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Foundations of Payroll Analytics

Study Method Online
Provider CIPP
Recognition CPD
Start Date Enrol anytime
CIPP

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Course overview

Data drives everything, including payroll. The data that payroll is responsible for drives business results across the entire organisation. Today, every payroll staff member is accountable for understanding and interpreting that data. Through payroll analytics, you can strategically provide valuable insights that contribute positively to the organisation’s bottom line. Our payroll analytics training course will help you demonstrate dynamic leadership, leverage the value of data, identify trends for process improvements, and measure real success in your payroll operations.

  • Course delivered in partnership with PayrollOrg

  • 15 CPD points

  • Part of the Advanced payroll group

Who's It For?

Delivered in partnership with PayrollOrg (formerly the American Payroll Association), this payroll analytics training course will prepare you to use data analysis to confidently demonstrate your value as a strategic partner in your organisation. Our payroll analytics training course equips professionals with the skills to effectively analyse and interpret payroll data.

With this course, you’ll learn how to monitor payroll operations, drive actual improvements in your organisation, and make payroll a more productive business partner by using the wealth of data held in your payroll department. This leads to better strategic decisions that align with the organisation’s financial goals and overall business objectives.

Payroll processes involve intricate calculations and data management. Our training course in payroll analytics teaches participants how to streamline these processes using data-driven approaches. This will boost efficiency, and prevent costly mistakes and compliance issues.

Our payroll analytics training course provides professionals with the skills to make informed decisions, optimise processes, and manage risks effectively, ultimately contributing to the overall success and stability of an organisation’s payroll operations.

Job outcomes

  • Various Finance Roles

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What you'll learn

Come away from this online programme with an understanding of both the core fundamentals and the real-life application of payroll analytics. You will learn the common methods used to analyse data, alongside how to ensure that the data that you hold is mature and error-free.

The course will also cover ways of presenting information built from data, how to identify trends and actionable information, and how to incorporate data into your workplace on an ongoing basis.

After completing the course, you will understand:

  • The types of business analytics and methodologies
  • How to overcome barriers to using analytics
  • How to use analytics to detect and prevent payroll fraud
  • How to construct a step-by-step benchmarking plan
  • How to demonstrate the value of payroll analytics to an organisation

Recognitions

CPD

Accredited/ Certified by CPD

Study method

  • Online Online info icon
    Online delivery - online course content with the exception of assessments and work placement
  • Blended Blended info icon
    Blended delivery - both online course content and partial face to face requirements
  • In-class In-class info icon
    In class delivery - predominately face to face course content conducted at a specific location
  • Virtual Virtual info icon
    Virtual Delivery - Live and interactive classroom-style learning conducted completely online
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Duration study load

  • Six half-day sessions online
  • Note: Training course starts at 1:00 pm

Delivery

Online

Entry requirements

While no specific prior learning is mandatory, the payroll analytics training will delve into a broad range of payroll. To make the most out of your learning experience, we suggest that you have a basic familiarity with the programs used to operate your payroll, along with an understanding of any unique business processes and key performance indicators within your organisation.

Additionally, having a working knowledge of Excel or other spreadsheet software would be advantageous for this course.

Find out more about the entry requirements for this course

Pathways

  • Payroll Update

Subjects

Modules
Module 1:What are Analytics?

What are Analytics?

  • Analytics Definition
  • Business Analytics
  • Eight Levels of Analytics
  • Three Types of Business Analytics
  • Types of Analytics

Methodologies

  • Barriers to the Use of Business Analytics
  • Barrier to Effective Analysis
  • Payroll Analytics
  • Framework of Business/Payroll Analytics
  • Potential Analytics Pitfalls
Module 2Data Maturity

Data Maturity

  • Dell Data Maturity Model
  • Four Factors of Data Maturity
  • Ensuring Accurate, Uniform, and Accessible Data Through

Audits

  • Auditing the Data
  • Sources of Data Errors
  • Data Integration Methods and Structures
  • Four Components of Analytics Maturity
Module 3Payroll Data
  • Master File Components
  • Data Beyond the Master File
  • Other Organisational and External Data
Module 4Using Graphics to Communicate Analytics
  • Tables
  • Line Graphs
  • Bar Graphs
  • Pie Charts
Module 5Using Analytics to Detect and Prevent Payroll Fraud

Using Analytics to Detect and Prevent Payroll Fraud

  • What Is Payroll Fraud
  • Detecting and Preventing Payroll Fraud
  • Using Benford’s Law
  • Finding Ghost (Phantom)

Employees

  • Finding Timeclock Abuse
  • Falsification of Wages
  • Commission and Bonus Fraud
  • Expense Reimbursement Fraud
  • Employee Misclassification
  • Payments After Termination
  • Unusual System Entries
  • Identifying Inconsistent
  • Employee Records
Module 6Using Metrics to Monitor Payroll Operation
  • Becoming a Data-Driven Payroll Leader
  • What and How Payroll Metrics Are Used to Monitor the Operation
  • How Payroll Analytics Are Used to Measure Performance
Module 7Using Analytics to Improve Payroll Analytics
  • Performance Metrics
  • Benchmarking
  • APA/GPMI Deloitte Global Payroll Benchmarking Survey
Module 8Using Payroll Analytics to Improve the Organisation
  • How Payroll Analytics Benefit the Business
  • Payroll’s Contribution to the Business
  • Taking the Initiative to Determine Solutions/Efficiencies
  • Wage and Hour Compliance
  • Comparing Budget to Actual Expenses
  • Identifying Increases in Overtime
  • Identifying Trends in Total Payroll
  • Identifying Possible Employee Turnover
  • Projecting Possible Retirements
  • Using Substantive Analytical Procedures
  • Presenting to the Business Counterparts/Stakeholders
Module 9Incorporating Payroll Analytics
  • Organisational Readiness
  • Available Tools
  • Payroll/HR Dashboards
  • Payroll Manager’s Dashboard
  • Presenting the Results

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Payment options

Price on request

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About CIPP

The Chartered Institute of Payroll Professionals (CIPP) is the Chartered Institute for payroll, pensions and reward professionals in the UK. With more than 9,500 individuals benefitting from the CIPP's membership benefits and CIPP-approved qualifications and training, the Institute is dedicated to raising the profile of payroll in businesses across the UK. IPP Education Ltd (IPPE) is a wholly owned subsidiary of the CIPP. IPPE is an education and training provider specialising in payroll, pensions and reward, that develops, delivers, assesses, and awards its products to the relevant industry standard. Why choose IPPE? All content is developed in liaison with employers and industry leads within payroll, pensions and reward. All of IPPE’s products are CIPP-approved for quality and legislative compliance. Our training courses are delivered by professionals active within the payroll, pensions or reward industries. Our end-point assessments are conducted by qualified assessors active within the payroll industry. Our qualifications are delivered and assessed by qualified tutors active within the payroll, pensions or reward industries.

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