European Institute of Management and Finance | Payroll Management
52033
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Payroll Management

Payroll Management

 

Payroll has become increasingly complex over recent years and whilst much processing is automated by software, it is incumbent on all those who process or oversee payroll to have sufficient and up to date knowledge so as to be able to check that the operation of software or any third-party agent, is compliant and explain the processing to colleagues and other employees. The salary bill is after all the biggest controllable cost in any business.

 

This introductory course provides an opportunity to revisit or to learn the essential building blocks of a compliant payroll service.  Even for those who have outsourced the payroll function to a third party, the obligation to operate within the law remains with the employer and thus the Company.

 

 

Training Objectives

 

By the end of the programme, participants will:

 

  • Have considered the tips, traps and tangles of National Minimum Wage and future developments in statutory payments
  • Know the build up to gross pay
  • Have examined statutory leave and payments: sickness, maternity, adoption and new shared parental pay and leave
  • Learned how to streamline your payroll processing procedures for maximum efficiency
  • Learned how to compute each worker’s regular rate of pay and why this is so important
  • Know the updates on the most recent cases affecting payroll, overtime pay, comp time
  • Learned how to handle payroll deductions including those of the NHS (GESY)
  • Understand how to maintain adequate records
  • Have received valuable contacts and resources and references to key web sites and other invaluable information
  • Learned with an engaging professional speaker and payroll expert
  • Walk away with a guide manual to help you apply the principles of payroll administration back in the office

 

 

Training Outline

 

An Introduction to Payroll

  • Different types of organizational payroll functions (e.g. outsourcing, in-house, a mixture of both) and the advantages and disadvantages of each type of solution.
  • Common structure
  • Related software and technology available

 

Record Keeping: Operating the payroll function more effectively

 

Calculation of Gross and Net Pay

  • Minimizing the risk of error in computing for payroll
  • Manage leaves, absences, tardiness and overtime pay
  • Statutory requirements for payroll administration and how to categorize workers

 

Tax Updates

  • Changes to tax rates and associated amendments

 

Effective payroll management reporting skills

  • Customize payroll management and include essential information for all key departments liaising with payroll

 

 

Training Style

 

The programme is designed to deliver knowledge and enhance participants’ skills via short lectures, case-studies, practical example and real-life simulations. Participants will also benefit from customised feedback at the end of the programme and take away the knowledge gained to be transferred to their workplace.  Most of the training’s time will be invested in analysing a real-life case study that will help participants understand how to solve problems in similar situations.

 

 

Who should attend

 

The programme is ideal for:

  • Payroll Managers
  • Payroll Supervisors and Assistants
  • Accounts Managers and Assistants
  • Accounting staff dealing with or supervising the payroll function
  • Personnel Officers and Staff
  • HR Managers and Officers