Statistics and Compensation are deeply related to each other

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Pay is basically about statistics, as it is designed and administered around math. Math, as we all know, is vital to all aspects of pay, right from the structure to the analysis of data.

The importance that statistics has in compensation can never be understated. When devising and analyzing concepts relating to pay, such as pay ranges, pay survey data, individual and group pay rates, and other elements of a compensation program; knowledge of statistics is a must.

Understanding the relationship between statistics and compensation

An in-depth exploration of all the close relationship between statistics and compensation will be made at a webinar that TrainHR, a leading provider of professional trainings for the human resources industry; is organizing. The speaker at this webinar is David J. Wudyka, SPHR, Managing Principal of Westminster Associates in Wrentham, MA, who is an independent Human Resource Consultant with over 30 years’ experience in the profession. Davis is one of the first people in the United States certified in the Compensation field by the World At Work.

You can get to explore the deep relationship between statistics and compensation by registering for this webinar at TrainHR .

Viewing this webinar, its entirety qualifies for a recertification credit hour that may be counted toward SHRM-CP and SHRM-SCP recertification from SHRM.
Credit is awarded based on the actual educational time spent in the program.

All the elements of the pay structure

The aim of this webinar is to help the participants simplify and elucidate the assumed complexities of the pay structure and make them get a grasp of the many elements of the statistics behind the pay structure. In the course of helping the participants of this webinar with this; he will pose and counter the myriad questions about statistics in pay structure. These are some of them:

  • How to calculate minimums and maximums of a pay range, knowing just the new midpoints?
  • What is a compa-ratio, and how is it used?
  • How does one calculate a percentile, and how are percentiles used?
  • Why are weighted averages used by the majority of Compensation practitioners, and not the median?
  • What is the difference between simple regression analysis and multiple regression analysis, and how do practitioners use these concepts in a practical way?
  • What is correlation analysis and how does this analysis help in pay program administration?
  • When you are creating new pay structures, how can you estimate the number of grade levels between new midpoints using selected midpoint to midpoint spread percentages?
  • Why do practitioners divide pay ranges into quartiles?

Familiarity with all the measures that go into pay programs

These statistical concepts can be a very effective means to improve one’s ability to create and analyze one’s compensation program. The speaker will help identify the measures that Compensation professionals use when they design and administer pay programs, from the creation of pay structures through the analysis of pay survey data. This webinar will offer clarity on the underlying statistics of the elements of compensation programs.

It will cover the following areas during this session:

  • How to create and analyze pay range widths (“spreads”)
  • Why “weighted averages” are more widely used than “medians”
  • Defining “means”, “medians” and “modes” (and how to use them)
  • How to understand the statistics of pay structure design
  • Understanding the difference between regression and correlation analysis, and how to apply them effectively in pay program analysis
  • How “percentiles” differ from “percents”, and how to calculate them
  • How to calculate rate range minimums and maximums from estimated midpoints
  • Calculating the “penetration” of pay rates in pay ranges
  • The Compa-ratio: what it is, how to calculate it and how to use it
  • Why pay ranges are divided into “quartiles”
  • The difference between “linear regression” and “multiple regression”
  • How to estimate the number of grade levels between two new pay structure midpoints
  • What are “measures of central tendency” and why are they important for analysis?

Compensation Analysts, Human Resource Managers, Human Resource Generalists, Financial Managers, and Human Resource Managers who are new to the Compensation function are some of the personnel who will extract high value from this course.

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Dealing with Resident and Non Resident Alien Payroll

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Dealing with the Resident and Non Resident Alien Payroll is a different ball game compared to other usual payrolls. When it comes to the payroll, the laws that apply when making payments to an alien are different from those pertaining to a non-alien. Further, there is a difference in the application of laws for resident alien and nonresident aliens.

An alien is one who, under the immigration laws, is not a US citizen. In this classification, the regions of Puerto Rico, the US Virgin Islands, Guam, and the Northern Mariana Islands are included among the US territories. Aliens can either be resident or nonresident.

For an alien living in the United States to be considered a resident alien; he or she has to meet either the Green Card Test or the Substantial Presence Test for the current calendar year.

What are the payroll obligations of aliens?

The IRS has payroll laws for both resident and nonresident aliens. They are subjected to tax laws spelt out by the IRS for work carried out in the US. They become subject to federal tax withholding. The basic taxation documentation requirements for these categories include:

  • Form I-9
  • Taxpayer Identification Number
  • Form W-4

Further, the slew of rules and regulations on how to carry these out makes their implementation complex. With more and more companies looking out for global talent and attracting it in order to increase their bottom line; it is all the more imperative for payroll professionals to be thorough in their understanding of the laws pertaining to federal tax withholding for different categories of workers.

Get complete understanding of the payroll laws

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A detailed webinar from TrainHR, a leading provider of professional trainings for the areas of human resources, will be imparting this understanding. At this webinar, Dayna Reum, who is Payroll Tax Manager at PetSmart Inc., and has been heavily involved in the payroll field over 15 years, will be the speaker.

To get clear understanding of the various laws that relate to resident and nonresident alien payroll, please enroll for this webinar by visiting TrainHR. Viewing this webinar, its entirety qualifies for a recertification credit hour that may be counted toward SHRM-CP and SHRM-SCP recertification from SHRM.  Credit is awarded based on the actual educational time spent in the program.

There is a big need for understanding the regulations

Since taxes need to be accounted for in both the US and in the foreign country from which an organization may have hired its talent; it is necessary to get the dynamics of the resident and nonresident alien payroll right, because the costs of getting these wrong are enormous. This webinar will give a complete understanding of the regulations and clear the many confusions in these areas.

This session will be of value to professionals involved in the many aspects of payroll and employment, such as Payroll Professionals, Human Resources, Accounting Personnel, Business Owners, Employee Benefit Professionals, and Lawmakers.

At this webinar session, Dayna will cover the following areas:

  • Detailed discussion on why it is critical for HR and payroll to work together on anyone being hired that is on a visa status
  • Understanding the Visa process from how companies obtain a visa for a potential employee to how to handle employees already on visas when being hired
  • Understanding taxation concerns for non-immigrant workers
  • Discussions on what is an I-94 card and how to review them
  • Details of different types of work visa’s such as L-1,E,O,H-1,TN/NAFTA
  • Details of different types of student visa’s such as F-1 & J-1
  • Tax Equalization and Tax Protection Plans
  • Having a solid Hypothetical tax plan
  • Review of Tax Settlement Statements and how to account for international assignments.

 

Payroll Deduction –an overview

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Payroll deduction is a tricky job. Payroll professionals have to wade through innumerable, elaborate laws that apply to different kinds of pay. If one kind of payroll deduction applies to an employee who lives in one state and works in another; another kind of payroll deduction has to be followed for an employee who works in a company which is situated in another state. Residence of the employee, the state in which the company for which she works is registered, the state of which an employee has citizenship and the state in which she works or stays –all these are important factors and parameters that go into a payroll deduction.

Further, federal and state deductions vary from one state to another. In addition, there are hierarchies of payroll deductions, meaning items for which deductions are to be are prioritized. Certain deductions take priority over others. All in all, payroll deduction can get very complicated if the payroll professional is not thoroughly familiar with all the rules and regulations, as well as the exceptions to the payroll.

Get to understand all the aspects of payroll deductions

Offering clarity on the areas of payroll deductions is the intent of a webinar that is being organized by TrainHR, a leading provider of professional trainings for the healthcare industry. At this webinar, Dayna Reum, Payroll Tax Manager at PetSmart Inc., who has been heavily involved in the payroll field over 15 years, will be the speaker.

In order to have your confusions over the many areas of payroll deductions cleared, please enroll for this webinar by visiting http://www.trainhr.com/control/w_product/~product_id=701756LIVE?wordpress-seo

This webinar has been approved for 1 HR (General) recertification credit hours toward aPHR, PHR, PHRca, SPHR, GPHR, PHRi and SPHRi recertification through HR Certification Institute (HRCI).

Attendance at this webinar also makes a participant eligible for recertification credit from SHRM. Viewing this webinar, its entirety qualifies for a recertification credit hour that may be counted toward SHRM-CP and SHRM-SCP recertification from SHRM. Credit is awarded based on the actual educational time spent in the program.

Content of the webinar on payroll deductions

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At this webinar, Dayna will offer a general overview of the types of deductions that employers take from an employee’s check. She will review the laws that surround all types of deductions that an employee can take with or without employee consent, along with how to properly calculate the deductions. She will equip the participants with the knowledge that will make them rest assured that the way by which they process employee payroll deductions are in accordance with the law at both the federal and state levels.

Complete learning on all the problem areas of payroll deductions

In offering reviews of the Federal and State laws on payroll deductions; the speaker will highlight the difference between required tax deduction and tax deductions that the employers are not required to withhold. She will explain how to make the proper garnishment calculation based on the Federal Consumer Credit Protection Act.

Another important learning she will offer is how to properly refund before tax deductions, what deductions require employee written consent, and what precautions to take with regard to employee payroll deductions according to the State DOL. Special IRS rules for Loan and advances given to employees.

Payroll Professionals, Compensation Professionals, HR Professionals, and Benefit Professionals will derive a lot of value from this webinar. It will cover the following areas:

  • Benefits Deductions
    • Before tax and after tax deductions
    • Cafeteria 125 Deductions
  • Garnishment Deductions
    • Child support limits and beyond
    • Federal and State Tax Levies
    • Creditor Garnishments
  • Taxation
    • Mandatory taxes versus courtesy taxation
  • Employer Deductions
    • Overpayments
    • Advances and Employee Loans
    • Non- Cash overpayment legality
      • Cash Drawer Shortage
      • Theft

 

Handling travel pay

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Both the Internal Revenue Service (IRS) and the Department of Labor (DoL) have requirements that need to be met when considering compensable travel pay. The requirements for this segment of pay have to be met from gross pay and overtime calculation.

Many components go into making this calculation. Factors such as one day assignment but overnight concerns, waiting time, meeting and training regulations come into play. Making these calculations rightly is important to meet the requirements set out by the DoL and the IRS. The requirements of both these departments have to be satisfied if incorrect entries have to be avoided.

Knowledge of how to apply them is important

Further, IRS regulations need to be grasped properly for gaining understanding of taxable and non-taxable expenses such as how to properly handle spousal travel and frequent flyer miles.

This requires a proper understanding of the way the requirements are set out by these two departments, plus clarity of how to apply them. This is the teaching a webinar from TrainHR, a leading provider of professional trainings for the human resources industry, will be imparting.

Dayna Reum, who is Payroll Tax Manager at PetSmart Inc., and has been heavily involved in the payroll field over 15 years, will be the speaker at this webinar. To gain understanding of the way travel pay has to be handled from a payroll perspective; please enroll for this webinar by visiting TrainHR

Viewing this webinar, its entirety qualifies for a recertification credit hour that may be counted toward SHRM-CP and SHRM-SCP recertification from SHRM.
Credit is awarded based on the actual educational time spent in the program.

All areas of travel pay

In this session, which will be of value to everyone connected with the payroll, such as Payroll Professionals, Compensation Professionals, HR Professionals, and Benefit Professionals; Dayna will cover the following areas:

  • Gross Pay/Overtime Concerns
    • Defining “Hours Worked”
    • Preliminary and postliminary Activities
    • “On-Call” Time
    • “On-Duty” Waiting Time
    • Training And Seminar Time
    • Travel Time
  • Taxation and Expense Concerns
    • IRS Travel Expense Concerns
    • Accountable and Non-accountable Expense plans.

Enhance the effectiveness of being a payroll manager

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A payroll manager is essentially responsible for managing the payroll for the employees. The payroll manager has to ensure that the employees are paid on time, in accordance with their pay scale, and also in a legally compliant manner. Usually, the payroll manager manages teams of payroll staff, depending on the size of the organization. Many payroll managers also manage multiple payroll services, when they are managers in organizations that provider payroll services.

Most payroll managers have the general responsibilities, to:

  • Create and implement payroll policies and procedures
  • Advise the organization or its employees on tax and pay laws
  • Analyze financial data and report on them
  • Supervise and train the payroll team
  • Manage computer software and systems
  • Ensure that payroll practices meet compliance regulations.

Payroll managers usually highly qualified. They are normally either CIPP’s or IAB’s. In addition to possessing these qualifications for carrying out their functions; payroll managers need to have a number of important qualities. They are expected to be good at:

  • Team management
  • Time management
  • Problem solving
  • Paying attention to detail
  • Dealing with and calculating numbers
  • Computer systems

An effective training session on finessing payroll management functions

Want to know more on how to carry out this important function of an organization’s Finance department? Want to finesse your managerial skills and become a more effective payroll manager? Then, a webinar that is being organized by TrainHR, a very popular provider of professional trainings for the HR industry, is what you need.

Dayna Reum, who is the Payroll Tax Manager at PetSmart Inc. and has been heavily involved in the payroll field over 15 years, will be the speaker at this webinar. All that you need to do to gain the immense knowledge that Dayna brings into payroll management and finesse your skills and knowledge and become a more successful payroll manager is to register for this webinar by visiting TrainHR

This webinar has been approved for 1 HR (General) recertification credit hours toward aPHR, PHR, PHRca, SPHR, GPHR, PHRi and SPHRi recertification through HR Certification Institute (HRCI).

Helping to face challenges

Dayna will address the many challenges that Payroll Managers at all levels face at some point of their careers. She will help them overcome these by offering a tool kit of skills which they can use in a payroll team. This kit is useful for the beginner and the experienced payroll manager alike.

Participants of this webinar will be able to overcome the challenges of being a payroll leader/manager. The aspects of leading and managing a payroll department will be taken up for detailed discussion. The speaker will explain the responsibility of a payroll manager, along with how to build a strong payroll team, which will be particularly useful for personnel such as Payroll Professionals, Compensation Professionals, HR Professionals and Benefit Professionals.

Multiple skillsets for handling payroll management

Dayna will also equip the participants of this webinar with many of the skills they need for being successful at their job of payroll managers. She will show how they can properly prioritize tasks and analyze processes to effectively improve the payroll processes. This training will help participants look beyond just firefighting in their role as payroll managers. The way of communicating more effective and organizing effective meetings that give out the best results, as well as how to be more effective, are some of the other outcomes of this session.

At this webinar, Dayna will cover the following areas:

  • Responsibility of a Payroll Manager
    • Suggestions of a Payroll Manager
    • Primary Duties
    • Building a Strong Payroll Team
  • Payroll Specific Management Skills
    • How to prioritize tasks and/or issues
    • Following state and federal laws and how to keep up to date
    • Reporting Compliance
  • Management Tool kit
    • Fixing inefficient processes
    • Building strong relationships with vendors and/or other departments

https://www.ucas.com/ucas/after-gcses/find-career-ideas/explore-jobs/job-profile/payroll-manager