Payroll: Preparation, Analysis and Management

Employee costs from payroll and other benefits are among the largest costs in any company other than the Cost of Goods Sold (COGS), rent and depreciation. If you are in a goods producing organization and this cost is part of your COGS or part of your operating costs, it means the effect on you will be doubled. Having these costs processed and reported properly is key for analysis and decision making. This course starts with introductions about the departments of HR and 'accounting and finance' then focuses on the payroll function. The course goes through the process of preparing and calculating payroll and includes the controls needed and the pre-checks necessary to make sure correct data is used. The course enforces the knowledge of controls and proper processes in the work flow to achieve better efficiency in the department. Employee benefits and their effect on the corporation are discussed and we explain how to conduct analysis on payroll and benefits using Excel. In addition, the course highlights the topics of accounting, internal and external audit relations with HR and payroll, and the data that could be required by them. The course then stresses the need for confidentiality in the payroll department and the importance of sharing data with others on a need to know basis or as per corporate policies. The course ends with ways to prepare budgets for the department and payroll and benefit costs of the corporation.

Spotlight


OTHER PAST CONFERENCES

Legito PowerUp 2023

June 15, 2023 | Czech Republic

Join your fellow back-office, business, compliance, HR, legal, operations, and procurement/sourcing innovators from all around the world at the Legito PowerUp conference! Get ready to meet the community in the beautiful city of Prague and participate in our showcase of the best of digital transformation, document lifecycle management, and document automation. PowerUp your business with insight, training, and energy from the organisations that are proud to share their success stories. This event is all about inspiration, interaction, and action.

HR Technology Conference & Exposition 2023

October 10-13, 2023 | USA

Meet and connect with HR and IT leaders from around the globe at the world’s original and largest event dedicated to HR innovation. The HR Technology Conference is the only place you’ll discover all the trends, tools, technology and insight to take your HR strategies beyond best practice all in one spot.

24th Annual Illinois SHRM Conference & Exposition

October 22-24, 2023 | USA

ILSHRM knows that the workplace demands on HR professionals in Illinois can often seem monumental. We also know that HR will continue to focus on the safety and wellbeing of their employees. Our hybrid conference will offer both in person and virtual attendance options. The entire conference will be held in real time, recorded, uploaded and ultimately available in the virtual platform for a full 90 days. This means you can go back and view any sessions you may have missed, and earn recertification credit!

Talent Acquisition Innovation

December 6, 2023 | USA

The rapid acceleration of AI and automation coupled with redefining candidate expectations about work and changing job search behaviors are creating both tremendous challenges and opportunities for employers. New technologies are revolutionizing how practitioners do their jobs, bringing greater insights and efficiencies that benefit employers and candidates alike. New social and digital channels are changing how people discover careers, requiring new approaches to how companies attract and engage talent. Now is the time to assess your plan for 2024 and ensure that your team has the right strategies, technologies, processes and skills in order to compete and win in this age of Talent Acquisition Innovation.