Effective Payroll Management, Payroll Risks, and Control

Details

This training course will cover the fundamental principles of payroll management, the risks involved in payroll processing, and the essential controls required to mitigate such risks. The course will also provide practical guidance on how to set up and maintain an effective payroll system.

Target Group

• This training course is suitable for HR professionals, payroll administrators, finance managers, accountants, business owners, and anyone responsible for payroll management in their organization.

• This training course targets individuals who want to acquire the necessary knowledge and skills to manage payroll effectively, minimize risks, and maintain appropriate controls.

Goals

• Understand the fundamental principles of payroll management.
• Identify and assess payroll risks and their impact on the organization.
• Implement effective controls to mitigate payroll risks.
• Set up and maintain an effective payroll system.
• Apply payroll laws and regulations to ensure compliance.
• Analyze and interpret payroll data to inform business decisions.

Outlines

Introduction to Payroll Management

• Definition of Payroll Management
• Importance of Payroll Management
• Functions of Payroll Management
• Overview of the Payroll Process
• Payroll Best Practices

Payroll Risks and Controls

• Identifying Payroll Risks
• Assessing Payroll Risks
• Mitigating Payroll Risks
• Establishing Payroll Controls
• Evaluating Payroll Controls