Advanced Payroll Management and Compliance
£4800.00
INTRODUCTION
Efficiently managing the payroll function is crucial for any business with multiple employees. It demands meticulous attention to detail and careful observation of the regulatory environment. The integration of the payroll function with the finance and human resource departments further contributes to the operational management of a successful organisation.
This Advanced Payroll Management & Compliance intensive 5-day training course provides a comprehensive understanding of the principles of advanced payroll management and compliance with a strong emphasis on practical application in the working environment. Whether you are seeking to manage these functions within your organisation or diversify your skillset for career progression, this training course will equip you with the skills and knowledge needed to excel in payroll management and the effective implementation of controls.
By participating in this training course, you will formalise and update your skills while learning the most up-to-date processes and best practices involved in the payroll function.
Participants will develop the following competencies:
Understanding the payroll regulatory and compliance environment
Confidence in managing the payroll department
Skills to identify risks and implement controls
Ability to integrate the payroll division with the HR and Finance Department
TRAINING OBJECTIVES
Upon completion of this training course, participants will have the knowledge and skills to:
Effectively run a compliant payroll office
Implement practical payroll processes
Generate information and reports for internal and external use
Plan, organise, implement, and monitor work within the payroll environment
Process data using software
Integrate payroll into the HR and finance departments
Mitigate risk and implement controls
Conduct internal and external payroll audits
WHO SHOULD ATTEND?
This training course is ideal for:
Payroll Administrators looking to enhance their payroll knowledge and application
Human Resource professionals seeking a better understanding of the payroll system and its integration into the corporate HR environment
Accountants aiming to diversify their skillset for career progression
TRAINING METHODOLOGY
This training course will be taught interactively, incorporating lectures, practical examples, video materials, case studies, software demonstrations, shared participant experiences, and practice sessions. Group work and individual exercises will be encouraged.
TRAINING OUTLINE
Day 1: Payroll Environment
Types of Payroll Systems
Effectively Running Your Payroll Department / Office
Acts Governing Payroll
Integration with Company Policies
Payroll Administrator Responsibilities
Internal Payroll Audit
Day 2: Practical Payroll Implementation
Key Steps in Payroll Activities
Creating Cost Centers, Pay Points, and Job Codes
Employee Data Maintenance
Leave Processing
Payslip Setup and Regulatory Compliance
Overtime and Additional Payment Handling
Amendments and Transaction Accounting
Pay Period Updates and Month-End Procedures
Day 3: Payroll Management
Employee Designation Impact on Payroll
Employee Time Management and Tracking
Employee Compensation
Additional Employee Benefits
Types of Deductions and Their Purposes
Ethical Considerations in Payroll
Linking Payroll with HR (Human Resource) Function
Setting Up Your Payroll Division
Day 4: Corporate Integration
Integrating Payroll with Company Finance Department
Recording Payroll Transactions in Accounting Records
Applying Payroll Accruals
Common Payroll Measurements and Their Usage
Various Payroll Reports Contents and Usage
Using Payroll Reports for Problem Solving
Payroll and External Audit Procedures
Day 5: Effective Payroll Controls
Protecting Personal Information
Understanding Internal Controls
Identifying Payroll Cycle Risks
Implementing Payroll Controls
Evaluating Payroll Controls
Outsourcing Responsibilities and Arrangements
Common Mistakes and Their Avoidance
Language(s): English and Arabic
Duration: One Week
Certificate of Completion: Upon successful completion of the program, participants will receive an Al-Majd Pathways Centre (APC) Certificate of Completion.