Please note: We do not usually run this course as a virtual course, so this is a special session.

Payroll covers one of the largest costs any business has, being the cost of labour. If Payroll is not managed, configured and monitored correctly, it can become a major risk to the business in regard to legislative requirements, cost and time.

For this reason, managers and other positions within the business that interact with payroll need to have a greater understanding of what payroll actually does, and how they can aid payroll in being successful and effective.

Each participant will be provided with a comprehensive course manual full of references.

COURSE CONTENT

• Understanding what is involved in processing payroll (end-to-end process and related steps).
• Involving payroll in decisions that impact payroll and why this is important.
• What needs to be included in employment agreements to assist payroll.
• Checks, monitoring and security to make payroll secure.
• Use of technology to make payroll efficient.
• Using basic payroll measures to assess payroll performance.
• What is an effective structure for payroll in your business?
• Training, support and developing payroll practitioners.
• An overview of the main legislative requirements and how they are conducted in a payroll system, including:
  • Holidays Act 2003
  • Parental Leave & Employment Protection Act
  • Allowances (Non-taxable and reimbursing)
  • Bonuses
  • Superannuation & KiwiSaver
  • Payroll record-keeping requirements
• What are the advantages and disadvantages of having an in-house and outsourced payroll?