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Topic 1 - Payroll Management

The document outlines the key responsibilities and skills required for payroll professionals and managers, emphasizing the importance of legislative compliance, performance management, and effective communication. It details the role of a Payroll Manager in managing payroll systems, monitoring legislation, and ensuring data reliability. Additionally, it discusses the significance of setting SMART objectives and addressing poor performance through clear communication and accurate measurement.

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ashley.cyang1988
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17 views13 pages

Topic 1 - Payroll Management

The document outlines the key responsibilities and skills required for payroll professionals and managers, emphasizing the importance of legislative compliance, performance management, and effective communication. It details the role of a Payroll Manager in managing payroll systems, monitoring legislation, and ensuring data reliability. Additionally, it discusses the significance of setting SMART objectives and addressing poor performance through clear communication and accurate measurement.

Uploaded by

ashley.cyang1988
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Payroll Management

Payroll Management

• Learning Objectives:
• Describe the legislative compliance role of a
payroll professional
• Explain the role of a Payroll Manager in an
organization
• Explain the components of performance
management
Compliance Advisors

• Payroll professionals must be able to


demonstrate:
• Comprehensive knowledge of legislative compliance
requirements
• Ability to apply that knowledge in day-to-day activities
• Competency and efficiency in monitoring legislative
developments
• Precision in managing payroll accounting activities
• Professionalism in treating all employee-related
information with confidentiality
Payroll Responsibilities

• Legislative compliance
• Correct application of the organization’s
employment policies and procedures
• Reliability of payroll data
• Critical information provider
Role of the Payroll Manager

• Manage the payroll system


• Monitor legislation
• Manage the payroll department
• Represent the payroll perspective within the
organization
Payroll Functional Areas

• Compliance
• Administration
• Coordination
• Analysis/reporting
• Supervision/management
Additional Skills

• Organized and flexible


• Detail-oriented and accurate
• Able to work well under pressure and changing
priorities
• Concerned with the need for confidentiality of
information
• Able to work through problems logically
Core Competencies

• Payroll legislation
• Communication (verbal and written)
• Financial accounting and business ethics
• Human resources management
• Management principles and processes
• Report writing
Role Expansion Opportunities

• Payroll accounting
• Employee benefits
• Employment standards
• Management reporting and variances
• Compensation planning
• Retirement benefits
• Privacy compliance
• Information technology
Performance Management

• To ensure a performance-driven workforce


• Integrate management of the payroll department to
the organization’s objectives
• Articulate performance expectations
• Provide regular feedback
Setting Objectives

• Employees should be involved in setting their


objectives
• Proper objectives are the key to effective
performance management
• Objectives start at the organizational level,
cascade to the departmental level and then to
the individual employees
• Each objective must be specific, measurable,
attainable, relevant and timely (SMART)
Effective Performance Management Components

• Establish key strategies and objectives


• Establish cascading objectives and priorities
• Establish individual objectives
• Interim and annual performance review
meetings
Poor Performance

• Causes
• Poor recruitment
• Poor management
• Poor fit
• Steps to influencing positive performance
• Setting appropriate standards
• Communicating standards clearly
• Measuring performance accurately and often enough

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