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Payroll Management

Informa Middle East
Course summary
4 days
4,995 USD excl. VAT
English
Open / Scheduled
Next available date: Enquire for start date information - Worldwide
Course Dates
London
Enquire for start date information  (English)
4,995 USD
Worldwide
Enquire for start date information  (English)
4,995 USD

Course Description

Payroll costs are a major expense in all organisations and are often the highest expense in service businesses. The cost of employing people is more than just their salary; it includes employment costs, government costs, and benefits for employees. That being said, payroll management is a key strategic skill and extremely valuable to an organisation.

The objective of this course is to address the efficient management of payroll costs by ensuring that you define and implement sufficient processes and controls. The course will also cover: the interface with all parts of an organisation, including operational, HR and finance departments, the preparation of payrolls, and the reporting of payroll costs to the relevant managers. You will explore the requisites of managing the payroll department, and the accounting and audit requirements. The course will help you understand the gamut of skills required for successful management of a payroll department, including important confidentiality of information and relevant reporting, in addition to budgeting and planning for future payroll costs.

Outcome / Qualification etc.

  • Understand the interface between payroll and other departments
  • Prepare a payroll on a regular timescale and implement important controls to ensure accuracy
  • Calculate the effects of benefits in kind
  • Deal with reporting of other payroll costs such as holidays, sick pay, government on-costs, etc.
  • Develop periodic management reports for payroll
  • Determine how to deal with employees who leave your organisation
  • Reconcile payroll costs with your company’s financial reporting
  • Evaluate and mitigate the risks facing the payroll department
  • Produce future budgets and forecasts for payroll costs
  • Make an immediate impact on the performance of your organisation to manage payroll costs more successfully

Benefits

  • Understand the interface between payroll and other departments
  • Prepare a payroll on a regular timescale and implement important controls to ensure accuracy
  • Calculate the effects of benefits in kind
  • Deal with reporting of other payroll costs such as holidays, sick pay, government on-costs, etc.
  • Develop periodic management reports for payroll
  • Determine how to deal with employees who leave your organisation
  • Reconcile payroll costs with your company’s financial reporting
  • Evaluate and mitigate the risks facing the payroll department
  • Produce future budgets and forecasts for payroll costs
  • Make an immediate impact on the performance of your organisation to manage payroll costs more successfully

whoshouldattend

The course is designed for those directors and managerswhose financial and management responsibilitiesencompass the efficient management of payroll, and thesubstantial costs of employing people.

It will also benefit those who receive management reports onpayroll costs and those senior managers who have payrollmanagers reporting to them.

The course is also useful for human resource managers andwill help them understand the importance of payroll and itscomplementary functions with their department.

This course will be particularly helpful for:

  • Payroll Managers
  • Accountants/Chief Accountants/Management Accountants
  • Finance Directors/Heads of Finance
  • Finance Managers
  • Financial Controllers
  • Accounting and Administration Managers
  • HR Directors and Managers
  • HR professionals

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Provider: Informa Middle East

Informa Middle East

Informa Middle East offers a broad selection of open courses and in house training programmes, covering the key professional areas: Finance and Investment, IT and telecommunications, HR, Business Administration, Health & Safety and Marketing. Informa Middle East is part of...


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Contact information for Informa Middle East

Informa Middle East

Level 20 in the World Trade Centre Tower,
PO Box 9428
Dubai

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Expenses

The cost of this Informa training course is USD 4995 per delegate, inclusive of lunch and refreshments.Valuable Savings Early bird discounts are available for all of Informa's courses, and special offers are applicable on select courses throughout the year. In-Company Training Save up to 40% – If you have 6 or more people interested in attending, Informa can provide you with a customised training solution that meets the learning and development needs of your team and business. This training programme can be delivered as in-house training for your staff, anywhere in the region.
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