It is important for organizations to learn the art and craft of creating a payroll manual
A payroll manual is a very important document for any organization. Obviously, all organizations have to pay their employees; so, it is in their own interest and for their own benefit that they create a payroll manual that accelerates and simplifies the job of making payments.
So, first of all, what is payroll manual? A payroll manual is a single, unified document in which all of the organization’s policies and processes in relation to employee pay are collected and assembled. A payroll manual is a systematic, streamlined and organized document in which those in Finance or others with access to financial documents can carry out payroll functions in a systematic manner without confusions or errors.
There are several benefits an organization has in having a well created payroll manual. These are some of them:
A payroll manual ensures accuracy in the pay. It is a program into which predetermined values have to be entered. Once these are done correctly, a payroll manual carries out its functions at click of a mouse
A payroll manual also brings about consistency in the payroll. Making different calculations in the event of a pay raise or change in benefits, making adjustments when an employee leaves and a new employee joins in with a different pay package, or making calculations based on an employee’s particular deductions such as child education or garnishments are all child’s play for a payroll manual
A payroll manual system that allows access to designated persons can also eliminate a lot of confusion among the staff about policies about pay, since a single document can provide visibility to everyone concerned by being a reference for the disputing employees to see
A payroll manual also spells out the company policy in relation to payroll. This helps everyone in the loop get a clear idea of what to expect and plan what to do with their pay. A major advantage this kind of document brings about is that it eliminates the need for conflict among peers about what policy is in place.
Having an efficient, well-organized payroll manual is thus in everyone’s interest. An organization has a lot to gain by putting such a payroll manual system in place. Want to learn the most efficient ways of implementing a payroll manual?
This is the learning a webinar from TrainHR, a leading provider of professional trainings for the human resources industry, will be providing. The speaker at this webinar, Dayna Reum, who is the Payroll Tax Manager at PetSmart Inc., will educate participants about all the aspects of a payroll manual.
To enroll for this webinar, all that is needed is to visit http://www.trainhr.com/control/w_product/~product_id=701663LIVE?medium-seo. This webinar has been approved for 1 HR (General) recertification credit hours toward aPHR, PHR, PHRca, SPHR, GPHR, PHRi and SPHRi recertification through HR Certification Institute (HRCI).
Learn the ways of creating an efficient payroll manual
Dayna will show how well-documented processes help the organization to reach higher levels of efficiency and excellence. She will equip participants of this webinar with the tools of documenting processes, as well as how to evaluate these processes and optimize them for better use in the future. This learning is of immense use to people involved in the payroll system, such as Payroll Professionals, Compensation Professionals, HR Professionals and Benefit Professionals.
She will cover the following areas at this webinar:
o Payroll best practices how they have evolved
o Discuss in detail different types of industry benchmarks
o Step by step process on how to start a benchmarking program for your department
o Learning the difference between process based and data based benchmarking
o How to determine best in class practices
o Learning how to determine what processes to measure and when
o What are silos and how they hurt your business?
o Details of all different types of data collection methods
o The importance of customers on your benchmarking program
o Different types of customers to evaluate in your process improvement program
o Process Documentation and how to properly complete it
o Tools to use to make sure process documentation is complete.