Payroll management is evolving quickly. New laws, fads, systems, and technological advancements are at hand. There is a great deal of cutting-edge technology available in the form of instruments, methods, and apparatus to greatly improve payroll administration. However, a lot of businesses continue to conduct payroll inefficiently and use outdated payroll administration systems.
Payroll practices and systems that are out-of-date and outmoded are not meeting employee requests for transparency in payroll, online data, flexible payments, including cryptocurrencies, and more. Too often, HR management handles payroll independently. Shared technological platforms ought to merge and incorporate these functions. Payroll's primary goals are flawless payments and avoiding penalties and fines for breaking laws and regulations. Making use of the various technological tools and strategies that are available can greatly enhance payroll administration.
This webinar examines all initiatives aimed at enhancing payroll processing in a digital setting.
The entire background of payroll regulations and administration is covered in this webinar, which emphasizes simplicity in a technology-driven setting. It examines both new and old payroll regulations, trends, and technologies. It looks at the benefits and drawbacks of "work from anywhere," a situation that many businesses are facing. The first step is classifying workers appropriately as either workers or contractors. There are guidelines for the administration and payment of contractors. Guidelines for employees who are either "exempt" or "non-exempt" under the DOL and FLSA.
There is currently a demand for real time payroll data:
Webinar covers taxes in changing payroll environments
Webinar covers “Working from Anywhere” controversies:
New payroll technology promotes more flexibility:
Employee flextime considerations:
Payroll administration is only approved if it is flawless, the webinar emphasizes. This webinar's main focus is on reaching payroll processing perfection. The comprehension and application of the Department of Labor's recently proposed overtime regulations receive particular emphasis.
A thorough assessment of all job descriptions, policies, procedures, and handbooks will be necessary under the new rules. There will be a rise in the number of workers qualified for overtime, which will raise expenses and administration. The significant implementation, which requires moving personnel to new classifications for compliance, will also have an influence on culture. COVID-19 issues and difficulties.
Why Should You Attend:
In any firm, payroll is the most crucial component. It raises staff morale. It needs to be flawless and follow all guidelines. This webinar covers every payroll regulation under the FLSA and how to apply it to the fullest extent possible. Attendees will leave with a solid working understanding of payroll rules and administration using easy-to-understand tools and procedures, along with related new trends and technologies. It takes a straightforward approach to payroll rules and administration.
Areas Covered in the Session:
New Technologies for Payroll:
Who should attend this:
Carl Young is a multi-talented professional with a Master of Business Administration degree and postgraduate studies in Accounting and Taxation. With over 25 years of experience in senior-level corporate management, finance, accounting, and business management, he has held positions such as Chief Financial Officer for a $275 million technology-driven company, CEO in his own small-scale parts manufacturing company, and Senior Financial Associate in a prominent consulting firm.
Carl is affiliated with the American Society of Corporate Controllers, Gersen & Lehrman, Standard & Poors, and the National Association of Accountants.
