Kendor Consulting Holds Payroll Management Workshop

Kendor Consulting said that the ability to understand payroll computation is a critical skill for everyone working with payroll solutions in the contemporary society.

In view of that, the Company said it is essential that people working with payroll can understand as well as check that payroll has been computed correctly.

In addition, the ability to answer queries regarding estimating an employee's net pay in advance, paying employees exiting the organisation and being able to explain to employees the meaning of the various entries on a payslip is vital.

 Employees also expect employers to pay salaries on time and in accordance to the agreed terms in their contract of employment. Late and erroneous salary payment is a risk that negatively impacts employee morale and damages the professional relationship with them.

 Meanwhile, Kendor Consulting will hold a-day practical workshop aimed at enabling each participant understand the requirements of payroll related legislation as well be competent in calculating and administering a payroll process.

 According to the organizers, the workshop is meant for HR Professionals, Finance Professionals, Payroll Administrators and others responsible for the Compensation & Benefits/Payroll function in their organisations

Topics to be covered during the workshop include, Introduction to Compensation; Payroll Related Legislation: Labour Act, Pension Act, Personal Income Tax Act; Components of Salary; Payroll Computation; Payslip Components; Payroll Administration; Payroll Policies & Procedures and Outsourcing Payroll. The date is November 25 - 26, 2013 at the Learning Place, Kendor Consulting, Lekki Phase 1, Lagos.