Payroll Concepts with a Finance Perspective

Managing or participating in the management of payroll within a unit is a critical and challenging role. This workshop, designed for all staff members with a financial role, provides an understanding of payroll and related finance concepts.

Topics covered:

• Introduce key terms such as Person, Employee, Position and Job and Labour Distribution;
• Describe how payroll payments are initiated by method and system (appointment form, POPS);
• Review the major payroll payment and deduction types;
• Outline the guidelines used to assess whether a person should be paid as an employee or contractor;
• Discuss the Payroll schedule and process, as well as the interface with Finance;
• Explain the calculation for salary and benefit encumbrances.

The content is presented both from a Human Resource and Finance perspective.