This program gives participants a better understanding of laws that affect how we handle overpayments, deceased employee pay, termination pay, and other "special" pay situations.
The session covers timing, methods, and taxation, as well as best practices for recouping funds from both active and terminated employees who were overpaid or paid incorrectly.
Learning Objectives:
- How to manage executive pay
- Various types of pay associated with the executive compensation package
- The components associated with piece rate pay
- Federal and state law requirements for a deceased employee
- Identify various types of indirect and direct pay
- How to calculate golden parachute payments
- How to create and design a blended rate compensation system
Why Should You Attend:
As payroll professionals, we find certain types of pay situations to be quite challenging. Because these pay situations do not occur often, processing them can become overwhelming.
As human resources, compensation and payroll professionals it is our responsibility to ensure that all types of pay situations meet the federal and state law requirements. This material will provide a better perspective on how to implement process and disburse those unusual pay situations.
Areas Covered
- Review of common special pay situations, including payroll overpayments, deceased employee pay, termination pay
- How to handle employee loans and advances
- The tax implications of overpayments, deceased employee pay, and terminations
- Final pay issues for terminated employees - from severance to legal settlements
- For deceased employees, how to determine to whom final payments should be made
- What are the best methods for recouping overpaid dollars and non-cash items
- What special state and federal laws should be considered
- Special year-end reporting concerns
Instructor
Clarissia L. Harris, CPP, MBA is a payroll professional with 25 years of experience in both teaching and managing payroll. She has taught several Certified Payroll Professional (CPP) training courses throughout the United States. Her extensive work experience includes Georgia State University, Science Application International Corporation, KPMG and IBM Internet Security Company.
Currently, she is a Payroll Manager for a large Financial Company in Atlanta Georgia. Also presently, she is a payroll instructor at a local university in Atlanta. Clarissa has also received several Merit of Citation awards from the American Payroll Association.