About This Course:
How will employees get paid if a crisis situation occurs? With the growth of centralized payroll systems, the reality of one location having a disaster that can stop payroll for an entire company is a real concern.
Coming to work and beginning the payroll process each week has become part of what we do. But sometimes we overlook the realty that a natural disaster could stop us from getting to the office one day.
What You'll Learn:This training session gives you the tools to develop a solid disaster and/or continuity plan to make sure employees always get paid timely. We'll also cover best practices, the key components of the plan, the technology resources, vendor plans, tips for how to keep the plan up to date, and more will be discussed!
- Specify the critical processes for which you have to plan
- Determine who should hold what responsibilities for each part of the plan
- Document and communicate your plan
- Identify and utilize appropriate technological resources
- Develop your disaster plan
- Keep your plan up to date
- Validate the disaster plan
Top FAQs
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.
There are several major and many minor requirements, some federal and some state specific.
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.
Time clocks, time sheets, and electronic methods are a couple ways to track hours worked.
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
Absolutely!
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.
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.
Continuing Education Credits:
Click the 'Credits' tab above for information on PHR/SPHR, PDCs, and other CE credits offered by taking this course.
