It pays to go to school

College students getting a formal education in the industry represent the new face of payroll
By Moira Potter
|Canadian Payroll Reporter|Last Updated: 03/08/2012

The payroll process has undergone a dramatic transformation over the past two decades. 

Long gone are the days when skilled bookkeepers would calculate paid hours, deductions, taxes, absences and everything else involved for weekly, bi-monthly or monthly payroll for an entire company and then issue the actual cheques or put money in pay envelopes. 

Today, those bookkeepers have evolved into multidisciplinary professionals who need to understand, and often be experts in, accounting, taxation, compliance and legislative issues, labour relations, HR practices, computer software and even people management.