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Payroll Management Fundamentals
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 practical know-how to help you apply the principles of payroll administration back in the office
Payroll Management Fundamentals
For 3 registrations from the same entity, a standard 10% discount will apply. For over 4 registrations please contact us.
Schedule
Wednesday 17/03/2021 - 09:00-14:45
Description
Event Details
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 practical know-how to help you apply the principles of payroll administration back in the office
Marios Mortis holds a bachelor’s degree in Business Administration in Accounting, a Master’s in Banking and Finance, and he is a qualified member of Association of Certified Chartered Accountants (ACCA). Marios has developed and conducted professional training courses on corporate reporting, Accounting and Finance, and Financial Workshops. He had, also, participated to researches on the area of finance and accounting in both academic and professional level. He has a working experience in the accounting, audit, advisory, assurance and banking sectors in various positions and companies in Cyprus. During last 4 years Marios continued his path in the education field which is a challenging and interesting field for him. He currently works as a Visitor Academic for a local University in Cyprus, where he is teaching courses such as Corporate Governance and Business Ethics, Corporate Finance, Corporate Risk Management and Audit and Assurance. He also holds the position of Trainer & Accountancy Programmes Leader for a local institute where among others he is teaching many courses of various accountancy qualifications, such as the Cash and Treasury Management, Credit Management, Governance, Ethics, and Risks, Management Accounting, and Indirect Tax.
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