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This Payroll Management Training provides a comprehensive understanding of managing payroll in the UK. It covers net and gross pay calculation, statutory deductions, National Insurance Contribution system, and maintaining an efficient payroll system. The course also provides guidance on managing employee payments, retirement plans, and payroll error correction. Upon completion, learners will be equipped with the necessary skills to manage payroll effectively and efficiently in the UK.
Overview
This Payroll Management Training course provides a thorough understanding of the fundamental concepts and practices involved in managing payroll in the United Kingdom. The course covers the various aspects of the payroll system, including the calculation of net and gross pay, statutory deductions, and the National Insurance Contribution system. It also explains how to maintain an efficient payroll system, deal with new employees, and make use of online systems like PAYE. Additionally, the course provides guidance on managing employee payments, retirement plans, and payroll error correction. It concludes with a concise overview of the legal considerations involved in payroll systems. Upon completion of this course, learners will have the knowledge and skills required to manage payroll effectively and efficiently in the UK.What Will You Learn?
- Fundamentals of payroll systems and management
- How to define and maintain an efficient payroll system in the UK
- Procedures for handling new employee onboarding and terminations
- Calculation procedures for net and gross pay, including effects of deductions
- Understanding of statutory pay processes and national minimum wages
- Summary of the national insurance contribution system (NIC) and employee payments and contributions
- Using the RTI computerized payroll system effectively
- Investigation of payroll software programs and error correction
- Keeping employee records and performing annual reporting and other payroll-related tasks
- Legal considerations involved with payroll systems
Who Should Take The Course
This course is designed for individuals who are involved in managing human resources and payroll functions within a business or organization in the UK, including HR professionals, managers, business owners, and administrators. It is also suitable for those who wish to gain a comprehensive understanding of HR and payroll management practices in the UK.Requirements
There are no specific requirements for this course, but it is recommended for individuals who are interested in learning about HR and payroll management in the UK, as well as those who are already working in HR and payroll and want to expand their knowledge and skills. Basic computer skills and proficiency in English are also recommended.Course Currilcum
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- Payroll Systems and Management Fundamentals 00:30:00
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- Investigate the Fundamentals of the Payroll System 00:35:00
- Defining Payroll Systems in the United Kingdom 00:45:00
- Employees Joining and Leaving the Company 00:40:00
- Net and gross pay calculation procedure 00:35:00
- The Statutory Pay Process 00:40:00
- A Summary of the National Insurance Contribution System (NIC) 00:40:00
- Payee System Process 00:30:00
- Making Use of the Employment Allowance 00:40:00
- Explanation of the Retirement Plan 00:35:00
- Investigating Payroll Software Programs 00:35:00
- How to Keep Employee Records 00:35:00
- A Concise Overview of the Legal Considerations Involved with Payroll Systems 00:40:00