One of the key functions of Human Resource Management is Compensation and Benefits. At the core of C & B is Payroll Management. Payroll Management factors the entire life cycle of an employee within the organisation. This commences from the day one of the employee in the organization to the last day in the organisation. Payroll management is considered as a “Must Have Hygiene Factor” within the organisation and hence it is important that organisations ensure a effective and efficient payroll process.
This program aims to provide the candidate the end to end understanding of the payroll process. This will result in providing to the industry candidates who will be subject matter experts and will be able to apply the principles of payroll management from day one of their employment in this role.
Jr. working professional from accounts and HR function
Graduates with 1 -2 years of work experience looking at career opportunities in payroll management.
The Advance Diploma in Payroll Management will be conducted over a period of 24 weeks and will cover 120 hours of classroom training and 30 hours of project work and testing. The sessions will be conducted twice a week. Each session will be of 3 hours.
The gamut of Payroll management includes, pay (fixed and Variable), benefits (Stock options, insurance and other perks), Statutory compliance (Provident fund, income tax etc), Annual increments and Full and Final Settlement etc applicable to Indian nationals and expats. In addition to individual payments, the payroll management also plays a vital role in enabling the stakeholders take the appropriate business decisions. This is by means of analysing various reports that get generated through the payroll process..
Human Resource Management and overview
Knowledge of Excel.
Broad understanding of Human Resources as a function and it various sub-functions and its implication and connection with payroll processing.
Set –up the payroll process with necessary checks and balances
Applying the monthly payroll process with the use of payroll software
Generate the returns for statutory compliances & assist in conduct of audits
Create the various MIS reports
Provide resolution to payroll related queries/issues.
Human Resources as a function and it various sub-functions and its implication and connection with payroll processing.
Salary Components and salary fixation
Employee and CTC master data
Attendance and Processing cycle
Statutory compliances (taxation, PF & ESIC)
Labour Related Legislation Affecting Payroll
Full and Final Settlement
MIS, JV and other reports
Pay sheet review process
Basics of Excel
Managing Payroll Queries.
Method of Teaching:
Classroom interactive session and Practical sessions.
Method of Assessment & Weightage:
Assessment Tasks: Written Exam & project assignments.
Reading Lists & References
Essential Reading – Handouts
Suggested Reading –Payroll Best Practices – Steven Bragg
Students will be assessed on project work and a written examination that will be conducted at the end of the course.
This program will provide for employment opportunities to candidates in all big, medium and small firms.