Changing Payroll Frequencies: How It Can Be Done

Description:
This webinar discusses the legal requirements and the best practices that will be needed when an employer is investigating, contemplating, or initiating a change in payroll frequency.

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 is, changing the payroll frequency can be daunting and more than slightly harrowing 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 tremendous amount of research and preparation. The compliance issues that need to be addressed before making the decision to change payroll frequency must consider factors such 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. There are numerous other considerations that should be discussed when considering or implementing a payroll frequency change.

Why Should you Attend:
Attend this 90 minute presentation to better understand the requirements under federal and state law when contemplating or implementing a change in payroll frequency. The best practices, practical points as well as legal requirements discussed will assist in making the transition as smooth as possible for your employees and your department.

Objectives of the Presentation:
The attendee can learn and understand the background of the law, what must be considered and who must be included when contemplating or implementing a change in payroll frequency. This includes topics like:
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
Who can Benefit:
Payroll professionals
Human Resources
Accounting Personnel
Business Owners
Lawmakers
Attorneys
Any individual or entity that must deal with the complexities and requirements of changing the payroll frequency for his or her employer

About Company:

Online Compliance Panel creates and delivers comprehensive industry relevant training sessions. These sessions are simple, interactive and cost effective. We are a predominantly web based information exchange forum. Live interactions on compliance training make the process holistic and effective. Online Compliance Panel largely emphasizes in offering regulatory compliance training to compliance professionals on varied topics. These primarily include risk management, quality management, corporate compliance and other regulatory compliances. Some of our primary areas of focus include advancement and updates in regulatory compliance, best practices and market trends.

We strive to incorporate high standards in developing a culture facilitating exchange of ideas resulting in functional excellence. Online Compliance Panel believes in nurturing ideas and thought processes through innovative e-learning methodologies. Our products and services are designed to offer customized solutions to industry and market. We bridge the gap between experience and knowledge thus delivering original and creative content.

Our objectives of employing interactive mediums ensure effective communication and mutual exchange of ideas. Online Compliance Panel closely follows best practices and regulatory trends in the global compliance scenario. We also observe and communicate trends witnessed in FDA, ISO regulations, process and design validation. All updates and additions to important laws can be accessed by our customers in real time.

Contact:
Toll free: +1-510-857-5896
Email: [email protected]
OnlineCompliancePanel LLC,
38868 Salmon Ter,
Fremont, CA 94536, USA
Use For Registration: http://bit.ly/payrollfreq