Preparing, Analyzing, and Managing Salaries

Preparing, Analyzing, and Managing Salaries

Methodology:

The consultant provides a presentation and examples. Participants are asked to perform exercises on an Excel program for salaries and benefits, in addition to group workshops and presentations.

Course Objectives:

By the end of the course, participants will be able to:

• Understand the functions of human resources, accounting, and finance and how they contribute to its success.
• Prepare and accurately review monthly salaries.
• Calculate employee returns, loans, vacations, and end-of-service benefits.
• Match salary statements and audit supporting payment documents.
• Prepare monthly and annual salary budgets.
• Design regular reports for salary management and analysis.

Target Audience:

Employees, accountants, assistant accountants, supervisors, salary managers, and HR specialists interested in understanding and applying best practices related to managing the payroll department.

Program Content:

• The importance of the payroll department as a link.
• Introduction to human resources function.
• Recruitment.
• Employee retention.
• Development.
• Introduction to accounting and finance.
• Financial and managerial decisions.
• Payroll department as a link.
• Payroll department objectives.
• Payroll department controls.
• Payroll department policies and procedures.
• Salary preparation and calculation.
• Determining the correct controls in the payroll department.
• Determining the correct calculation basis.
• Risks leading to errors in salaries.
• Deductions and allowances.
• Salary approvals.
• Payroll fraud.
• Preventing payroll fraud.
• Preparing the salary schedule.

Employee Loans and Bonuses:

• Characteristics of employee loans and salary advances.
• Controlling access to loans and bonuses.
• Preparing loan reports.
• Actual end-of-service compensation.
• Preparing bonus reports.

Roles of Accounting and Auditing Departments:

• Recording salary expenses and salary payable.
• Recording salary costs debited to assets and inventory.
• Reconciling salaries with employee accounts.
• Reconciling liabilities with social security and government agencies.
• Reconciling payments with the bank account.
• Introduction to internal and external auditing.
• Auditing salary tables.

Preparing the Payroll Budget:

• Introduction to budgeting.
• Preparing the budget for the payroll department.
• Preparing the annual budget for salaries and contributions for the entire company.

Salary Disclosure and Contributions:

• Reports related to salaries.
• Salary protection system.
• Ministry of Labor.
• Social Security.
• General Organization for Social Insurance (GOSI) in Saudi Arabia.
• General Pensions and Social Security Authority (GPSSA) in the United Arab Emirates.