Payroll professionals salary portrait of 2021

ARticle_Salaires

As we all know, much too well, the pandemic has shaken a large number of employment sectors. Some have opted for salary cuts but to retain the best talents, cuts are never a viable solution.

With the scarcity of a specialized payroll workforce already making itself felt long before the upheaval caused by Covid-19, the looming economic recovery risks exacerbating this talent shortage. It is therefore important for companies to design attractive compensation systems, offer new indirect benefits, such as allowance for setting up a home office and establish a solid recruitment process in order to prepare for economic recovery.

Each year, companies specialized in compensation, conduct salary surveys and present a portrait of salaries for different fields of employment. The publication of these data allows employees to check if they are being paid at their fair value, and for employers to establish competitive salary scales aiming to retain and attract the best talents.

Here is an overview of the salaries offered in 2021 for different payroll positions according to the experience level in the Montreal area :

Telecommute rising popularity

When the pandemic hit us last March, employers had no choice but to adapt and, despite some reluctance, had to open the door to telecommuting. Before Covid-19’s appears, few companies offered this flexibility to payroll workers, especially those who were’nt equipped for remote work and still relied on manual labor and "paperwork." For many, telecommuting had never been considered. Given the high level of confidentiality of payroll data, some employers prefer to run their transactions in a more secure and controlled places.

For a year now, our working methods have been adapted to life circumstances and telecommuting has proved its worth by demonstrating its many advantages both in terms of employee productivity and well being as well as office expenses reduction. Many people no longer want to return to the pre-pandemic work conditions, involving painful traffic on a daily basis. This way of working has thus created its followers who wish to benefit from telecommute well beyond the health crisis.

Supporting evidence, according to a survey conducted by Flow in collaboration with Léger: both workers and employers have experienced the telecommuting experience positively, with a satisfaction rate of 88%.

According to another survey : 

  • 74% of workers would like to work from home more often after the pandemic
  • An average of 3 days / week worked from home represents the ideal desired by the respondents when the restrictions will be lifted
  • Flexible working hours are the main advantage sought by 46% of respondents     

Employers who will offer flexibility in work schedules and telecommuting, even just a few days a week, will find it much easier to retain employees and recruit new talents.

We invite you to download and discover the file : Portrait de la flexibilité au Québec en 2020 produced by Flow in collaboration with Léger (in french).

Download pdf file

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