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Preventing Payroll Errors With Root Cause Analysis - Webinar

  • ID: 3989411
  • Webinar
  • July 2017
  • Region: Global
  • 90 Minutes
  • Lorman Business Center, Inc.
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Learn how to use root cause analysis to prevent payroll errors from occurring.

Technology is becoming more and more part of our daily lives, and payroll is no exception. Payroll departments everywhere are being asked to do more with less and leveraging technology to do payroll tasks. Now that day today 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 be able 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 make sure such errors only happen once. A review of commonly made errors reported by the IRS and the Federal Department of Labor will also be covered.

Learning Objectives
  • You will be able to define the most commonly reported errors companies make as reported by the internal revenue service and the Dept. of Labor.
  • You will be able to describe the importance of metrics and how to use them to build a case for process update.
  • You will be able to identify potential processes that can cause noncompliance at both the federal and state level.
  • You will be able to review your companies processes and make improvements based on data and tools that show the need for change.
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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
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Dayna J. Reum, CPP, FPC - PetSmart Inc.
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This webinar is designed for payroll managers, human resource and benefits professionals, controllers, CFOs, accountants, bookkeepers and business owners.
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