Payroll Administration Workshop

Event Date: 26 February 2018
Event Time: 9am – 5pm
Location: 2 Bukit Merah Central

By Dayan Menon, Associate Trainer
Fees: S$420.00 (GST will not be applicable) – Skillsfuture Approved

Payroll administration is an important and complex responsibility. Regulations have to be strictly complied with in accordance to the various requirements. Processing payroll isn’t just about mastering the software. Being well versed with the concept of various legislation ensures that monies are correctly paid in accordance to work done. The correct formula applied to the various situations will be covered.

Upon completion of this workshop, you will be able to:

  • Ensure that statutory obligations on payroll matters would be observed
  • Understand – payroll calculation methods and its various formulas
  • Differentiate between statutory requirement and benefits
  • Being aware of the rights of employers vis-a-vis employees

Course Outline

  • Definition of Gross Rate of Pay / Basic Rate of Pay
  • Timing of Salary & Overtime payment
  • Leave encashment formula / No pay leave formula
  • Items to be paid GRP / Basic Pay
  • CPF wage types – the standard definitions
  • CPF treatment of common pay elements
  • The grey area when Ordinary Wages become Additional Wages
  • CPF capping formulae and the pit falls of relying completely on software
  • Impact of changes to employment terms on CPF capping
  • Administering CPF – submission, payments, refund claims
  • Salary pro-ration methods
  • Common errors overlooked when processing payroll
  • Best practices when reviewing payroll
  • Ad-hoc tax clearance matters
  • A brief overview on year-end tax reporting

Workshop Leader

Dayanand’s career in corporate services spans nearly 25 years. His last appointment as Director of Regional Payroll Solutions at Boardroom Limited involved managing payroll solutions, both domestically and regionally. He also has a good number of years of experience in financial accounting. Prior to that Dayanand was with the corporate services arm of Arthur Andersen in Singapore. Over the years, his portfolio of clients has included companies such as Goldman Sachs, Morgan Stanley, JP Morgan Chase, EMC, Yahoo!, Panasonic, SingTel and Courts, just to name a few. Dayanand currently runs his own payroll, HR, tax and accounting practice, focusing on providing value for money solutions to MNCs and SMEs. He is also active with Voluntary Welfare Organizations in Singapore and currently serves as the Audit Committee Chairman for the Lions Home for the Elders. This has allowed Dayanand to pursue his passion of bringing much needed corporate governance expertise to the charity sector. Dayanand holds a BA (Hon) in Business Accounting, and is also a Member of the Association of Accounting Technicians (MAAT).

Click here to register.