Managing Human Capital
and Payroll Management

INTRODUCTION

This practical and exciting GLOMACS 10-day Managing Human Capital and Payroll Management training  course covers the areas of the management of human capital and payroll management. This exciting Managing Human Capital and Payroll Management training course will present the latest innovations and best practices in these two important areas. In this professionally rewarding course, you will learn about leveraging skills and potential to drive organizational performance and growth through effective talent acquisition, development, and retention strategies.

You will also learn about how to ensure accurate and timely processing of employee compensation, deductions, and taxes while maintaining compliance with regulations and implementing effective controls for payroll-related processes.

This Managing Human Capital and Payroll Management training course will highlight:

• Best practice in HRM systems, methods, and services
• Training, Learning and Career Development
• Employee Reward and how it influences employee performance
• The importance of two-way resourcing and recruitment
• Understanding the payroll regulatory and compliance environment
• Confidence in managing the payroll department
• Skills to identify risk and implement controls
• Ability to integrate the payroll division with the HR and Finance Department

MODULES

This training course is split into two modules:

MODULE I - Managing Human Capital in the Oil, Gas and Petrochemical Industry

MODULE II - Payroll Management & Effective Payroll Controls

Each module is structured and can be taken as a stand-alone training course; however, delegates will maximise their benefits by taking Module 1 and 2 back-to-back as a 2-week training course.

Objectives

By the end of this Managing Human Capital and Payroll Management training course, participants will learn to:

• Explain the importance of strategic human capital management
• Formulate a plan to transform strategic requirements into HR objectives
• Demonstrate an understanding of employee resourcing, recruitment & reward
• Illustrate examples of best practices in managing people
• Understand the payroll regulatory and compliance environment
• List ways to identify risk and implement controls
• Develop a plan to integrate the payroll division with the HR and Finance Department

Training Methodology

Participants in this training course will receive thorough training on the subjects covered by the training course outline. The Tutor will utilise various proven adult learning teaching and facilitation techniques. Training methodology includes a range of engaging, fun exercises, and activities. There will be practical sessions where participants can participate and experience topics. Case studies, videos, small group work, exercises, and feedback will all be used to facilitate learning.

Organisational Impact

Specific benefits to the organization include:

• Add value to your organization
• A workforce where people are exposed to effective HR Practices
• Enhanced human capital management
• Improved employee engagement
• Increased use of appropriate payroll methods throughout the organization
• Integration of the payroll division with the HR and Finance Department
• Improved efficiency in the payroll function

Personal Impact

Personal benefits include:

• Development of practical and transferable skills
• Improved confidence and self-assurance
• A greater appreciation of best practices in HRM
• Confidence in managing the payroll department
• A greater awareness of human capital
• Understand the principles of payroll management
• Apply what is taught immediately into work practices

WHO SHOULD ATTEND?

This GLOMACS Managing Human Capital and Payroll Management training course is suitable for a wide range of learning professionals but will benefit:

• Anyone concerned with maximizing the investment in Human Capital
• Human Resources (HR) Staff at all levels
• Anyone who needs to understand the workings of the modern HR Department
• Payroll Administrators who wish to enhance their payroll knowledge and application
• Human Resource professionals who wish to gain a better understanding of the payroll system and how it is integrated into the corporate human resource environment
• Accountants who wish to diversify their skillset for career progression
• Staff who need to be competent in Human Resource Management (HRM)
• HR Business Partners
• Learning & Development Staff