About This Course:
As payroll professionals, we can get caught in the trap of keeping up with running payrolls, validating for accuracy, and worrying about staying compliant, yet miss the bigger picture of the payroll operation itself - and what practices a company can put into place to make the payroll process more streamlined.
This training session gives you the tools to be able to review best practices and see how innovations can improve your payroll process.
For instance, improvements as simple as increasing direct deposit participation or better vendor management can significantly increase your productivity and/or reduce your costs.
What You'll Learn:By attending this training session, you will learn:
- A variety of methods for paying employees, including how to implement a paperless pay system but still stay compliant with state laws
- Review of employee self-services systems and how to maximize them
- A payroll interface vs an integrated system
- Best practices for selecting a payroll system
- Best practices for selecting and working with a vendor
- How to properly handle a request for proposal
- Discussion about pay cards, direct deposit, and live checks
- Implications of new technologies
- How to protect your company against fraud!
Top FAQs
While many payroll-related regulations are federally-governed, there also are many state requirements, including those for handling garnishment, final paychecks, and unclaimed paychecks. Each state's requirements differ in the details, so be sure to check your state's requirements by clicking the applicable link(s) at the bottom of this page.
Payroll is much more than just handing out paychecks, and includes a variety of responsibilities such as handling garnishments, travel pay, multi-state taxation, unclaimed paychecks, and much more in a timely and accurate fashion.
Maintaining accurate payroll records, such as hours worked, pay, and tips and tax amounts, obeying federal and state rules, and submitting required reports on a timely basis.
In addition to ensuring that employees are paid correctly and on time, "Payroll" has numerous time and reporting requirements. The primary payroll areas include paychecks, reporting, operations, and management.
Payroll Administrators must be able to:
- Properly "classify" workers
- Apply the various exemptions
- Calculate gross pay and properly make deductions
- Correctly identify, pay, and withhold taxes for employees
- Administer deferred compensation, cafeteria plan, sick pay, and other compensation
- Handle stock options, expense reimbursements, relocation, and other "expenses"
- Follow the proper policies, procedures, and documentation requirements for garnishments and levies
- Properly complete and file all required reporting requirements
- Correctly complete year-end requirements and establish year-beginning requirements
- Implement and maintain fraud, audit, disaster recovery, and record retention processes and procedures
Time clocks, time sheets, and electronic methods are a couple ways to track hours worked.
In business since the mid-1990's, we have over 25 years of experience delivering high-quality training content via seminar, webinar, online, and other formats. Each of our courses are delivered by an industry expert who will share his or her years of experience to help you be in compliance, smarter, and more productive, and almost all offer SHRM and HRCI credits.
Continuing Education Credits:
Click the 'Credits' tab above for information on PHR/SPHR, PDCs, and other CE credits offered by taking this course.
