THE ECONOMIC IMPACT OF PAYROLL PROFESSIONALS  IN CANADA

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IMPACTS ON THE ECONOMY:

On an annual basis, payroll professionals working in industry generate a GDP impact of over $7.9 billion, while employees at payroll service and software providers (PSSPs) generate a GDP impact of almost $0.7 billion – a combined total of $8.6 billion.

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IMPACTS ON PRODUCTIVITY:

Payroll professionals are involved in a number of productivity initiatives, including ensuring proper auditing methods to assist in the elimination of payroll errors and overpayments, and working with HR and finance to ensure the correct interpretation of legislative requirements.

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IMPACTS ON EMPLOYEE EXPERIENCE:

Payroll professionals are a pivotal driver of the employee experience because they deal with one of the most sensitive aspects of work: compensation. PwC Canada’s research reveals that this is not all they do.

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