Payroll Launchpad - Unveiling the Foundations
Covers the basics of payroll processes to legal compliance and payroll tax calculations on withholdings
Description
Ignorance Isn't Bliss: The Consequences of Ignoring US Payroll Laws
Picture this: Your business is flourishing, employees are dedicated, and the future looks bright. But in the fast-paced world of payroll management, ignorance or oversight can lead to dire consequences. Failing to adhere to payroll laws isn't just risky–it's a potential minefield of legal and financial setbacks that can shake the very foundation of your success.
Walmart Inc. (2008)
Walmart settled a class-action lawsuit for $640 million regarding allegations of wage and hour violations. The lawsuit claimed that the company had failed to provide proper meal and rest breaks, resulting in underpaid wages for hundreds of thousands of employees.
Wells Fargo (2016)
Wells Fargo faced a penalty of 185 million for creating unauthorized customer accounts to meet sales targets. This case also involved employees being pressured to meet unrealistic sales quotas, leading to unethical practices.
Here's a brief description of what we'll go over in this course so you can avoid (or make sure the company you work for avoids) these costly mistakes:
Introduction to Payroll Management
Understand the role and importance of payroll in organizations.
Explore the key components of payroll processing.
Legal and Compliance
Navigate through complex payroll regulations and stay compliant.
Learn about tax obligations, labor laws, and reporting requirements.
Calculating Payroll
Master your understanding of wages, deductions.
Explore overtime calculations and special scenarios.
Record Keeping and Reporting
Learn best practices for maintaining accurate payroll records.
Reports for management and auditing purposes
Who Should Enroll?
Aspiring Payroll Professionals
HR Personnel and Administrators
Small Business Owners
Accounting and Finance Students
Anyone Seeking a Career in Payroll
What You Will Learn!
- Understand the role and importance of payroll in organizations
- Learn about tax obligations, labor laws and reporting requirements
- Master your understanding of wages, deductions and taxes
- Learn best practices for maintaining accurate payroll records
Who Should Attend!
- Our Payroll Foundations Course is designed for a wide range of individuals, including aspiring payroll professionals, HR personnel, small business owners, accounting and finance students, and anyone looking to establish a strong understanding of payroll management