Key skills required for entry-level and mid-level roles in Payroll accounting in Ireland. An exploratory analysis of Small and Medium Enterprises with a primary focus on international markets

Vasquez Diaz, Yanely (2023) Key skills required for entry-level and mid-level roles in Payroll accounting in Ireland. An exploratory analysis of Small and Medium Enterprises with a primary focus on international markets. Masters thesis, Dublin, National College of Ireland.

Preview

PDF (Master of Science) Download (1MB) | Preview

Abstract

This study has been developed in an exploratory nature of payroll accounting in Small and Medium Enterprises with a focus on international markets. Its aim is to identify the key skills required in the payroll area and emphasizes the increasing complexity of the payroll regulatory environment, the challenges faced by small and medium organizations in ensuring compliance, and the role of technology in payroll management. This study also discusses the impact of the Covid-19 pandemic on SMEs in Ireland and the changing dynamics of business with the adoption of hybrid working models.

This study provides a concept in payroll accounting which highlights the role of technology and the evolution of payroll systems. It also addresses the importance of legal and regulatory compliance in international payroll processing, emphasizing the need for familiarity with tax regulations and reporting obligations in different countries.

In the findings provided in this study, there was evidence of key skills for an Entry and Mid-level position in Payroll in Ireland. It highlights the connection between non-technical skills (soft skills) and technical skills (hard skills). Non-technical skills include communication, teamwork, leadership, problem-solving, time and stress management, and ethical and professional values. Technical skills encompass payroll processing, regulatory compliance, financial accounting, and IT skills.

A comprehensive analysis of two primary data collected through digital postings and interview process produces a positive result for the purpose of this study. The demanding factors in the payroll area are also discussed in the literature review, including the challenges posed by the Covid-19 pandemic, the demand for IT skills in hybrid working models, and the importance of having the right skills and procedures in place to ensure the smooth running of finance departments and employee satisfaction.

Further information explores the role of education in accounting and payroll, highlighting the continuous learning and development required to keep up with governance laws, taxation, and technological advancements. It emphasizes the importance of both technical and non-technical skills in the payroll area, including communication, teamwork, leadership, problem-solving, time and stress management, and ethical and professional values.

Item Type:	Thesis (Masters)
Supervisors:	Name Email Del Rosal, Victor UNSPECIFIED
Subjects:	H Social Sciences > HF Commerce > HF5601 Accounting H Social Sciences > HD Industries. Land use. Labor > Small Business Sector H Social Sciences > HJ Public Finance > Taxation H Social Sciences > HF Commerce > Telecommunications in Business
Divisions:	School of Business > Master of Science in International Business
Depositing User:	Tamara Malone
Date Deposited:	22 Aug 2023 09:49
Last Modified:	22 Aug 2023 09:49
URI:	https://norma.ncirl.ie/id/eprint/6794

Actions (login required)

View Item