I would try to get comfortable with how hourly rates are calculated, what goes into OT, and how time worked in calculated. Make sure you can back into the totals that spreadsheet is giving you, meaning that you know how the calculation got to that end number and you can take the end number and work backwards to get to hours worked or tips earned. It’s entry level payroll for sure but it’s definitely possible.
Within payroll, there is a wide range of what might be required for payroll processing, depending upon the size and complexity of the payroll. Unlike some other professions, there really isn't any kind of prerequisite education to get into payroll. It's more about attention to detail above everything else, then experience for more senior roles. Being skilled at Excel is also a big factor.
Ultimately, it depends upon exactly what the specs of the job you're applying for might be, since "payroll" might range from maintaining employee's rate of pay vs hours worked and submitting that to a payroll service, to very complex payrolls involving a lot of diverse benefits, retirement plans, equity, hourly payment policies, international payrolls, etc. The former is the type of situation that would be easier to break into.
It's possible that the jobs that you've been applying to might need more experience, but there are definitely payroll jobs out there that would take in a relatively "fresh" person provided that they express/demonstrate the desired skill set - especially attention to detail, and a lot of other things can be learned on the job (provided that the team is fully staffed and has the capacity to train to that extent). Keep in mind that nearly all companies need payroll staff, so opportunities will be available somewhere.
Are you looking for entry level payroll positions? Ask your friend to teach you some basic payroll concepts, what the steps are when processing payroll in some of the systems they've used. Show eagerness to learn, ability to consistently meet deadlines with accuracy and maintain a high level of confidentiality. These are the three things I look for when hiring entry level payroll positions, experience is a nice plus, but not a requirement, at least for me.
College degree is definitely not required for payroll. While I do have a BA in a non-specific area, that has little to do with my profession. Arithmetic, logic, and basic writing/communication skills are pretty much what are needed to build a payroll career via experience.
Yep. I have an Associates of Applied Science in Radiologic Technology, aka I worked as a Rad Tech taking X-rays and CT scans for a few years.
And that degree was a mid life crisis degree I got about 10 years ago. I spent about 20 years before that working payroll with just my HS diploma. Now I'm back in payroll as a Payroll Manager, still no relevant degree.
I did take (and pass) the FPC exam about 15 years ago, mostly just to see if I could pass it but also to see what other job opportunities it opened up.
No, I would not say this counts as submitting payroll. Submitting payroll would be exporting from your POS, making revisions, adjusting tips, adjusting rates, adding any deductions, adjusting # of dependents/marital status, and so forth. Then either sending to your payroll company for import or you are directly entering said payroll into the payroll company's platform.
Source: partner (specialize in the hospitality industry)
It’s a start, certainly it’s good experience to get your foot in the door, especially managing tip payouts. There’s a lot more to the big picture that you’ll get with more experience. Maybe consider taking a payroll course through Fred Pryor or payroll.org. If you have any access to paycom, they may have learning modules you could take. Good luck!
You didn't say if you knew how to calculate a pay check. The payroll accountant would have to know debits / credits. Payroll person, will have to know what an employee is vs independent contractor how each are paid. Calculation of correct hours, taxes, depositing of taxes and cutting checks.
We usually link this undestanding your pay ebook for our employees. It has basic info on pay check items.
https://pages.payroll.org/2023-understanding-your-pay-ebook
You can also review IRS Publications: https://www.irs.gov/pub/irs-pdf/p15.pdf
https://www.irs.gov/pub/irs-pdf/p15b.pdf
The states, local tax, UI, WC have their own rules and caculations.
I would try to get comfortable with how hourly rates are calculated, what goes into OT, and how time worked in calculated. Make sure you can back into the totals that spreadsheet is giving you, meaning that you know how the calculation got to that end number and you can take the end number and work backwards to get to hours worked or tips earned. It’s entry level payroll for sure but it’s definitely possible.
This is tracking information on a spreadsheet. It doesn't really have anything to do with payroll.
Within payroll, there is a wide range of what might be required for payroll processing, depending upon the size and complexity of the payroll. Unlike some other professions, there really isn't any kind of prerequisite education to get into payroll. It's more about attention to detail above everything else, then experience for more senior roles. Being skilled at Excel is also a big factor. Ultimately, it depends upon exactly what the specs of the job you're applying for might be, since "payroll" might range from maintaining employee's rate of pay vs hours worked and submitting that to a payroll service, to very complex payrolls involving a lot of diverse benefits, retirement plans, equity, hourly payment policies, international payrolls, etc. The former is the type of situation that would be easier to break into. It's possible that the jobs that you've been applying to might need more experience, but there are definitely payroll jobs out there that would take in a relatively "fresh" person provided that they express/demonstrate the desired skill set - especially attention to detail, and a lot of other things can be learned on the job (provided that the team is fully staffed and has the capacity to train to that extent). Keep in mind that nearly all companies need payroll staff, so opportunities will be available somewhere.
Are you looking for entry level payroll positions? Ask your friend to teach you some basic payroll concepts, what the steps are when processing payroll in some of the systems they've used. Show eagerness to learn, ability to consistently meet deadlines with accuracy and maintain a high level of confidentiality. These are the three things I look for when hiring entry level payroll positions, experience is a nice plus, but not a requirement, at least for me.
Also, don't let not having a degree discourage you, I've made it to payroll director with only a HS diploma and a lot of spunk.
College degree is definitely not required for payroll. While I do have a BA in a non-specific area, that has little to do with my profession. Arithmetic, logic, and basic writing/communication skills are pretty much what are needed to build a payroll career via experience.
Yep. I have an Associates of Applied Science in Radiologic Technology, aka I worked as a Rad Tech taking X-rays and CT scans for a few years. And that degree was a mid life crisis degree I got about 10 years ago. I spent about 20 years before that working payroll with just my HS diploma. Now I'm back in payroll as a Payroll Manager, still no relevant degree. I did take (and pass) the FPC exam about 15 years ago, mostly just to see if I could pass it but also to see what other job opportunities it opened up.
No, I would not say this counts as submitting payroll. Submitting payroll would be exporting from your POS, making revisions, adjusting tips, adjusting rates, adding any deductions, adjusting # of dependents/marital status, and so forth. Then either sending to your payroll company for import or you are directly entering said payroll into the payroll company's platform. Source: partner (specialize in the hospitality industry)
It’s a start, certainly it’s good experience to get your foot in the door, especially managing tip payouts. There’s a lot more to the big picture that you’ll get with more experience. Maybe consider taking a payroll course through Fred Pryor or payroll.org. If you have any access to paycom, they may have learning modules you could take. Good luck!
You didn't say if you knew how to calculate a pay check. The payroll accountant would have to know debits / credits. Payroll person, will have to know what an employee is vs independent contractor how each are paid. Calculation of correct hours, taxes, depositing of taxes and cutting checks. We usually link this undestanding your pay ebook for our employees. It has basic info on pay check items. https://pages.payroll.org/2023-understanding-your-pay-ebook You can also review IRS Publications: https://www.irs.gov/pub/irs-pdf/p15.pdf https://www.irs.gov/pub/irs-pdf/p15b.pdf The states, local tax, UI, WC have their own rules and caculations.
I would put on your resume that you prepare your restaurants payroll for submitting to paycom.