Payroll Management and Effective Payroll Controls
Payroll Management and Effective Payroll Controls
October 02 - October 06 \ 2023 : Dubai
October 15 - October 19 \ 2023 : Dubai
Introduction
The efficient management of the payroll function is crucial for any business with multiple employees. It is an aspect that requires 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 intensive 5-day training course gives a comprehensive understanding of the principles of payroll management and effective controls with a strong emphasis on practical application in the working environment. Whether you are seeking to manage these functions within your organisation or to diversify your skillset for career progression, this training course will provide you with the skills and knowledge needed to perform the vital function of payroll management and the effective implementation of controls.
You will find value in taking this training course by formalising and updating your skills and 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 risk and implement controls
- Ability to integrate the payroll division with the HR and finance department
Objectives
- How to effectively run a compliant payroll office
- Practical payroll implementation
- How to generate information and reports for internal and external use
- How to plan, organize, implement and monitor work within the payroll environment
- Data processing using software
- Integration of payroll into the HR and finance departments
- Mitigating risk and implementation of controls
- Performance of internal and external payroll audits
Training Methodology
The Payroll Management & Effective Payroll Controls training course will be taught in an interactive manner, using lectures, lessons learned, practical examples, video materials, case studies, software demonstrations, shared participant experiences and practice sessions. There will be group work as well as individual exercises. Delegates will be encouraged to participate actively.
This interactive training course includes the following training methodologies as a percentage of the total tuition hours:
- 30% Lectures, Concepts, Role Play
- 30% Workshops & Work Presentations, Techniques
- 20% Based on Case Studies & Practical Exercises
- 20% Videos, Software & General Discussions
- Pre and Post Test
Who Should Attend?
- Payroll administrators who wish to enhance their payroll knowledge and application
- Human Resource professionals who wish to gain a better understanding of the payroll system and how it is integrated into the corporate human resource environment
- Accountants who wish to diversify their skillset for career progression
Outline
Day 1
Payroll Environment
Types of payroll systems
How to effectively run your payroll department/office
The acts that govern payroll
Integration with company policies
Responsibility of the payroll administrator
Internal payroll audit
Day 2
Practical Payroll Implementation
The key steps involved in payroll activities. Creating cost centres, pay points and job codes
Maintaining employee data
Processing leave
Setting up payslips and ensuring regulatory compliance
Capturing overtime and additional payment information
Making amendments and accounting for specific transactions
Updating to new pay period and month-end procedures
Day 3
Payroll Management
Definition of an employee and how an employee designation impacts payroll
Employee time management and tracking
Employee compensation
Additional employee benefits
Types of deductions and why they are used
Ethical considerations in the payroll function
Linking payroll with the HR (Human Resource) function
Setting up your payroll division
Day 4
Corporate Integration
Linking payroll with company 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 utilise payroll reports for problem solving
Payroll and external audit procedures
Day 5
Effective Payroll Controls
Protection of personal information
What are internal controls?
Identifying risks in the payroll cycle
Implementation of payroll controls
Evaluating payroll controls
Outsourcing arrangements and responsibilities
Common mistakes and how to avoid them
Schedule
- 08:30 – 10:15 First Session
- 10:15 – 10:30 Coffee Break
- 10:30 – 12:15 Second Session
- 12:15 – 12:30 Coffee Break
- 12:30 – 14:00 Third Session
- 14:00 – 15:00 Lunch
Fees
The Fee for the seminar, including instruction materials, documentation, lunch, coffee/tea breaks & snack :
- Us$ 3,750 per person – Kuwait