Course description
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.
Suitability - Who 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.
Training 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
Employee Records
Module 6: Using Metrics to Monitor Payroll Operation
• 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
Module 7: Using Analytics to Improve Payroll Analytics
• Performance Metrics
• Benchmarking
• APA/GPMI Deloitte Global Payroll Benchmarking Survey
Module 8: Using Payroll Analytics to Improve the Organisation
• 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
Module 9: Incorporating Payroll Analytics
• Organisational Readiness
• Available Tools
• Payroll/HR Dashboards
• Payroll Manager’s Dashboard
• Presenting the Results
Expenses
Price: £1,485 + VAT
Continuing Studies
Payroll Update
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.
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The Chartered Institute of Payroll Professionals (CIPP)
The UK’s leading provider of education for payroll. Leading the profession through education, membership and recognition. Established in 1980 as an official industry body, the Chartered Institute of Payroll Professionals (CIPP) is the only Chartered institute for payroll, pensions and reward...
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COVID-19 - Updates from the CIPP
Read how the Chartered Institute of Payroll Professionals is responding to Coronavirus (COVID-19).