Payroll and Compensation Specialist
Course Code
Date
Place
Fees
Introduction :
Payroll and compensation management is a core function in any HR department. This course provides participants with the practical skills and tools needed to prepare payroll accurately and develop fair, motivating compensation structures. It covers legal, financial, and technical aspects of payroll, and aligns with market practices. This training is ideal for professionals looking to upgrade their skills and for companies aiming to improve their internal HR operations.
Objectives :
- Comprehensive understanding of payroll and compensation concepts.
- Accurate preparation of payroll sheets.
- Familiarity with wage laws and local regulations.
- Creating payroll reports based on accounting standards.
- Using digital systems for payroll management.
- Data analysis for performance insights.
- Designing fair and motivating compensation policies.
- Resolving payroll-related issues professionally.
Target Audience :
- HR professionals.
- Administrative and finance officers.
- HR managers seeking upskilling.
- Entrepreneurs and SME owners.
- Financial auditors and accountants.
- Those interested in HR digital transformation.
- Career changers into payroll & compensation.
Content Outlines :
Module One – Payroll and Compensation Fundamentals
- Definitions and key payroll components.
- Types of compensation and rewards.
- Factors affecting wage structures.
- HR cycle and salary management.
- Internal equity and external competitiveness.
- Industry-specific salary structure examples.
Module Two – Monthly Payroll Preparation
- Collecting attendance and productivity data.
- Calculating overtime and deductions.
- Handling taxes and social contributions.
- Creating payroll sheets via Excel/ERP.
- Payroll review and approval processes.
- Bank transfer and salary disbursement steps.
Module Three – Compensation and Incentives
- Bonus and incentive design strategies.
- Linking rewards to performance KPIs.
- Creating monetary and non-monetary benefits.
- Smart compensation planning for motivation.
- Variable pay systems.
- Evaluating compensation effectiveness.
Module Four – Legal and Tax Aspects
- Labor laws governing wages.
- Employee wage rights and obligations.
- Income tax and payroll fees.
- Social and health insurance procedures.
- Dispute resolution and grievance handling.
- Mandatory legal payroll reporting.
Module Five – Payroll Automation
- Introduction to HR digital systems.
- Top payroll management software.
- System integration with attendance tools.
- Payroll data security and privacy.
- Reducing manual errors via automation.
- Boosting efficiency with technology.