Payroll: Preparation, Analysis and Management

February 28, 2022 | USA

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

Strategic HR means managing HR in a way that supports the company’s long-term business goals and outcomes. And while HR professionals recognize the importance of strategic HR, there is currently a gap—or road block—between its perceived value and how prevalent it is today. The gap between HR and non-HR management can be partially explained by their very dierent ideas on how HR contributes strategically. For example, consider which HR activities HR and non-HR management rank as the most important contributions to the organization's strategic business initiatives and how little they match each other.


OTHER PAST CONFERENCES

Food for Thought: Human Resource Technology Trends

March 31, 2022 | USA

This virtual event is free for FMHRA members and just $30 for non-members. Registrants will receive the dial-in information 24 hours prior to event start time.

HRTECH Americas 2022

May 10, 2022 | USA

At HR.com we strive to serve the HR community. Creating the best environment possible to empower change, enable discovery and curate the most effective business platform as possible we are reserving delegate passes for HR professionals. We define HR professionals as currently or recently working within the HR function of an organization or parallel departments such as HR Tech implementation or finance.

2022 New Jersey Virtual Healthcare & Retirement Plan Summit

February 2-3, 2022 | USA

New Jersey area 401(k), 403(b), Healthcare and Retirement Plan Sponsors are invited to attend a fiduciary summit hosted by leading local experts! The 2022 New Jersey Virtual Healthcare & Retirement Plan Summit is a comprehensive remote summit presented as part of the 2022 Retirement Plan Road Show.

Human Resources Conference 2022

May 19, 2022 | USA

Local vendors with solutions to help solve your HR needs and make your job easier! Our annual Silent Auction Scholarship Foundation fund raiser to benefit local high school students in San Joaquin with two scholarships each year.

Spotlight

Strategic HR means managing HR in a way that supports the company’s long-term business goals and outcomes. And while HR professionals recognize the importance of strategic HR, there is currently a gap—or road block—between its perceived value and how prevalent it is today. The gap between HR and non-HR management can be partially explained by their very dierent ideas on how HR contributes strategically. For example, consider which HR activities HR and non-HR management rank as the most important contributions to the organization's strategic business initiatives and how little they match each other.

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