Career

Payroll Clerks

Banking & Financial Services

Career stats

Weekly pay

$1,453

Prospects

Medium

Employed in Australia

46,700

Growth

Decline

Overview

Payroll Clerks prepare payrolls and related records for employee salaries and statutory record-keeping purposes.

Job Titles

mdi-briefcase-variant Payroll Clerk

Job Tasks

This occupation may include associated occupations with varying tasks.

  • creating files for new employees to record payroll data
  • maintaining and updating files for existing employees to record information such as employee contact details leave taken overtime promotions transfers tax deductions health insurance payments and superannuation
  • preparing payroll data from time sheets and other payroll and personnel records
  • processing payment of wages and salaries
  • issuing and recording adjustments to employees' pay
  • interpreting industrial awards
  • providing information to employees and managers about payroll matters such as tax issues benefits and deductions
  • finalising files and arrangements when employees retire resign or transfer
  • may be in involved in maintaining superannuation and other deduction and contribution records

Training & Qualifications

Vocational education & training (VET)

  • Certificate in Accounts Administration
  • Diploma in Payroll Services

 

Short Courses Available

  • Certificate IV in Payroll Services
More about VET

Industry

Banking & Financial Services

If you think you would like to organise, analyse and check the accuracy of financial information, or to offer advice on insurance or financial products, then you should consider a career working in Banking & Financial Services. Qualifying for a role in this sector could see you in charge of preparing budgets, financial statements, tax returns, audits and reports, managing the payroll of a large company, maintaining customer databases, ensuring procedures comply with government regulations, or participating in the development of business plans. Other roles in the Banking & Financial Services sector focus on customer service and on matching products to clients’ needs. While work in Banking & Financial Services usually takes place in an office environment, some people are able to do part of their work at home, due to the growth of remote technological capabilities. The career possibilities in finance and insurance are very broad, with plenty of scope for work across a variety of businesses. Let’s face it, most companies need financial services of some kind! And due to shifting global financial conditions, this industry is undergoing rapid changes, making it a very exciting time to get involved.

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