The Payroll & Benefits Manager is responsible for overseeing all aspects of payroll and benefits administration within an organization. This role entails managing a team of payroll specialists and ensuring accurate and timely processing of payroll for all employees. The Payroll & Benefits Manager is also responsible for managing and administering employee benefits programs, such as health insurance, retirement plans, and paid time off. They are responsible for ensuring that all benefits programs are effectively communicated to employees and are in compliance with company policies and legal requirements. Additionally, the Payroll & Benefits Manager is responsible for maintaining accurate employee records, including employee payroll and benefit deductions. This role requires a strong understanding of payroll and benefits regulations and laws, as well as proficiency in payroll and HRIS systems. The ideal candidate will have excellent analytical and problem-solving skills, attention to detail, and the ability to effectively manage a team. The Payroll & Benefits Manager must also have strong interpersonal and communication skills to effectively collaborate with internal stakeholders, such as HR, finance, and legal departments, and external vendors, such as benefits providers and payroll processors. Overall, the Payroll & Benefits Manager plays a crucial role in ensuring employee satisfaction and compliance with payroll and benefits requirements within the organization.

The job role of Payroll & Benefits Manager in Canada is projected to experience steady growth in the market. According to a 10-year analysis, the demand for professionals in this role is expected to increase due to the growing complexity of payroll administration and employee benefits management. With changing regulations and an increased focus on compliance, companies are likely to seek skilled individuals to fill this position. As per Google's latest data, there are numerous employment opportunities that will be available in the future as organizations recognize the significance of effective payroll management and employee benefits administration to maintain a motivated workforce.

How to Learn

As a Payroll & Benefits Manager with 3-6 years of experience in Canada, your main responsibilities include:<ul><li> Manage payroll processing, ensuring accurate and timely payment of employees, including salary, bonuses, and deductions. Oversee the entire payroll process, from collecting timesheets to calculating wages and taxes, ensuring compliance with labor laws.</li><li> Administer employee benefits programs, such as health insurance, retirement plans, and leave policies. Handle the enrollment, communication, and maintenance of employee benefits, addressing inquiries and resolving issues related to benefits.</li><li> Stay updated on payroll and benefits regulations, ensuring compliance with federal and provincial laws. Keep abreast of changes in payroll and benefits legislation, update policies and procedures, and ensure adherence to legal requirements.</li><li> Analyze and report on payroll and benefits data, providing insights to management and ensuring accurate financial records.</li></ul>

Roles & Responsibilities

Average take home Salary for a Payroll & Benefits Manager in Canada is around C$76842 per year

Salary Breakup

Managers of benefits and payroll are accountable in distributing and creating information on benefits, payroll and other employee-related programs for their company. They are responsible for managing benefits and compensation programs for employees. They create information about the program and create promotional materials for incentives for payroll, and plan and attend workshops for the new benefit and payroll programs. Managers of payroll and benefits attend meetings of the company to present their progress to the executives. They utilize personal computers to monitor their progress, maintain precise records, and communicate with employees as well as external partners. They also handle the requests for benefits and payroll after review of the program's requirements.

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Payroll & Benefits Manager

Salary Breakup

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