Payroll Requirements for Terminated Employees

Duration: 60 Minutes
Managing termination pay requires knowing the federal and state laws. Human Resources and Payroll professionals must know the proper way to handle the final payment for non-exempt and exempt employees. Although the state will mandate how and when employees should receive their final payment, it's the employer's responsibility to ensure all payments such as dismissal pay, severance pay, stock options and golden parachute payments are accurate paid in a timely manner.
Termination Pay
Instructor: Clarissia Harris
Product ID: 505318
Objectives of the Presentation
  • How federal law and state laws affect termination payments
  • Timeline when payment is due to the terminated employee
  • Determine the calculation for an executive golden parachute payment
  • How to minimize risk and exposure for voluntary and involuntary payments
  • Develop an effective termination check list
  • How and when to pay stock options and dividend payments
  • How to handle and tax special payments such as legal settlement and attorney fees
Why Should you Attend
This training session covers the laws and procedures affecting when and how to pay terminated employees.

You will also learn how to handle the more complex issues such recouping overpayments, third party sick pay, death payments, legal settlements and stock options.

Areas Covered
  • The various type of termination payments
  • The difference between voluntary and involuntary termination pay
  • State by state review when and how to pay the final payment
  • Determine and pay executive golden parachute payments, tax consequences and reporting requirements
  • Difference between salary continuation and lump sum severance payments and the tax consequences
  • The importance and requirements of providing a state labor separation notice
  • Difference between deceased, death payments and reporting requirements
  • State by state review for recouping negative vacation balance and overpayments from a terminated final payment
  • Correct way to pay stock options and dividend payments for an US and cross border employees
  • Termination checklist
Who will Benefit
  • Human Resource Professionals
  • Payroll Professionals
  • Supervisors and Managers
  • Business Owners
  • VP's and Attorneys
$249
Recorded Session for one participant
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  $329.00 Training CD
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How it works
Live Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • The webinar joining link, username and password for joining the webinar will be updated on your OCP Account 24 hours prior to the webinar
  • Presentation handouts in Downloadable PDF format will be updated on your OCP Account 24 hours prior to the live session
  • Login to the audio conference on the scheduled date and time
  • Get answers to your queries through interactive Q&A sessions via chat at the end of the session
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account 24 hours after the completion of the session
  • Please let us know your thoughts and views at the end of the webinar, your valuable feedback will help us improve
Recorded Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • Upon purchase of the recorded session a link will be updated on your OCP Account within 24 hours
  • Please click on the link to access the Recorded Session
  • Presentation handouts in downloadable PDF format will be updated on your OCP Account within 24 hours of the purchase of the product
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account after 48 hours of the product Purchase
  • Please share your valuable Feedback at the end of the session
Instructor Profile:
Clarissia L. Harris, CPP, MBA is a payroll professional with 25 years of experience in both teaching and managing payroll. She has taught several Certified Payroll Professional (CPP) training courses throughout the United States. Her extensive work experience includes Georgia State University, Science Application International Corporation, KPMG and IBM Internet Security Company.

Currently, she is a Payroll Manager for a large Financial Company in Atlanta Georgia. Also presently, she is a payroll instructor at a local university in Atlanta. Clarissa has also received several Merit of Citation awards from the American Payroll Association.
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