Effective Payroll Management

Course details

Accuracy and fairness are important in salary administration. Whether it is handled by finance or human resource, compliance to the Employment Act and relevant legislations is critical.

This practical workshop aims to provide participants with up-to-date knowledge of the law and guard against any infringement. Valuable insights to best practices relating to salary and payroll administration will be shared as well.

How Will You Benefit?

After the workshop, you will be able to:

• handle salary payments & deductions
• comply with regulatory requirements such as the Employment Act, Central Provident Fund Act and Income Tax
• process payroll with or without a payroll software system
• understand challenges in day-to-day payroll management

What Will You Learn?

Salary Payments

• Basic salary
• Overtime
• Allowances
• AWS / Variable Bonus
• Increment / promotion
• Calculation of incomplete month and no-pay leave
• Payment for rest day, off day and public holiday
• Public holidays for PMEs (flexibility for employers)

Salary Deductions

• CPF Deduction
• National service pay, reservist and make-up pay
• Self-help group funds: CDAC/SINDA/MBMF
• Foreign Worker Levy
• Other deduction - damages to company property, loss through negligence, loan, etc.
• Unauthorised deductions

The Employment Act

• Part III – Payment of Salary
• Computation of salary
• Time of payment
• Payment on dismissal/termination
• Authorised deductions
• Unauthorised deductions
• Part IV – payment of salary for working on public holiday & rest days

Central Provident Fund Act & Income Tax

• Allowances and payments which attract CPF contributions & taxable
• Common allowances – transport, handphone, attendance
• Common payments – long service awards, referral incentive
• Ordinary wages vs Additional Wages
• Tax clearance
• Making online CPF submission

Payroll Software or Excel Worksheet

• Using a payroll software
• Using an Excel worksheet

Maternity Leave / Paternity Leave / Childcare Leave / Shared-parental Leave Claims

• Process of claiming from the government