Intro to Payroll and Benefits provides a thorough understanding of payroll processing and benefits administration, equipping participants with essential skills to navigate these critical aspects of business management. The course covers foundational concepts, practical applications, and the regulatory environment surrounding payroll and benefits, ensuring learners can effectively manage employee compensation and benefits packages in real-world scenarios.
Participants will engage in project-based learning, allowing them to apply theoretical knowledge to practical situations. The interactive format encourages collaboration and discussion, fostering a deeper understanding of the material. By the end of the course, learners will not only have gained valuable insights but will also have the opportunity to publish their findings and results in Cademix Magazine, further enhancing their professional profiles.
Syllabus:
Overview of Payroll Systems and Processes
Understanding Employee Classification and Compensation Structures
Calculation of Gross Pay and Deductions
Managing Payroll Taxes and Compliance Requirements
Introduction to Employee Benefits: Types and Regulations
Benefits Administration: Enrollment, Changes, and Termination
Payroll Software: Tools and Technologies for Efficiency
Record Keeping and Reporting Requirements
Handling Payroll Discrepancies and Employee Inquiries
Final Project: Develop a Comprehensive Payroll and Benefits Plan for a Hypothetical Company