Duration: | Six half day sessions online | |
Delivery: | Virtual classroom | |
CPD: | 15 | |
Note: Training course starts at 1:00 pm |
Data drives everything, including payroll. The data that payroll is responsible for drives business results across the entire organisation. Today, every payroll staff member is accountable for understanding and interpreting that data. Through payroll analytics, you can strategically provide valuable insights that contribute positively to the organisation’s bottom line. Our payroll analytics training course will help you demonstrate dynamic leadership, leverage the value of data, identify trends for process improvements, and measure real success in your payroll operations.
Course delivered in partnership with
Why you should attend
Delivered in partnership with PayrollOrg (formerly the American Payroll Association), this payroll analytics training course will prepare you to use data analysis to confidently demonstrate your value as a strategic partner in your organisation. Our payroll analytics training course equips professionals with the skills to effectively analyse and interpret payroll data. With this course, you'll learn how to monitor payroll operations, drive actual improvements in your organisation, and make payroll a more productive business partner by using the wealth of data held in your payroll department. This leads to better strategic decisions that align with the organisation's financial goals and overall business objectives.
Payroll processes involve intricate calculations and data management. Our training course in payroll analytics teaches participants how to streamline these processes using data-driven approaches. This will boost efficiency, and prevent costly mistakes and compliance issues.
Our payroll analytics training course provides professionals with the skills to make informed decisions, optimise processes, and manage risks effectively, ultimately contributing to the overall success and stability of an organisation's payroll operations.
What you will learn
Come away from this online programme with an understanding of both the core fundementals and the real life application of payroll analytics. You will learn the common methods used to analyse data, alongside how to ensure that the data that you hold is mature and error free. The course will also cover ways of presenting information built from data, how to identify trends and actionable information, and how to incorporate data into your workplace on an ongoing basis.
After completing the course, you will understand:
- The types of business analytics and methodologies
- How to overcome barriers to using analytics
- How to use analytics to detect and prevent payroll fraud
- How to construct a step-by-step benchmarking plan
- How to demonstrate the value of payroll analytics to an organisation
Course content
Module 1: What are Analytics?
• Analytics Definition
• Business Analytics
• Eight Levels of Analytics
• Three Types of Business Analytics
• Types of Analytics
Methodologies
• Barriers to the Use of Business Analytics
• Barrier to Effective Analysis
• Payroll Analytics
• Framework of Business/Payroll Analytics
• Potential Analytics Pitfalls
Module 2: Data Maturity
• Dell Data Maturity Model
• Four Factors of Data Maturity
• Ensuring Accurate, Uniform, and Accessible Data Through
Audits
• Auditing the Data
• Sources of Data Errors
• Data Integration Methods and Structures
• Four Components of Analytics Maturity
Module 3: Payroll Data
• Master File Components
• Data Beyond the Master File
• Other Organisational and External Data
Module 4: Using Graphics to Communicate Analytics
• Tables
• Line Graphs
• Bar Graphs
• Pie Charts
Module 5: Using Analytics to Detect and Prevent Payroll Fraud
• What Is Payroll Fraud
• Detecting and Preventing Payroll Fraud
• Using Benford’s Law
• Finding Ghost (Phantom)
Employees
• Finding Timeclock Abuse
• Falsification of Wages
• Commission and Bonus Fraud
• Expense Reimbursement Fraud
• Employee Misclassification
• Payments After Termination
• Unusual System Entries
• Identifying Inconsistent
• Becoming a Data Driven Payroll Leader
• What and How Payroll Metrics Are Used to Monitor the Operation
• How Payroll Analytics Are Used to Measure Performance
• Performance Metrics
• Benchmarking
• APA/GPMI Deloitte Global Payroll Benchmarking Survey
• How Payroll Analytics Benefit the Business
• Payroll’s Contribution to the Business
• Taking the Initiative to Determine Solutions/Efficiencies
• Wage and Hour Compliance
• Comparing Budget to Actual Expenses
• Identifying Increases in Overtime
• Identifying Trends in Total Payroll
• Identifying Possible Employee Turnover
• Projecting Possible Retirements
• Using Substantive Analytical Procedures
• Presenting to the Business Counterparts/Stakeholders
• Organisational Readiness
• Available Tools
• Payroll/HR Dashboards
• Payroll Manager’s Dashboard
• Presenting the Results
Prior learning required
Continue your learning
Providing a full update of changes that may affect payroll, pensions and reward professionals the Payroll Update course is reviewed every 14 days to ensure that you remain up to date and compliant.