Payroll Requirements For Terminated Employees

Duration 60 Mins
Level Basic & Intermediate
Webinar ID IQW21C0332

  • Termination Pay-When you have to pay
  • Types of Term Pay
  • Employment Tax Concerns
  • Year-End Considerations
  • Terminations due to death
  • Legal Settlements
  • State UI Funds
  • WARN Act
  • Severance Payments   
  • SUB Plans

Overview of the webinar

This webinar with industry expert Dayna J. Reum will go into detail that employers face when paying terminated associates. Dayna will review everything to final pay to stock options and payments to employees that may occur years after they terminate, along with reviewing the difficult situation when you have to pay terminated employee’s legal settlements. Dayna will also cover the tax implications and how to handle taxes are several different types of termination pay. Due to the complexity of payments and laws in several states protesting terminated employees, It is important for the payroll department to understand these laws to ensure compliance.

Who should attend?

  • Payroll
  • HR
  • Hiring Managers

Why should you attend?

  • Review of different types of term pay from vacation pays to golden parachute payments.
  • Discussion around stock options and deferred compensation after termination
  • Taxation concerns regarding payments made to terminated employees
  • Timing of final pay for terminated employees including state law requirements
  • Year-end concerns
  • Discussion around deceased employee payments 
  • How to handle legal settlements
  • Record Retention Concerns
  • Best Practices to protect employers

Faculty - Ms.Dayna J. Reum

Dayna is currently the Director of Payroll Operations at Ann & Robert Lurie Children’s Hospital of Chicago.Dayna has been heavily involved in the payroll field over 17 years.Starting as a payroll clerk at a small Tucson company, Dayna moved on to be a Payroll Team Leader at Honeywell Inc.During Dayna’s time at Honeywell she obtained her FPC (Fundamental Payroll Certification) through the American Payroll Association.She also received several merit awards for Customer Service and Acquisitions and Divestitures. Dayna is no stranger to teaching she has taught at the Metro Phoenix American Payroll Association meetings and at the Arizona State Payroll Conference.Topics including Payroll Basics, Global/Cultural Awareness, Immigration Basics for the Payroll Professional, Multi-State and Local Taxation and Quality Control for Payroll, International and Canadian payroll.Dayna has her CPP (Certified Payroll Professional) through the APA.She also serves on the National American Payroll Association on the National Strategic Leadership Task Force, Government Affairs Task Force (PA Local tax subcommittee).Dayna has received a Citation of Merit for her service along with being a Gold Pin member of the APA.Besides her payroll accomplishments Dayna is certified in HR hiring and firing practices and is a Six-Sigma Greenbelt.

Credits

ComplianceIQ is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for [1] PDCs for the SHRM-CPSM or SHRM-SCPSM. For more information about certification or recertification, please visit www.shrmcertification.org.

HR (General) recertification credit hours toward aPHR™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification through HR Certification Institute® (HRCI®). Please make note of the activity ID number on your recertification application form. For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org

03-05-2021- Payroll Requirements For Terminated Employees.pdf
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