Money, money, money …
The topic for today is ‘’ payroll administration’’.
Task 1
Read the text below to get the general idea:
Payroll administration is all about employees’ and employers’ money
being paid correctly and on time. It encompasses all the tasks involved in paying
salaries, calculating costs, deducting payments, adding benefits and counting
taxes. The range of operations depends both on the size of each company and on
the number of people employed. The scope of company’s activities and its
particular needs also play a vital role, since there might be for instance,
employees who receive commissions along with their regular salaries.
Handling payroll-related issues involves a lot of accuracy and
meticulousness. A payroll administrator needs to be very diligent, wellorganized, careful and detail-oriented in keeping records of hours worked,
calculating overtime, adding bonuses to paychecks, tax filing and assigning
exempt or non-exempt status to workers. It is therefore their full responsibility to
be as precise as possible in terms of numbers and applicable law regulations.
Payroll administration can be either simplified, if it involves only a
handful of employees, or quite complex, if it includes thousands of workers and
contractors/ suppliers. In small companies payroll duties can be handled by the
owner or just one employee, but in bigger organizations an integrated and
efficient system of people and software is required to serve particular purposes
of each individual.
Some businesses choose to handle payroll-related tasks in-house, by
setting up a separate department inside the company, others decide to use
outsourcing as the best possible solution. Then, they rely heavily on external
professionals doing the job for them who my even offer extra on-site help or
additional expert consultations.
Efficient and effective payroll processing is crucial for every single
operating business since it ensures that correct payments are delivered on time
to employees and taxes are paid accordingly.
Task 2.
Study the text carefully and finish the sentences below – chose one option only
(a or b):
1. In short, payroll administration means:
a) paying people the right amount of money for their job in the right
time.
b) managing costs and money transfers correctly.
2. By definition, payroll administration involves:
a) mostly monitoring a lot of personal data .
b) processing a lot of information and numbers on a regular basis.
3. In terms of degree of difficulty , payroll administration can be:
a) either easy or complicated, depending on the company’s size and
profile.
b) very complex both for employers and employees.
4. Workers who receive commissions:
a) might not get their monthly salaries calculated correctly.
b) along with their regular salaries need special attention.
5. Dealing with payroll-related matters:
a) requires a great deal of patience and carelessness.
b) means being responsible, careful and precise with numbers.
6. In payroll administration:
a) both money issues and law regulations are equally important.
b) tax regulations and time issues are most crucial.
7. Small companies tend to:
a) have one employee in charge of payroll administration.
b) have a panel of experts taking care of payroll administration.
8. It is typical of big companies to:
a) make use of in-house experts and professional software to handle
remuneration tasks.
b) employ only external companies to handle remuneration tasks for
them.
9. Additional payroll consultations:
a) are only available free of charge if offered on-site.
b) are also provided by external specialists on-site.
10.Regardless the site (in-house or external), payroll administration should be:
a) effective even with slight errors,
b) timely and precise.
Task 3
Watch the video ‘’ Payroll services … ‘’ and decide whether the statements
below are true (T) or false (F):
https://www.youtube.com/watch?v=wNOIeWaxAqE
1. Bill has got a business of his own.
..T…
2. Bill has always dreamt of being very rich.
..T…
3. Bill has got too much work to do and he tends to works under pressure.
..T…
4. Bill’s employees keep phoning him all day long.
..F…
5. Bill needs a lot of attention from his workers.
…F..
6. Bill has decided to turn to administration resourcing in his company.
..T…
7. Bill hates processing payrolls and administering benefits.
…F..
8. Bill would rather make money than deal with unemployment issues.
…T..
9. Building client relationships is least important for Bill.
…F..
10.Employees have now become the main focus of Bill’s activity at work.
…T..