PAYROLL KEYNOTE SPEAKER AND FUTURIST: TECHNOLOGY TRENDS AND FUTURE INNOVATIONS

11 Aug PAYROLL KEYNOTE SPEAKER AND FUTURIST: TECHNOLOGY TRENDS AND FUTURE INNOVATIONS

Posted at 13:23h in Uncategorized by

What do payroll keynote speakers and finance futurists do? It helps to get a better sense of the types of functions that they can assist with on the job before diving into specific tasks, which we’ll explore in future postings. This being the case, as payroll keynote speakers, let’s start with some initial explanations.

To begin with, payroll refers to the process by which employers pay employees for services rendered. Major elements might encompass the likes of…

  • Payroll Cycle – The frequency of pay periods, which can be weekly, bi-weekly, semi-monthly or monthly.
  • Pay Types – The components that make up an employee’s pay, including base salary, hourly wages, overtime, bonuses, tips, commissions.
  • Payroll Taxes – Taxes that employers are required to withhold from employee paychecks according to the best payroll keynote speakers, such as federal, state and local income tax, Social Security and Medicare.
  • Tax Reporting – Producing year-end tax statements (W-2 forms) reporting each employee’s annual wages and withheld taxes.
  • Direct Deposit – The electronic transfer of net pay into employees’ bank accounts each pay period. This has become the predominant method of payroll delivery.
  • Payroll Software – Technology platforms that help automate pay calculation, tax withholding, direct deposit distribution, and compliance reporting… a popular subject of discussion for payroll keynote speakers lately.
  • Payroll Provider – Companies like ADP, Paychex and Gusto that provide payroll processing services for businesses.
  • Compliance – Following regulations from governmental agencies like the IRS, and labor laws regarding pay practices, minimum wage, overtime, etc.
  • Payroll Fraud Prevention – Security measures like audit trails, separation of duties, and data access controls to prevent payroll fraud.

 

If you were to ask a payroll keynote speaker and finance futurist, they’d argue that the point of the practice is to accurately and timely compensate employees in accordance with law and company policies. It’s a key function of human resources.