PAYROLL MANAGEMENT, COMPENSATION & BENEFITS ADMINISTRATION

Registrations are closed
Live-Online Training: N 145,125.00
Classroom Training: N 220,375.00
3 - 4 participants: 5% discount
5 or more participants: 10% discount


This programme can run as an online or classroom training

(Available also for Customised Training by Duration, Venue, Fee & Date)

 

Objectives of the Course

This is a course suitable for individuals administering the payroll function 'In-house' or managing providers of payroll services when outsourced.

It is significant that every organization, small or large, establishes an efficient and cost-effective Payroll unit or department staffed with personnel who understand and practice the payroll administration that is immediately relevant to the business. This course will provide participants with increased knowledge of managing a payroll system, both manually and with computerized software. The participants will also update their awareness of the relevant statutes.

 

The course will also benefit service delivery managers who manage this function on behalf of other organizations.

 

Course Contents

DAY ONE

Introduction to Payroll Administration

·         Importance of Payroll Management

  • Core payroll concepts/Payroll Management Basics
  • Payroll types
  • Defining a Payroll structure – (Pay grade/group concept)
  • The Human Resources Management interface
  • The Accounts interface
  • Employees categories and benefits planning that affect taxability.

 Payroll Management

  • Manual processing
  • Computerized processing
  • Payroll records confidentiality.

 Statutory Regulations

  • Legislations for PAYE – State Internal Revenue Service forms and how to fill them up
  • Legislations for pension schemes and tax implications
  • Relevant tax codes
  • Requirements for remittance of tax deductions
  • Tax Avoidance, Tax Evasion and their implications
  • Income Tax
  • Contributory Pension.

 

DAY TWO

Payroll Calculations

  • Payment period practices – hourly, daily, weekly, fortnightly, monthly

·         Payroll Setup

- Organization payroll profile

- Constituents of gross pay

- Calculations of net pay

- Allowances

- Time and Attendance

- Deductions

- Loans

- Amortization and upfront payments

  • Treatment of overtime pay
  • Treatment of bonuses, vacation allowances and other earnings
  • Involuntary deductions (e.g. Unions checkoff, Cooperative Societies, etc.)
  • Treatment of expatriate employees’ earnings
  • Treatment of Benefits-in-Kind
  • Directors’ earnings
  • Treatment of employment termination.

Payroll Processing

  • Data gathering
  • Variations – salary review, loans, pay off, etc.
  • Approval process
  • Disbursement and Reporting
  • Remittances.

 

 DAY THREE

Post-Payroll Processing

  • Accounting Principles

- General ledger classification

- Cost Centres

- Payroll journal Entry

  • Payroll audit

- Internal control

·         Challenges with payroll management

·         Automating your payroll process/Selecting a payroll software

·         Benefits of automating your payroll.


Date & Time
Wednesday
April 3, 2024
Start - 8:30 AM
Friday
April 5, 2024
End - 3:00 PM Africa/Lagos
Location

Tom Associates Training

5/7, Alade Lawal Street, Opposite Anthony Police Station, Off Ikorodu Road, Anthony Village,
NG-LA
Nigeria
+234 817 859 1654
+234 809 276 3968 | +234 810 365 2225
tomassociatestraining@yahoo.com | info@tomassociatesng.com
Get the direction
Organizer

Tom Associates Training

+234 817 859 1654
+234 809 276 3968 | +234 810 365 2225
tomassociatestraining@yahoo.com | info@tomassociatesng.com