What is a Payroll Officer?
Your workplace will have one but it might not be their only job. Here are their duties and responsibilities:
- Ensuring all payroll transactions are processed efficiently
- Collecting, calculating, and entering data to maintain and update payroll information
- Compiling summaries of earnings, taxes, deductions, leave, disability, and non-taxable wages and reporting on this
- Resolving payroll discrepancies
ABS figures show that in the last fortnight of January the number of payroll jobs increased by 1.3 per cent nationally — with almost every industry benefiting.
"It was strongest in the Northern Territory (up 3.5 per cent), Western Australia (up 2.5 per cent) and South Australia (up 2.4 per cent), and weakest in Tasmania and Victoria (both down 1.7 per cent)."
It means the number of payroll jobs is back to where they were at the beginning of February last year when Australian officials were still scrambling to deal with the then relatively new and unknown threat posed by COVID-19.
ABS officials said care needed to be taken when focusing on just two weeks' worth of data movements, but Tuesday's data was promising — especially when considering them alongside data from the last 12 months.
Commsec senior economist Ryan Felsman "Of course, the labour market recovery remains uneven with the relatively 'virus free' states and territories posting the strongest pace of payroll job growth over the year."
These numbers are all great indications of employment across the country but are to be taken with a grain of salt because of the short sample size the data is taken from.
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