HSA5500CBE Section 01CBE Healthcare Leadership and Human Resources (11 Weeks) - CBE - 2021 Fall Quarter Deliverable 05 - Human Resources Job Strategies Deliverable 05 - Human Resources Job Strategies

Healthcare Leadership and Human Resources

Jennifer Franks

Rasmussen College

HSA5500CBE

November 3rd, 2021

Experienced Senior Payroll Specialist

About us

Wynn Regional Medical Center (WRMC) is expanding and looking to appoint someone to a new role to support the human resource team in payroll administration.

Job Duties

We are looking for a flexible, data-driven senior payroll specialist who will ensure efficient and timely payroll processing in our company. Your roles and responsibilities will include:

• Working under the payroll manager, you will process and submit various WRMC's payrolls accurately and on time. For instance, you will input data into databases and spreadsheets to prepare and submit employee pensions and notifications such as salary changes, new hires, and terminations. In addition, you will act as a team leader in the absence of the Payroll Manager. Comment by Lynne Croteau: Where are you getting your information on a payroll specialist from?

• Creating and modifying spreadsheets to configure payroll reports as required. You will review and verify wages and other compensations for accuracy while making necessary corrections using established procedures or journal entries. Comment by Lynne Croteau: Where are you getting your information on a payroll specialist from?

• Reconcile payroll regularly by making required adjustments. For instance, you will analyze general ledgers, payroll liability, and other accounts regarding payroll transactions to ensure they are balanced. Comment by Lynne Croteau: Where are you getting your information on a payroll specialist from?

• Timely response to pay-related inquiries from payroll manager, human resource manager, accounting, government, third parties, and employees. For instance, you will use knowledge and experience to interpret and manage enhancements in procedures, processes, policies, and legislation to ensure compliance. Besides, you train the payroll team regarding the upgrades. Comment by Lynne Croteau: Where are you getting your information on a payroll specialist from?

Education Requirements

The essential qualification for the position includes a recognized bachelor's degree in business, accounting, finance, or related field. In addition, the person must show evidence in their career and professional development. Also, CPP Training, Ceridian Day force, and Thomson Reuter's software experience are preferred. We prefer degree specialization, but other qualifications such as recognized diploma in payroll, CIPP Diploma in Payroll, computerized payroll, or IAB Diploma in Payroll are desirable. These desired qualifications must come with 2 A-level passes and 3 GCSE passes at grades A*-C. Comment by Lynne Croteau: Where did this come from?

Experience Requirements

This position requires 5-10 years of experience in a recognized service professional environment. Also, more than five years of experience working payroll systems, including Ceridian, excel, Word, and complex payroll accounts, would be a more significant asset. The position also requires Payroll Compliance Practitioner (PCP) Certificate. Knowledge in leading and managing a team is also required. Some previous experience in accounting fundamentals, including principles, policies, and legislation, is preferred. Comment by Lynne Croteau: Where are you getting your information on a payroll specialist from?

Salary Range

According to Glassdoor Inc. (2021), the annual salary of senior payroll specialists ranges from $39,000 to $78,000 based on the State. Therefore, I would recommend a minimum wage of $50 000 and a maximum salary of $80,000 for the job holder. In addition, a candidate receiving a total compensation should have more years of experience, a higher education level, in-demand skills, proficiency in payroll system upgrades, and interpersonal skills. The first step to determining an appropriate salary for a new position is establishing a starting salary range based on the company's compensation philosophy and budget. Also, we will conduct market research to determine the State and competitors' average salaries for a similar position and create a salary range based on research. Overall, we will offer competitive and realistic benefits that reflect the applicant's expectations and company. Comment by Lynne Croteau: Remember in the live classroom session that I mentioned you should make sure to have this Senior payroll specialist come in at a salary MORE than the current payroll specialist? You probably want to start at least the same salary as the current payroll specialist since that person is going to report to this Senior payroll specialist. Comment by Lynne Croteau: Where did you find this information? I found similar information on this site: https://www.shrm.org/resourcesandtools/tools-and-samples/how-to-guides/pages/howtoestablishsalaryranges.aspx

References