The institute reports 48% of payroll staff have witnessed an increase in workload over the past six months because of redundancies and employment payment changes.
But redundancies also mean 23% have seen the number of payrolls processed decrease and 22% expect decreases within the next six months.
Lindsay Melvin, CEO of the IPP, said: "Although no profession is recession-proof, over the past year organisations have relied heavily on the contributions made by their payroll administrators.
"From redundancy calculations to salary reductions, pension schemes to contract changes, payroll administrators have to be proficient in all areas of their role.
"Every organisation requires a payroll function and it seems now is an ideal time to enter the payroll industry."
Redundancies and payment changes increase the workload of payroll staff
Payroll departments are experiencing their busiest period ever as a direct result of the economic climate, according to the Institute of Payroll Professionals (IPP).
