Course Description

Course Overview

This course gives a complete understanding of the principles of payroll management and effective controls with a strong emphasis on practical utilization in the working situation. Whether you are trying to manage these functions in your business or to increase your skills for career improvement, this course will provide Participants with the skills and knowledge required to perform the active function of payroll management and the effective implementation of controls. Participants will benefit in taking this course by formalizing and renewing your skills and getting the most up-to-date methods and best practices entailed in the payroll role.

Course Objective

At the end of this course, delegates will be able to;

• Manage a compliant payroll office effectively
• Implement Practical payroll
• Generate information and reports for internal and external use
• Demonstrate how to plan, organize, implement and monitor work within the payroll environment
• Integrate payroll into the HR and finance departments
• Mitigate risk and implement control measures
• Perform internal and external payroll audits

Course Content

Payroll Environment:

• Types of Payroll Systems.
• How to Efficiently Run your Payroll Department.
• The Rules that Govern Payroll.
• Integration with Organization Policies.
• Responsibilities of the Payroll Executive.
• Internal Payroll Audit.

Practical Payroll Implementation:

• The Key Actions Involved in Payroll Activities.
• Designing Cost Centers, Pay Points, and Job Codes.
• Maintaining Employees Data.
• Processing Leave.
• Setting up Pay slips and Assuring Regulatory Compliance.
• Gaining Overtime and Additional Payment Information.
• Making Revisions and Accounting for Specific Transactions.
• Updating to New Pay Period and Month-End Procedures.

 Payroll Management:

• Description of an Employee and How an Employee Designation Impacts Payroll.
• Worker Time Management and Tracking.
• Worker Compensation.
• Additional Employee Benefits.
• Types of deductions and why they are used.
• Ethical considerations in the Payroll Function.
• Linking payroll with the HR Role.
• Setting up payroll department

 Corporate Integration:

• Linking Payroll among Finance Department.
• Recording of Payroll Transactions in the Accounting Records.
• Application of Payroll Accruals.
• Common Payroll Measurements and how they are used.
• Contents of the various payroll reports and how to use them.
• How to utilize payroll reports for problem-solving.
• Payroll and external audit procedures.

 Effective Payroll Controls:

• Security of personal information.
• What are the internal controls?
• Identifying risks in the payroll cycle.
• Implementation of payroll controls.
• Assessing payroll controls.
• Outsourcing arrangements and responsibilities.
• Common mistakes and how to avoid them.

Target audience

• Head of HR
• Supervisors
• Administrators

Delivery method: This will include combine lectures, discussions, group exercises and illustrations. Participants will also understand the theoretical and practical knowledge of the topic.

Venue:  

Fee:  

Duration: 1 week

Course Date: February 6^th-10^th 2023