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Payroll Best Practices, by Steven M. Bragg
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120 best practices to improve the total process of the payroll department
Payroll Best Practices examines, in great detail, best practices for the payroll function, and how to install them to provide readers with an in-depth knowledge of how this critical functional area can be improved. Here, controllers, payroll managers, and CFOs will discover the exact work plans needed to implement each best practice in their organizations, and lays out pitfalls likely to be encountered and avoided along the way.
This how-to resource for payroll improvements includes:
* Techniques for reducing the workload and error rate of the payroll staff
* Methods for switching from an in-house to an outsourced payroll solution
* Ways to create or outsource a Web-based timekeeping system
* Approaches to switching to an employee-driven payroll deduction system
* Graphics indicating the cost and implementation duration for each best practice
* Policies and procedures that support the best practices
* A simplified best practices implementation plan
* An appendix that summarizes the large number of best practices presented
* A glossary of key payroll-related terminology
* And much more
- Sales Rank: #1355348 in Books
- Published on: 2005-07-20
- Original language: English
- Number of items: 1
- Dimensions: 9.51" h x .82" w x 6.36" l, 1.04 pounds
- Binding: Hardcover
- 224 pages
From the Inside Flap
By implementing best practices, a company can greatly improve its level of efficiency information reporting, especially within the payroll department. Payroll Best Practices features more than 120 best practices related to every phase of a company's payroll activities: tracking employee time, recording deductions, paying employees, calculating commissions, outsourcing, control systems, and more.
Written by esteemed accountant and bestselling author Steven Bragg, Payroll Best Practices shows controllers, payroll managers, and CFOs how to integrate these techniques into their existing payroll system. This go-to source for payroll improvements includes:
- Detailed policies and procedures that incorporate best practices
- An implementation plan for achieving the greatest efficiency improvement through the selective use of payroll best practices
- Ways to automate the timekeeping process or, at least, simplify it
- Methods to reduce employee deductions and convert to automated processes through the use of employee and manager self-service
- Numerous forms and reports, as well as advanced forms of data storage and electronic presentation
- Approaches to converting to a variety of electronic employee payments, as well as ways to encourage employees to accept the change
- A broad range of methods designed to simplify the calculation of commissions
- Ways to outsource multiple payroll functions
- Coverage of management-related payroll tasks, including training, process improvements, and customer service issues
- Techniques for using major computer systems to improve payroll processing
- Several payroll-specific measurements useful in designing a payroll metrics tracking system
- And much more
Increase efficiency, lower error rates, and improve service to employees, with the help of Payroll Best Practices.
From the Back Cover
120 best practices to improve the total process of the payroll department
Payroll Best Practices examines, in great detail, best practices for the payroll function, and how to install them to provide readers with an in-depth knowledge of how this critical functional area can be improved. Here, controllers, payroll managers, and CFOs will discover the exact work plans needed to implement each best practice in their organizations, and lays out pitfalls likely to be encountered and avoided along the way.
This how-to resource for payroll improvements includes:
- Techniques for reducing the workload and error rate of the payroll staff
- Methods for switching from an in-house to an outsourced payroll solution
- Ways to create or outsource a Web-based timekeeping system
- Approaches to switching to an employee-driven payroll deduction system
- Graphics indicating the cost and implementation duration for each best practice
- Policies and procedures that support the best practices
- A simplified best practices implementation plan
- An appendix that summarizes the large number of best practices presented
- A glossary of key payroll-related terminology
- And much more
About the Author
STEVEN M. BRAGG, CPA, CMA, CIA, CPIM, has been the chief financial officer or controller of four companies, as well as a consulting manager at Ernst & Young. He is the author of more than nineteen Wiley titles.
Most helpful customer reviews
1 of 4 people found the following review helpful.
Excellent bedtime reading
By Wade Lovell
I have been away from full time practice for many years. This refresher was well written but still dry.
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