21 Progression Series - 7
4
PLANNING AND ORGANIZING
PAYROLL OPERATIONS
Values
Vision
Mission
Aligning payroll's visions
and missions
Objectives/key results
Management by planning
Third-party relationships
management (service vendors -
contract management)
Understanding business partners
Project management
Managing international
relationships
MEASURING PAYROLL
OPERATIONS' EFFECTIVENESS
Cost analysis/cost of payroll check
Benchmarking
Performance metrics
How to identify the cost of your
payroll - what are the
components?
Impact of new benefits/
establishing policies
Auditing the payroll process
and efficiency
Writing a business case
Budgeting payroll operations
Service level agreements
Quality assurance
Measuring quality in the
payroll department
EMPLOYEE DEVELOPMENT
Career path
Identifying job requirements
Developing job requirements
and staffing
Writing job descriptions
Interviewing candidates
Performance feedback
Taking corrective action
Measuring employee development
PRIORITIZING YOUR TIME
Planning and leading a meeting
STRATEGIC PAYROLL
PRACTICES
Course Outline*
CHANGE MANAGEMENT
Change vs. transition
Crisis management
Measuring success
TRENDS IN PAYROLL PRACTICES
AND TECHNOLOGY
Shared services
Call centers
Outsourcing considerations
Employee and manager
self-service
Internet-based technologies
Biometrics
GPS technology
Imaging and document storage
Artificial intelligence/machine
learning
Bots, process automation,
and chatbots
PAYROLL TECHNOLOGY
SELECTION
Technology and system selection
considerations
- Identifying the requirements
- Common mistakes to avoid
- Factors driving outsourcing
BUSINESS CONTINUITY
PLANNING
Benefits of a business
continuity plan
Creating a business continuity plan
Updating the plan
Testing the plan
COMPLEX TAXATION ISSUES
Social security/Medicare taxation
- Common paymaster
- Agent reporting
- Supplemental unemployment
benefits
- Railroad Retirement Tax Act
Dealing with the IRS and SSA
- Penalty notices
- Audits
- Reconciliation issues
- Penalties/abatement/
reasonable cause
- Preventing penalties
7
- IRS' Taxpayer Advocate Service
- SSA reconciliation letters
Mergers and acquisitions overview
- Unemployment insurance
- Transfer of experience rating
- State issues
- Standard and alternate tax and
reporting procedures
- Social security tax issues
- Forms W-2 and 941
reporting issues
Discrimination testing
- Retirement (401(k)) plans
- Group-term life insurance
TAXING EXECUTIVE
COMPENSATION
The IRS' executive compensation
compliance strategy
Additional Medicare tax
Withholding requirements
- Mandatory flat rate withholding
- Gross-ups of executive
compensation
Chauffeur services
Aircraft (SIFL calculation)
Stock compensation
- Section 83(b) and 83(i) elections
- Restricted stock
- Phantom stock
- Nonstatutory stock options
Golden parachute payments
Nonqualified deferred
compensation plans
- Section 409A requirements
Split-dollar life insurance contracts
Clawbacks
SECURITY ISSUES
Payroll fraud
HIPAA requirements
PAYROLL AUDITING
Accounting records
System operations
Third parties
(benefit administrators)
Managing outside auditors
Auditing the payroll process
Optimizing the use of consultants
*Program is subject to change without notice.
21 Progression Series
Table of Contents for the Digital Edition of 21 Progression Series
21 Progression Series - 1
21 Progression Series - 2
21 Progression Series - 3
21 Progression Series - 4
21 Progression Series - 5
21 Progression Series - 6
21 Progression Series - 7
21 Progression Series - 8
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