Managing Human Capital and Payroll Management Training Course

Why Choose this Training Course?

This practical and exciting PetroKnowledge ten-day course covers the areas of the management of human capital and payroll management. This exciting Managing Human Capital and Payroll Management training course will present the latest innovations and best practices in these two important areas. In this professionally rewarding course, you will learn about leveraging skills and potential to drive organizational performance and growth through effective talent acquisition, development, and retention strategies.

You will also learn about how to ensure accurate and timely processing of employee compensation, deductions, and taxes while maintaining compliance with regulations and implementing effective controls for payroll-related processes.

This Managing Human Capital and Payroll Management training course will highlight:

Best practice in HRM systems, methods, and services
Training, Learning and Career Development
Employee Reward and how it influences employee performance
The importance of two-way resourcing and recruitment
Understanding the payroll regulatory and compliance environment
Confidence in managing the payroll department
Skills to identify risk and implement controls
Ability to integrate the payroll division with the HR and Finance Department

This training course is split into 1 modules:

Module I - Payroll Management & Effective Payroll Controls

Each module is structured and can be taken as a stand-alone training course; however, delegates will maximise their benefits by taking Module I back-to-back as a 1-week training course.

What are the Goals?

By the end of this Managing Human Capital and Payroll Management training course, participants will learn to:

Explain the importance of strategic human capital management
Formulate a plan to transform strategic requirements into HR objectives
Demonstrate an understanding of employee resourcing, recruitment & reward
Illustrate examples of best practices in managing people
Understand the payroll regulatory and compliance environment
List ways to identify risk and implement controls
Develop a plan to integrate the payroll division with the HR and Finance Department

Who is this Training Course for?

This Managing Human Capital and Payroll Management training course is suitable for a wide range of learning professionals but will benefit:

Anyone concerned with maximizing the investment in Human Capital
Human Resources (HR) Staff at all levels
Anyone who needs to understand the workings of the modern HR Department
Payroll Administrators who wish to enhance their payroll knowledge and application
Human Resource professionals who wish to gain a better understanding of the payroll system and how it is integrated into the corporate human resource environment
Accountants who wish to diversify their skillset for career progression
Staff who need to be competent in Human Resource Management (HRM)
HR Business Partners
Learning & Development Staff

How will this Training Course be Presented?

Participants in this training course will receive thorough training on the subjects covered by the seminar outline. The Tutor will utilise various proven adult learning teaching and facilitation techniques. Seminar methodology includes a range of engaging, fun exercises, and activities. There will be practical sessions where participants can participate and experience topics. Case studies, videos, small group work, exercises, and feedback will all be used to facilitate learning.

Organisational Impact

Specific benefits to the organization include:

Add value to your organization
A workforce where people are exposed to effective HR Practices
Enhanced human capital management
Improved employee engagement
Increased use of appropriate payroll methods throughout the organization
Integration of the payroll division with the HR and Finance Department
Improved efficiency in the payroll function

Personal Impact

Personal benefits include:

Development of practical and transferable skills
Improved confidence and self-assurance
A greater appreciation of best practices in HRM
Confidence in managing the payroll department
A greater awareness of human capital
Understand the principles of payroll management
Apply what is taught immediately into work practices

Daily Agenda

Module I: Payroll Management & Effective Payroll Controls

Day 1: 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

Day 2: Practical Payroll Implementation

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 Procedures

Day 3: 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

Day 4: 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

Day 5: Effective Payroll Controls

Protection of personal information
What are internal controls?
Identifying risks in the payroll cycle
Implementation of payroll controls
Evaluating payroll controls
Outsourcing arrangements and responsibilities
Common mistakes and how to avoid them

Certificate

On successful completion of this Training Course / Online Training Course, a PetroKnowledge Certificate / E-Certificate will be awarded to the delegates.

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Would an alternative date be more suitable?

We offer a variety of tailored training options, customized to meet your organisation's needs. Delivered anytime, anywhere, we make it easy to bring expert training directly to your team.

Related Categories

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An Interactive 10-Day Training Course

Managing Human Capital and Payroll Management

Developing your Skills and Competencies to Optimize and Manage Workforce Potential