilities
1. Payroll Management:
Oversee end-to-end payroll management processes,including salary calculation, attendance tracking, deductions, reimbursements,and tax compliance.
Implement and maintain efficient payroll systemsand software, ensuring accurate and timely processing of payroll for allemployees.
Coordinate with cross-functional teams, such as HR,Finance, and Operations, to gather payroll-related information and resolve anydiscrepancies.
2. Team Management and Leadership:
Lead and manage a team of payroll professionals,providing guidance, training, and performance evaluations.
Allocate resources, set priorities, and ensure theteam meets payroll processing deadlines.
Foster a positive and collaborative workenvironment, promoting continuous learning and development within the team.
3. Payroll Compliance:
Stay updated with relevant labor laws, taxregulations, and statutory requirements pertaining to payroll processing.
Ensure compliance with applicable laws, such aswage and hour laws, tax withholding, social security, and employee benefits.
Conduct periodic audits to verify accuracy andcompliance of payroll records and processes.
4. Payroll Administration and Documentation:
Maintain accurate and up-to-date payroll records,including employee information, salary details, tax records, and deductions.
Generate payroll reports, payslips, and otherrelevant documentation for management and employees.
Safeguard sensitive payroll data and ensureconfidentiality and data privacy.
Collaborate with payroll service providers orexternal vendors to ensure seamless payroll processing and resolve any systemor service-related issues.
Evaluate and negotiate contracts with payrollservice providers, ensuring cost-effectiveness and service quality.
6. Process Improvement and Automation:
Identify opportunities for streamlining payrollprocesses and improving efficiency through automation and system enhancements.
Analyze existing payroll procedures and recommendprocess improvements to minimize errors and reduce manual interventions.
Implement best practices and ensure adherence tointernal controls for payroll processing.
7. Employee Support and Communication:
Address employee queries related to payroll,deductions, taxation, and other payroll-related matters.
Communicate payroll policies, procedures, andchanges to employees in a clear and timely manner.
Provide training and guidance to employees onself-service portals and tools for accessing payroll information.
Requirements
Bachelor's or Master's degree in Human Resources,Finance, Business Administration, or a related field. CA qualification ishighly desirable.
10 years of experience in payroll management,preferably in a BPO or shared services environment.
In-depth knowledge of payroll processes, laborlaws, tax regulations, and statutory compliance.
Strong understanding of payroll software, systems,and relevant HRIS platforms.
Proficiency in using payroll software,spreadsheets, and other relevant tools.
Excellent analytical skills with a keen eye fordetail and accuracy.
Leadership abilities with experience in managing ateam.
Strong communication and interpersonal skills tointeract with employees, vendors, and stakeholders.
Ability to handle confidential information withintegrity and maintain high levels of data privacy and security.
Up-to-date knowledge of industry trends, bestpractices, and emerging technologies in payroll management.
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