Identify and Prevent Common Payroll Errors With Effective Root Cause Analysis. Payroll departments are facing increasing pressure to do more with less. Technology is now an integral part of our daily lives, and payroll is no exception. Payroll departments are leveraging technology for the easier completion of day to day payroll tasks. With these tasks out of the way, payroll professionals are being asked to focus on improving processes and save money for companies to perform those processes.
It is now critical for payroll professionals to have the skills to analyze a process and build standards on how those processes should function. You must be able to not only understand a process but also measure the results in relation to industry standards.
This session will provide you the tools necessary for identifying the root cause of errors so you can update processes to ensure errors only happen once. Dayna will also provide a review of commonly made errors reported by the IRS and the Federal Department of Labor.
Areas Covered in the Session :
How to determine best in class practices
How to determine what processes to measure and when
What are silo’s and how they hurt your business
Details of the different types of data collection methods
The importance of customers on your benchmarking program
Different types of customers to evaluate in your process improvement program
Overview of commonly made mistakes and tips to avoid them
Correcting worker misclassification errors
Properly calculating overtime
Overpayment corrections in regards to FLSA and taxation
Timing of payment concerns
Mitigating termination errors
Proper state taxation
Taxing fringe benefits
Obtaining proper substantiation and the impact
Proper processing of received garnishments
Preventing unethical and erroneous SUI tax practices
Who Should Attend:
Payroll Departments
Accounting Departments
Benefits Departments
Human Resources Departments