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.