Is your company contemplating changing your payroll frequency? Maybe your company has grown too large to handle a weekly payroll now, or perhaps a certain payroll cycle has become the norm in your industry. No matter what the reason, changing the payroll frequency can be a daunting and more than slightly harrowing idea if it is approached without careful planning. Of course, legally changing payroll frequencies is permitted by the states in most cases unless it is done strictly for the purpose of avoiding overtime already worked. However, it is an arduous task and should be approached with care and a tremendous amount of research and preparation. The compliance issues that need to be addressed before making the decision to change payroll frequency include such items as: Does the state permit the frequency? And Are there any employee notifications required prior to the change being made?
In addition to compliance issues there are issues that deal with timing, systems, and employee earnings and fringe benefit accruals. For example, deciding when to implement the pay frequency change can impact a myriad of other issues including the impact on issuing Forms W-2 if done prior to January 1; the effect on salary employees if done mid-year; and calculating fringe benefits if they are based on a time frame such as a per payroll period.
Join this session by our expert speaker Vicki M. Lambert, and learn how to handle the changing of payroll frequencies. The essential aspects of payroll frequency change and more will be covered in this session.
Session Highlights:
Understanding the need for the change
The choices available
Compliance issues involved
The change’s impact on payroll
The change’s impact on employees
The change’s impact on systems and procedures
Key communication factors to include at all stages of the change
Formulating the plan to implement the change
Testing the change before implementation
Implementation and the outcome
Why You Should Attend:
The information in this presentation will allow you to gain the knowledge and insight necessary to successfully implement changes of payroll frequency for your company.
Who Should Attend:
Ask your question directly from our expert during the Q&A session following the live event.
Vicki Lambert
Vicki M. Lambert, CPP, is President and Academic Director of The Payroll Advisor™, a firm specializing in payroll education and training. The company offers a payroll news service which keeps payroll professionals up-to-date on the latest rules and regulations.
With over 35 years of hands-on experience in all facets of payroll functions as well as over 20 years as a trainer and author, Ms. Lambert has become the most sought-after and respected voice in the practice and management of payroll issues. She has conducted open market training seminars on payroll issues across the United States that have been attended by executives and professionals from some of the most prestigious firms in business today.
A pioneer in electronic and online education, Ms. Lambert produces and presents payroll related audio seminars, webinars and webcasts for clients, APA chapters and business groups throughout the country. Ms. Lambert is an adjunct faculty member at Brandman University in Southern California and is the creator of and instructor for their Practical Payroll Online program, which is approved for recertification hours by the APA. She is also the Program Developer, Subject Matter Expert (SME), and Facilitator for the Certificate in Payroll Practice and Management Program offered by Cengage Learning / Ed2Go through hundreds of colleges and universities across the country.
Changing Payroll Frequencies - excellent webinar!
This webinar was fantastic. The speaker was easy to hear, clear and concise. She was very thorough on the process of changing payroll frequencies from one to another and the processes that you should think about with it. Things I didn't even think about in regards to state allowing the types of payment frequencies and the lag time from the time period ending to paying the employees.
I definitely recommend this webinar!
by Lynda Meyer, Precision Measurements
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This webinar has been approved for 1.5 HR (General) recertification credit hours toward California, GPHR, HRBP, HRMP, PHR, and SPHR recertification through the HR Certification Institute. The use of this seal is not an endorsement by the HR Certification Institute of the quality of the activity. It means that this activity has met the HR Certification Institute’s criteria to be pre-approved for recertification credit.