A Payroll Director, also called Payroll Manager, manages and oversees all the payroll procedures of a company. They administer regular payments to employees and manage the teams involved in the preparation of payroll. They are also responsible for reporting issues related to payroll to the top management professionals. Payroll Directors have extensive knowledge about employee compensation and the guidelines related to it.
What does a Payroll Director do?
A Payroll Director audit the complete payroll process of a company. They approve exemptions, set guidelines for the distribution of employee compensation, and manage any salary-related issues or changes. Their main goal is to ensure that all employees in the organization receive fair and accurate compensation in a timely manner. They are also responsible for compiling payroll reports to receive reviews from the management.
Payroll Director Duties:
- Use payroll software and other computer applications to ensure all payroll related tasks are performed accurately and on time
- Perform all payroll-related duties including, but not limited to, calculating wages, taxes, and benefits
- Prepare payroll reports, including wage statements, W-2s, and 1099s
- Provide timely and accurate responses to payroll related inquiries
- Procure and maintain the effective functioning of all payroll systems
- Attend to and process payroll (payroll changes, payroll check issuance, direct deposits, and processing of pay stubs)
- Maintain payroll records and files in accordance with established policies and procedures
- Provide leadership, direction, and influence to staff within the department
- Research new technologies and procedures, make recommendations to affect change, and report findings to management
- Make recommendations to management regarding decisions and actions necessary to ensure a productive department
Payroll Director Responsibilities:
- Bachelor’s degree in human resources, business management, or related field
- 2+ years payroll experience
- Knowledge of federal and state wage and hour laws
- Ability to train new staff on new practices
- Ability to maintain daily payroll records
- Strong attention to detail
