Payroll Management Essentials
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.
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 practical know-how to help you apply the principles of payroll administration back in the office
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
- 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
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 feedback at the end of the programme and take away the knowledge gained to be transferred at 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.
This programme may be approved for up to 5 CPD units in Accounting Standards. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.
Professionals requiring CPD units to meet the education requirements for an occupational licence renewal, and/or for maintaining other professional memberships/certifications which accept CPD in Accounting Standards, are advised to consider training subjects in categories that indicate CPD training in Accounting Standards.
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