Payroll administrators play an integral role in businesses across Canada. They’re responsible for ensuring that all of an organization’s employees are paid accurately and on time. It’s a big responsibility to bear, and crucial for ensuring the satisfaction and support of a company’s workers, who form the foundations of its success.
Good payroll practices aren’t simply about keeping employees happy, either. Strict legislative requirements also place serious legal obligations on employers when it comes to completing their payroll. Legislation like the Canada Pension Plan, the Employment Insurance Act, the Income Tax Act, Worker’s Compensation Acts, and other provincial regulations need to be reliably and accurately applied, otherwise employers face stiff penalties, interest charges, and other consequences.
If you’re considering a career in accounting and payroll administration, getting your Payroll Compliance Practitioner (PCP) certification can help you navigate these requirements, and also give you a significant advantage in your career. Keep reading to learn more.
Learn the Fundamentals of Payroll with PCP Certification
PCP certification can give you an in-depth understanding of the many legislative requirements that need to be met in order to keep an organization compliant throughout its annual payroll cycle.
In order to meet the requirements of PCP certification, you will complete modules in payroll compliance legislation and the fundamentals of payroll, learning how to describe a payroll’s objectives and stakeholders, apply federal and provincial legislation to payroll, calculate regular and non-regular pay, complete year-end documentation and more, providing you with all of the skills and knowledge you’ll need to thrive in your career as a payroll administrator.
PCP Certification Can Boost Your Earning Potential
Becoming PCP-certified can help payroll professionals apply the appropriate legislation and keep companies compliant. It can also boost the earning potential of those pursuing accounting and payroll administration careers.
A 2017 message from the Canadian Payroll Association (CPA) stated that PCP candidates are increasingly in demand for entry-level payroll jobs, pointing out that PCP certification delivers “job-ready” professionals who are up-to-date on all of the most recent legislative and regulatory requirements.
Not only do employers look for PCP certification when hiring, but those who have it have been shown to consistently earn more than their counterparts without PCP training, with professional certification adding 5-15% to a payroll practitioner’s base salary.
How to Get Your PCP Certification with Accounting and Payroll Administration Training
Those aspiring to careers in accounting and payroll can gain their PCP certification through accounting and payroll administration training, completing the relevant courses along with further training in human resources, business communications, Microsoft Office Suite, and other essential business, accounting, and payroll skills. After successfully completing training, graduates are eligible for membership in the CPA and will receive PCP certification after completing their first year of work experience.
If you’re a detail-oriented person with strong organizational skills, earning your accounting and payroll administration diploma and receiving your PCP certification can be the first steps towards a rewarding new career in payroll administration, using the skills and knowledge you’ve gained through your education to ensure that employees are paid, companies stay compliant, and business keeps running smoothly.
Are you ready to take the first step toward your new career?
Contact Canadian Business College to learn more about our accounting and payroll administration diploma program.