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
Course fees:
- CIPP Non-members price: £1,485.00 + VAT
- CIPP Members price*: £1,185.00 + VAT
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
Recognition
Study method
- Online
- Blended
- In-class
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Duration study load
- Six half-day sessions online
- Note: Training course starts at 1:00 pm
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.
Pathways
- Payroll Update
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.
Subjects
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
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
- Master File Components
- Data Beyond the Master File
- Other Organisational and External Data
- Tables
- Line Graphs
- Bar Graphs
- Pie Charts
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
- 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
- Performance Metrics
- Benchmarking
- APA/GPMI Deloitte Global Payroll Benchmarking Survey
- 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
- Organisational Readiness
- Available Tools
- Payroll/HR Dashboards
- Payroll Manager’s Dashboard
- Presenting the Results
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.
The education portfolio, developed, delivered, assessed, and awarded by IPP Education (a wholly owned subsidiary of the CIPP), has been developed based on business and individual’s needs, to ensure we are providing the most relevant training in the market.
Our policy and research team represent our members at government consultation forums, ensuring members are up to date and have a voice; and the Consult service offers compliance health checks in payroll processes and procedures to ensure businesses are complying with legislation to avoid large penalties.
In 2021 the CIPP was recognised as the best overall UK association at The Association Excellence Awards, and in 2022 achieved 39th place in the ‘Best Small Companies to Work For’ list and 5th within the ‘Best Not-For-Profit Organisations to Work For’. These prestigious accolades showcase the CIPP's commitment to quality and professionalism and acknowledges excellence in our workplace engagement.
