Managing Human Capital  and Payroll Management

An Intensive 10-day Training Course

Managing Human Capital
and Payroll Management

Developing your Skills and Competencies to Optimize
and Manage Workforce Potential

Managing Human Capital and Payroll Management

Scheduled Dates

Classroom

28 Oct - 08 Nov 2024 Dubai - UAE $11,900 RESERVE A SEAT

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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

MODULES

This PetroKnowledge training course is split into two modules:

MODULE I - Managing Human Capital in the Oil, Gas & Petrochemical Industry

MODULE II - 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 1 and 2 back-to-back as a two-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 1: Managing Human Capital in the Oil, Gas & Petrochemical Industry
Day One: Human Capital & Human Resource Management
  • Understanding Human Capital
  • The development of Strategic HR
  • Human Capital in Oil, Gas & Petrochemical Industry – how does it differ?
  • The transformation of HR
  • HR as a strategic partner
Day Two: People Resourcing in the Oil, Gas & Petrochemical Industries
  • Recruiting as a two-way process
  • Specialist resourcing needs of oil and gas employers
  • Choosing the appropriate selection methodology
  • Use of psychological testing in selection
  • Assessment Centres – state of the art selection?
Day Three: Performance Management & Reward
  • Performance management in Oil, Gas & Petrochemical Industry
  • Making performance appraisal work
  • Efficient use of feedback
  • Understanding compensation & benefits
  • Implementing Total Reward
Day Four: Development in the Oil, Gas & Petrochemical Industry
  • The talent management model
  • The Training Cycle
  • How Adults Learn: Andragogy
  • What are the best ways to train people?
  • Evaluation of training effectiveness (cost benefits analysis & ROI)
Day Five: Empowerment, Engagement and Change
  • The context for change in Oil, Gas & Petrochemical Industry
  • Managing change or leading change?
  • Employee engagement & empowerment
  • Retaining valued employees
  • Personal action planning
Module 2: Payroll Management & Effective Payroll Controls
Day Six: 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 Seven: 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 Eight: 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 Nine: 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 Ten: 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.

In Association With

GLOMACS Training

Our collaboration with GLOMACS aims to provide the best training services and benefits for our valued clients

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Frequently Asked Questions

  • To register online through our website, please click “Enroll Now” on the course page, complete and submit the form. A confirmation e-mail and instructions will be sent to the participant’s e-mail.
  • You may also get in touch with our Registration Team on
    +971 50 981 7386 | +971 2 557 7389 or send an email to reg@petroknowledge.com

  • Payments can be made in USD or UAE local currency AED (Arab Emirates Dirhams) either by Bank Transfer or by Credit Card. Our Bank Account details will be provided on the invoice.
  • Course fees are payable upon booking unless a valid, authorized Purchase Order is provided and accepted.
  • Invoices will be sent via email/courier to the ID/name and address provided.
  • The course fee shall be settled prior to course start date. Corporate payments with existing payment policy shall be relayed to us in advance.

Upon successful registration online, enrolment on the respective training course will be confirmed by Registration Team by e-mail along with the invoice and joining instruction.

For corporate fees and group registration, please send your query to info@petroknowledge.com.

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