Online Class: Payroll Management 101

After you complete this Payroll Management course, you can be assured that you will have the necessary skills and abilities to tackle just about any payroll projects you are assigned.

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$120.00 (with CEU Certificate)
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  • 18
    Lessons
  • 24
    Exams &
    Assignments
  • 6,734
    Students
    have taken this course
  • 8
    Hours
    average time
  • 0.8
    CEUs
 
 
 

Course Description

Payroll Management 101: A Comprehensive Guide to Mastering Payroll in the Modern Business World

In the dynamic realm of business, the role of payroll management stands as a crucial pillar, holding the fabric of a company's financial operations together. Payroll Management 101 is a meticulously crafted course, designed to empower individuals with a thorough understanding and mastery of payroll processes, a fundamental aspect of successful business operations.

The Essence of Payroll Management

At the core of every successful business is an effective payroll management team. This team's responsibilities transcend beyond mere salary disbursement; they are the custodians of critical financial records and compliance with various regulatory frameworks. Effective payroll management is not a straightforward task. It involves a complex interplay of financial acumen, record-keeping precision, and regulatory compliance. In recent years, the role of payroll management has evolved, owing to advancements in technology and changes in workplace dynamics. For instance, the rise of remote working has introduced new challenges and complexities in payroll processing.

Bridging Skills and Knowledge

Payroll Management 101 is structured to bridge the gap between theoretical knowledge and practical skills. The curriculum is meticulously designed to encompass all the core competencies required in modern payroll management. The course is not limited to those directly involved in payroll processes; it is equally beneficial for small business owners and individuals seeking a competitive edge in their business acumen. This inclusivity ensures a diverse learning environment, mirroring the multifaceted nature of the business world.

Deep Dive into Payroll Dynamics

The course delves deep into various aspects of payroll management. Understanding payroll is not just about processing salaries; it's about grasping the nuances of record-keeping, employee records management, and accurate salary payments. In an era where digital transactions are the norm, the course also explores the streamlined processes of electronic payment systems.

Understanding Deductions and Benefits

Deductions and benefits form a critical part of payroll management. The course provides an in-depth understanding of standard deductions, benefits, and how to manage them effectively. This knowledge is vital in ensuring both compliance and employee satisfaction. Additionally, the course covers the intricacies of pay stubs, a fundamental component of payroll records. Understanding pay stubs is essential for both payroll professionals and employees, as it ensures transparency and clarity in financial dealings.

Taxation: A Key Component

Tax considerations are paramount in payroll management. The course provides comprehensive insights into how to calculate and manage state and federal taxes, a responsibility that lies at the heart of payroll functions. In today's world, where tax regulations are constantly evolving, staying updated is crucial. The course equips learners with the skills to navigate these changes efficiently.

Dealing with Special Scenarios

The course also addresses special scenarios such as dealing with outside contractors, managing sick and maternity leaves, and understanding pension schemes. These topics are particularly relevant in the current business landscape where flexible work arrangements and diverse workforce are commonplace.

Focusing on Retirement Benefits

Retirement benefits, including 401K contributions, are a significant part of employee benefits. The course explores how these contributions are calculated and deducted, providing learners with a comprehensive understanding of retirement planning and its implications in payroll management.

Technological Integration in Payroll

In the digital age, understanding and leveraging payroll software is indispensable. The course covers the use of advanced payroll software, highlighting how technology can streamline payroll processes, reduce human error, and increase efficiency.

Human Element in Payroll

Despite the technological advancements, the human element in payroll cannot be overlooked. The course emphasizes the importance of employing skilled payroll specialists and the impact of human factors in payroll management. Errors in payroll can have significant consequences, and the course provides strategies to minimize and manage these errors effectively.

Comprehensive Learning Experience

Payroll Management 101 is more than just a course; it's a journey through the various facets of payroll management in the 21st century. With the increasing complexity of modern business environments, the demand for skilled payroll professionals is on the rise. According to recent surveys, businesses are placing greater emphasis on accurate and efficient payroll systems, given their direct impact on employee satisfaction and regulatory compliance.

Your Pathway to Payroll Expertise

This course is your pathway to becoming a competent and knowledgeable payroll manager. Whether you are a seasoned professional seeking to update your skills or a newcomer aspiring to enter the field of payroll management, this course offers a comprehensive and practical learning experience. Join us in Payroll Management 101 and embark on a journey to master the art and science of payroll management in today's business world.

  • Completely Online
  • Self-Paced
  • Printable Lessons
  • Full HD Video  
  • 6 Months to Complete
  • 24/7 Availability
  • Start Anytime
  • PC & Mac Compatible
  • Android & iOS Friendly
  • Accredited CEUs
Universal Class is an IACET Accredited Provider
 
 

Course Lessons

Average Lesson Rating:
4.25 / 5 Stars (Average Rating)
"Extraordinarily Helpful"
(7,577 votes)

Lesson 1: Introduction to Payroll

10 Points
The payroll staff is a vitally important part of any large company. It has an important part to play in the record-keeping that is vital in a major company with lots of employees.
  • Lesson 1 Video
  • Lesson discussions: Payroll Course; Reasons for Taking this Course
  • Complete: Lesson 1 Assignment
  • Assessment: Lesson 1 Exam

Lesson 2: Record-keeping

15 Points
The payroll department of each business is charged with the responsibility of keeping a vast range of records on the company's workforce.
  • Lesson 2 Video
  • Complete: Lesson 2 Assignment
  • Assessment: Lesson 2 Exam

Lesson 3: Employee Records

9 Points
Every company needs to record information on its employees. The importance of keeping full, relevant information on its employees is essential for any company.
  • Lesson 3 Video
  • Assessment: Lesson 3 Exam

Lesson 4: Salary Payments

10 Points
Paying employees has become a far more streamlined process in recent years, with the option for companies to transfer payments electronically to their workforce by means of automated payments.
  • Lesson 4 Video
  • Assessment: Lesson 4 Exam

Lesson 5: Deductions

8 Points
There are certain standard deductions that will make their way onto all pay stubs, and as many again that appear on almost all of them. Non-mandatory deductions from a paycheck are more usually called "benefits."
  • Lesson 5 Video
  • Assessment: Lesson 5 Exam

Lesson 6: Pay Stubs

10 Points
Pay stubs are a major part of the record-keeping process for any company with a payroll, and they should also be part of any employee's records.
  • Lesson 6 Video
  • Assessment: Lesson 6 Exam

Lesson 7: Understanding All Parts of a Pay Stub

9 Points
How to read all parts of a pay stub, including all medical benefits/deductions, all 401K deductions, state, federal taxes, vacation, sick time, everything. In great detail.
  • Lesson 7 Video
  • Assessment: Lesson 7: Understanding the Pay Stub

Lesson 8: Tax Considerations

13 Points
There is a range of factors that govern how much tax each individual will pay. As a payroll professional, one of your responsibilities will be calculating how much tax employees must pay on their earnings.
  • Lesson 8 Video
  • Complete: Lesson 8 Assignment
  • Assessment: Lesson 8 Exam

Lesson 9: How to Determine and Pay State and Federal Taxes

10 Points
How to determine and pay federal taxes. How to generically go about paying state payroll taxes and unemployment. How to file information electronically.
  • Lesson 9 Video
  • Assessment: Lesson 9 Exam: How to Determine Taxes

Lesson 10: Dealing With Outside Contractors

10 Points
Because of the nature of consulting work, compensation for consultants is a great deal more flexible in terms of payments and governing rules than everyday salaried work, which must conform to a government standard.
  • Lesson 10 Video
  • Assessment: Lesson 10 Exam

Lesson 11: Sick and Maternity Leave

9 Points
Allowing workers to take some time away from their job to deal with the priorities of caring for their family, recovering from an illness, or having a baby is profitable for a company.
  • Lesson 11 Video
  • Lesson discussions: Sick Leave
  • Assessment: Lesson 11 Exam

Lesson 12: Pensions

10 Points
The idea of a pension is to provide financial stability during retirement and, if workers have saved enough, to allow them to enjoy the years after they stop working for a living.
  • Lesson 12 Video
  • Assessment: Lesson 12 Exam

Lesson 13: How 401K Contributions are Calculated and Deducted

9 Points
How 401k (including company matching), sick time, vacation time, pensions, health insurance, maternity leave, and other benefits are calculated and deducted from an employee's pay listing with specific examples.
  • Lesson 13 Video
  • Assessment: Lesson 13 Exam: How 401K Contributions are Calculated

Lesson 14: Dealing with 401K Contributions

10 Points
An entire lesson on 401(k) contributions, the types of plans available, the tax implications for both employers and employees, how company matching works.
  • Lesson 14 Video
  • Assessment: Lesson 14 Exam: 401 Contributions

Lesson 15: Preparing and Filing Form W2

10 Points
An entire lesson on the W2, what information is give on it, with actually specific examples that include 401K deductions/benefits, state/federal taxes, etc.
  • Lesson 15 Video
  • Assessment: Lesson 15 Exam: Preparing and Filing Form W2

Lesson 16: Dealing with Errors

15 Points
Payroll departments are staffed by humans,just like any department of any business, and therefore errors will be made.
  • Lesson 16 Video
  • Lesson discussions: Payroll Errors
  • Complete: Lesson 16 Assignment
  • Assessment: Lesson 16 Exam

Lesson 17: Payroll Software

10 Points
The main way that a payroll department can ease its human workload is to invest in a quality software package.
  • Lesson 17 Video
  • Assessment: Lesson 17 Exam

Lesson 18: Employing Payroll Specialists

110 Points
A payroll department is only as good as the people who staff it. It is a business owner's decision how to address this need, and it is on the owner's instincts and preferences that he or she will base the decision.
  • Lesson 18 Video
  • Lesson discussions: End of Course Poll; Program Evaluation Follow-up Survey (End of Course); Course Comments
  • Complete: Lesson 18 Assignment
  • Assessment: Lesson 18 Exam
  • Assessment: The Final Exam
287
Total Course Points
 

Learning Outcomes

By successfully completing this course, students will be able to:
  • Define payroll management.
  • Describe the requirements for record keeping.
  • Describe the requirements for retaining employee records.
  • Summarize salary payments.
  • Summarize deductions.
  • Summarize payslips.
  • Define tax considerations.
  • Describe dealing with outside contractors.
  • Describe handling sick and maternity leave.
  • Describe handling pensions.
  • Describe dealing with errors.
  • Demonstrate mastery of lesson content at levels of 70% or higher.
 

Additional Course Information

Online CEU Certificate
  • Document Your Lifelong Learning Achievements
  • Earn an Official Certificate Documenting Course Hours and CEUs
  • Verify Your Certificate with a Unique Serial Number Online
  • View and Share Your Certificate Online or Download/Print as PDF
  • Display Your Certificate on Your Resume and Promote Your Achievements Using Social Media
Document Your CEUs on Your Resume
 
Course Title: Payroll Management 101
Course Number: 8900218
Lessons Rating: 4.25 / 5 Stars (7,577 votes)
Languages: English - United States, Canada and other English speaking countries
Availability: Accessible from any state in the U.S., this course covers key areas such as California, Texas, Florida, New York, Pennsylvania, Illinois, Ohio, and Georgia. The course is also offered in English-speaking nations like Australia, Canada, the UK, and South Africa.
Last Updated: June 2024
Course Type: Self-Paced, Online Class
CEU Value: 0.8 IACET CEUs (Continuing Education Units)
CE Accreditation: Universal Class, Inc. has been accredited as an Authorized Provider by the International Association for Continuing Education and Training (IACET).
Grading Policy: Earn a final grade of 70% or higher to receive an online/downloadable CEU Certification documenting CEUs earned.
Assessment Method: Lesson assignments and review exams
Instructor: Linda Zavadil
Syllabus: View Syllabus
Course Fee: $120.00 U.S. dollars

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Student Testimonials

  • "Considering that I was a payroll employee, this course was very interesting for me, the lessons are very accurate and above all I like that everyday topics are included, as well as mentioning that the role that we have is not easy. This course is well worth it." -- Antonella G.
  • "This course was great! Every topic was helpful and went in depth of each subject. Some of it I already knew, but there was a lot of things I didn't know." -- Janis F.
  • "This course was very helpful. I really appreciate the level of detail that was described in each lesson and video. Great layout, easy to navigate, responsive instructor. Just a fantastic experience all around." -- Thomas K.
  • "This course was immensely helpful. Good information." -- Nikki W.
  • "The course is quite comprehensive. It's helpful, and informative." -- Kazeem S.
  • "In general, the course and the instructor were great." -- Anna N.
  • "This course was very helpful in helping me to understand the in and out of the payroll department." -- Alicia J.
  • "This course and instructor both helped me immensely!" -- Deanne C.
  • "I really enjoyed the class as well as the feedback on all of the tests and assignments." -- Anjila O.
  • "Love to learn and you just helped me a lot. Thank you very much!" -- Karen O.

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