Preventing Payroll Errors With Root Cause Analysis (OnDemand Webinar)

$149.00

SKU: 410304EAU

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: End Time:

Learning Objectives

Root Cause Analysis Tools
• Benchmarking
• Types of Benchmarking
• How to Benchmark
• Metrics – What Are They and What Is the Value?
• What to Measure
• Importance of the Customer

Common Payroll Errors and How to Avoid Them
• Worker Misclassification
• Properly Calculating Overtime
• Overpayment Corrections
• Timing of Payment
• Termination Errors
• Proper State Taxation
• Taxing Fringe Benefits
• Obtaining Proper Substantiation
• Proper Processing of Received Garnishments
• SUI Tax Practices

HR Certification Institute ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Dayna J. Reum, CPP, FPC-Dayna J. Reum