FOR
Ideal for intermediate-level payroll practitioners seeking to deepen their knowledge or advanced practitioners in need of a comprehensive refresher, this course delves into every facet of an employee’s termination pay.
Important point: This course is not suited to someone new or in an entry-level payroll position.
PURPOSE
There are two critical times in the lifecycle of an employee that payroll must get right: when an employee starts their employment with an employer and when their employment ends.
For payroll, it is essential to fully understand the reason for termination as this will determine how termination pay is undertaken. Outside standard payroll processing, termination pay is a business-critical activity because of the substantial risk to the business if not processed correctly and the direct impact on the employee.
This course is also aimed at providing all the necessary information for the payroll practitioner to assess and fully understand what their payroll system is doing regarding termination pay (based on compliance with legislation and payroll best practices).
Participants will receive a comprehensive manual with fully worked examples and references. Participants will also undertake a range of termination pay calculation exercises.