Hays Payroll Salary Guide, March 2017
MESSAGE FROM THE CANADIAN PAYROLL ASSOCIATION (CPA)
The importance of payroll continues to grow and expand. Canada's 1.5 million employers now rely on payroll practitioners for the timely and accurate payment of $928 billion in wages and benefits, $313 billion in statutory remittances to the federal and provincial governments and $177 billion in health and retirement benefits, while complying with more than 200 federal and provincial regulatory requirements.
What's more, remuneration remains the single largest expense for most organizations, accounting for between 40-70% of an employer's expense. Over the years, payroll's role and core purpose, as well as the skills and knowledge required by those working in payroll, have expanded. Compliance has always remained central to payroll, but other soft skills, technology competencies and knowledge of other functional areas (including Finance, Accounting and Human Resources) have grown in importance and are increasingly in demand by employers.
These burgeoning responsibilities have been captured over the past four years by Hays Canada's ongoing research on payroll salary trends. The Canadian Payroll Association congratulates Hays Canada for continuing to benchmark these trends through its 2017 Payroll Salary Guide.
Findings from this year's Guide highlight the ongoing mission-critical nature of payroll to Canadian employers. Further, the findings continue to spotlight the importance of professional payroll certification as an asset to employers and employees alike. Data over several years shows that payroll professionals who hold Payroll Compliance Practitioner (PCP) or Certified Payroll Manager (CPM) certifications command higher salaries than their non-certified peers, and that their certifications are considered in-demand by their organizations.
It's clear that organizations continue to seek and value the expertise of Canadian Payroll Association members to be compliant and contribute to their goals.
Again this year, PCP Candidates (those who have met the Canadian Payroll Association's rigorous educational requirements and are working to build their payroll compliance experience) are increasingly in demand for entry-level payroll jobs. PCP Candidates are also in increasing demand as employers recognize the value that these early-career payroll practitioners bring to their operations.
Since 1978, the Canadian Payroll Association has annually influenced the payroll compliance practices and processes of over 500,000 organizational payrolls. Our 20,000 members, which include 90 of Canada's top 100 companies, represent over 43,000 payroll practitioners nationally and globally. Our members include nearly 14,000 certified professionals, comprising nearly 11,000 PCPs and more than 3,000 CPMs.
Our resources, including our PCP and CPM certification programs, deliver the professional payroll education to respond to the regulatory compliance requirements of employers. The results from this, and previous year's research by Hays Canada, serves to further illustrate that certification delivers 'job-ready' professionals who are connected to the most up-to-date legislative, regulatory and compliance information.
To find out more about our certification programs, professional development opportunities, and compliance services and programs, I encourage you to visit payroll.ca / paie.ca and take advantage of our must-have member benefits.
Steven Van Alstine, CPM, CAE
The Canadian Payroll Association
Hays Payroll Salary Guide Available at hays.ca/payroll