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Effective Payroll Management Course

By: LCL Coaches Consultants  

Lagos State, Nigeria

21 - 23 May, 2019  3 days

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NGN 125,000

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.

Programme 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

Contents

  • Day One - 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
  • 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 Procedure

Day Two
Payroll Calculations

  • Payment period practices – hourly, daily, weekly, fortnightly, monthly
  • Payroll Setup
    o    Organization payroll profile
    o    Constituents of gross pay
    o    Calculations of net pay
    o    Allowances
    o    Time and Attendance
    o    Deductions
    o    Loans
    o    Amortization and upfront payments
    •    Treatment of overtime pay
    •    Treatment of bonuses, vacation allowances and other earnings
    •    Involuntary deductions (e.g. dues for Unions, Cooperative Societies, etc.)
    •    Treatment of expatriate employees earnings
    •    Treatment of Benefits-in-Kind
    •    Directors earnings
    •    Treatment of employment termination.
    Payroll Processing
    •    Data gathering
    •    Variations – salary review, loans, pay off, etc.
    •    Approval process
    •    Disbursement and Reporting
    •    Remittances.

Day Three

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
  • 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
No 2 Oyefeso Avenue (road between Consolidated Hallmark Insurance and Fidson Ltd), Off Ikorodu road, Savoil Bus stop, Obanikoro, Lagos. May 21 - 23 May, 2019
NGN 125,000.00
(Convert Currency)

Isah Sunday 08033241313, 09026713101

Discount of 5% for 2 to 4 booking, 10% for 5 plus booking
Executive Coach Olusina Lajorin
NST PPC Advert
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