Along with mandatory almost instant separation payments, off-cycle payments to employees have been measured as being the single most costly and burdensome transaction that payroll can make. The ripple effect of an off-cycle payment can impact accuracy in reconciling amounts for the pay cycle affected and, most importantly, can expose employers to additional compliance requirements for taxes, deductions, reporting, and other wage payment responsibilities. This webinar will provide metrics that can be used to identify the key areas of costs, practical tips for streamlining workflows, and potential solutions to reduce cost and burden associated with off-cycle payments.
During this webinar you will learn:
- How to identify the additional costs associated with off-cycle payments
- Ways to accurately measure the costs using metrics
- Steps to take to lessen the number of off-cycle payments
- Applications to reduce costs and increase efficiencies when issuing off-cycle payments
Earn 1.0 Recertification Credit Hours (RCHs) or 0.10 Continuing Education Units (CEUs) when attending this webinar.