Chapter 1 Payroll Mgmt Flashcards
Describe the legislative compliance role of a payroll professional
The payroll professional must continually monitor changes to federal and provincial legislation. They must be aware of changes to multi-jurisdictional payroll and employment related legislation. Remittances must be paid on time and accurately.
Explain the role of a payroll manager in an organization (13)
(Cram bear misc)
1) continual improvement
2) rapport internal/external
3) acctg for payroll
4) maintain procedures
5) budget prep and monitor
6) evaluate ee’s
7) audit prep
8) represent dept
9) manage system
10) Interpret legislation
11) supervise ee’s
12) contingency plans
What is performance mgmt? (O and G)
Performance management is the ongoing measurement of specific objectives and goals.
How can you manage performance (i s c m)
Identify clear objectives
Set performance standards
Correct when necessary
Measure performance
Causes of Poor performance
Poor recruitment (skills and knowledge) Poor management (training and information) Poor fit (beliefs, attitudes)
Rectifying poor performance
Set standards
Communicate standards
Measure performance accurately and regularly
Training and development
Job redesign
Disciplinary procedures (levels of misconduct - m s g)
Minor(verbal warning)
Serious(written warning)
Gross(dismissal)
Efforts to avoid suspension or dismissal
find out why performance is poor
ensure employee understands expectations
provide training and resources
Negotiated Resignation or Termination
Exercise judgement and review pros and cons
If too severe it can damage morale, too lenient could send a message that standards are too low