Description
Learn how to use root cause analysis to prevent payroll errors from occurring.
Technology is becoming more part of our daily lives, and payroll is no exception. Payroll departments are being asked to do more with less and leveraging technology to do payroll tasks. Now that daytoday payroll tasks are being done with greater ease, payroll professionals are being asked to take more time to improve processes and save money for companies to perform those processes. Because of this, it is becoming more critical for payroll professionals to have the skills to analyze a process and build standards on how those processes are functioning, not only understanding a process but being able to measure results within industry standards.
This topic will give you the tools to identify the root cause of errors so you can update processes to ensure such errors only happen once. This course will review commonly made errors reported by the IRS and the United States Department of Labor.
Date: 2023-01-05 Start Time: 1:00 PM ET End Time: 2:05 PM ET
Learning Objectives
* You will be able to discuss the most commonly reported errors companies make as reported by the Internal Revenue Service and the Department of Labor.
* You will be able to describe the importance of metrics and how to use them to build a case for process updates.
* You will be able to identify potential processes that can cause noncompliance at the federal and state level.
* You will be able to review your companys processes and make improvements based on data and tools that show the need for change.