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CERTIFICATE IN PAYROLL MANAGEMENT

Objectives

One of the key functions of Human Resource Management is Compensation and Benefits. At the core of C & B is Payroll Management. Payroll Management factors the entire life cycle of an employee within the organization. This commences from the day one of the employee in the organization to the last day in the organization. Payroll management is considered as a “Must Have Hygiene Factor” within the organization and hence it is important that organizations ensure a effective and efficient payroll process. This program aims to provide the candidate the end to end understanding of the payroll process. This will result in providing to the industry candidates who will be subject matter experts and will be able to apply the principles of payroll management from day one of their employment in this role.

Eligibility

  • Fresh Graduates
  • Working professional from accounts and HR function

Course Structure

The Advance Diploma in Payroll Management will be conducted over a period of 24 weeks and will cover 120 hours of classroom training and 30 hours of project work and testing. The sessions will be conducted twice a week. Each session will be of 3 hours.

Examination:

Students will be assessed on project work and a written examination that will be conducted at the end of the course.

Syllabus

The gamut of Payroll management includes, pay (fixed and Variable), benefits (Stock options, insurance and other perks), Statutory compliance (Provident fund, income tax etc), Annual increments and Full and Final Settlement etc applicable to Indian nationals and expats. In addition to individual payments, the payroll management also plays a vital role in enabling the stakeholders take the appropriate business decisions. This is by means of analyzing various reports that get generated through the payroll process.

Course Content

  • Human Resources as a function and it various sub-functions and its implication and connection with payroll processing
  • Salary Components and salary fixation
  • Employee and CTC master data
  • Attendance and Processing cycle
  • Statutory compliances (taxation, PF & ESIC)
  • Labour Related Legislation Affecting Payroll
  • Reimbursements
  • Salary revisions
  • Full and Final Settlement
  • MIS, JV and other reports
  • Pay sheet review process
  • Basics of Excel
  • Advance Excel
  • Payroll software
  • Managing Payroll Queries

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