Job prospects Payroll Administrator near Fredericton (NB)

Over the past few years (2021-2023), the labour market was balanced for Payroll administrators near Fredericton (NB). The number of job openings was about the same as the number of workers available in this occupation.

Source Labour Market Information | Recent Trends Methodology

The employment outlook will be very good for Payroll administrators (NOC 13102) in the Fredericton - Oromocto region for the 2024-2026 period.

The following factors contributed to this outlook:

• Employment growth will lead to several new positions.
• Several positions will become available due to retirements.
• There are a small number of unemployed workers with recent experience in this occupation.

• Payroll clerks are employed across most industries, as they perform tasks that are required in all firms.
• Knowledge of payroll software, human resources functions and online payroll systems are usual required, as well as advanced spreadsheet skills. An understanding of income and payroll tax rules, employment standards and strong client service skills could improve job prospects.
• The automation and digital transformation of payroll functions might lead to many of the duties relating to this occupation being consolidated with other administrative roles. As roles change, payroll clerks may be asked to take on more duties.
• Payroll Compliance Practitioner (PCP) certification will enhance job prospects.
• Most job opportunities will arise in New Brunswick's three largest urban centres (Fredericton, Moncton and Saint John), where most business services are concentrated.

Here are some key facts about Payroll administrators in the Fredericton - Oromocto region:

• Approximately 170 people worked in this occupation in May 2021.
• Payroll administrators mainly work in the following sectors:
  • Provincial and territorial public administration (NAICS 912): 27%
  • Retail Trade (NAICS 44-45): 16%
  • Hospitals (NAICS 622): 13%
  • Professional, scientific and technical services (NAICS 54): 13%
  • Federal government public administration (NAICS 911): 13%

Source Labour Market Information | Prospects Methodology