Ask anyone in the organization what he or she thinks you do. The answer? “It is simple. Multiply my hours by my salary, subtract the tax and write a cheque”. If only it were that easy. When it comes to handling employee benefits, there is a lot to know. Is the benefit taxable? Non-taxable? Partially taxable? Handling payroll sounds like a simple proposition but NOT. A payroll department/ section are about providing service and control. Employees and managers across the organization ask as many questions, generate many tasks for the payroll department (especially after each payroll run), and set off many related reporting and control activities. Managing the payroll departmental process/function that is becoming increasingly complex requires a high level of expertise. This essential four-day seminar is designed to concentrate on the management of key aspects of the payroll operation, providing practical advice on major areas of risk, both in terms of compliance and in protecting the payroll itself from fraud and disaster.
By the end of this course, delegates will be able to:
- The seminar will explain how your participants can:
- Developing Effective Payroll Management and Administration procedures
- Maintain the Payroll network including setting up users and mapping access to files within the Payroll department.
- Provide direction and control regarding the input, revision and deletion of Payroll information and the processing of electronic time transaction and pay warrant distribution.
- Prepare, maintain and develop reports to the organization
- Plan, organize, manage and coordinate the daily operations of the Payroll department effectively.
Part 1
- Registration, and setting the workshop objectives and goals
- Understanding and development of Compensation and its Management
- Strategic Manpower plan and Management
- Development of key documents efficient payroll management
Part 2
- Introduction to Payroll Management and Administration Operations
- Payroll Management Preparation and Processes
- Payroll Accounting and its Documentation
- Payroll Calculation
- Payroll Auditing and control
- Dealing with Challenges of Final Payment
Part 3
- Pay Policy Management
- Employee Cost Allocation
- Accrual Management
- Post Payroll Hours to General Ledger
- Advanced Reporting
- Employee Benefits Administration strategies
- Payroll contracts and its implication of managing payroll in organization
- Payroll Distribution and Control
- Payroll Recording and Reporting
Part 4
- Best Practices in Payroll management
- payroll management and reconciliation procedures
- Payroll controlling, internal and external audit and its effectiveness on the organization
- Application of Information Systems on Payroll Management and Administration
- Monitoring, Review and Supervision of Payroll Management
Part 5
Case studies:
- Participants will develop corporate compensation plans for new investment companies, design manpower requirements, will develop employment contracts, plan salaries, benefits and other compensation and budget them for management approval
- Program Evaluation and Closing
A payroll career is based around on-the-job training. This course equips payroll staff with an understanding of the reasons and methodology processes behind payroll and when those procedures may need changing.
This program is meant for those who have previously worked in payroll but want to ensure they are updated with current information, Supervisors who need an in-depth understanding of payroll processes. Participants will include: Payroll Managers, Officers, Administrators and Assistants, HR Managers and staff, Finance Managers and staffs interested in taking steps towards transforming their current practices into Payroll Administration.