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About Payroll
Payroll is the payment which a business must pay to its employee on a given date. It is generally managed by the accounting or human resource department of a business. In small businesses, payroll may be handled directly by the owner. In an increasing way, Payroll is outsourced to specialized firms that handle financial transactions as paycheck processing, employees benefits, and insurance and accounting task. It can refer to the list of employees of a company and the amount of payment due to them. Payroll can be different from one pay period to another because of factors as overtime, sick pay, and other parameters
HR Payroll Courses
In HR Payroll course training is given to the students to calculate salary, provident fund, income tax, and salary structuring, etc. HR Payroll courses mainly aim at the practical detail of the subject. The payroll system indicates the amount to be paid to an employee of the company for their monthly salary. HR Payroll course training help managers to calculate the exact amount. It helps candidates to get a good job in the HR division of the organization. Some of the companies provide payroll training. While others prefer to hire experienced staff. The course will teach the student to communicate with management, accounting, and human resource departments and also make one familiar with using different taxation software. If you want to make progress in your career this combined course is an excellent choice as it will give you a strong foundation in both areas.
About Coimbatore
Coimbatore city is in the Indian state of Tamil Nadu. Coimbatore is located on the Noyil river about 25 miles on the road between Chennai and Kozhikode, Kerala state. This is the second-largest city in Tamil Nadu. The city manufacturers include agriculture implements and automotive components and are a major producer of software. Coimbatore has a well-connected communications infrastructure. The headquarters of the Tamil Nadu cellular service provider is located in Coimbatore.
Here is the List of the top 10 HR Payroll courses in Coimbatore:
1. Henry Harvin Institute
About Henry Harvin
Henry Harvin is a leading career and skill development organization with a focus on value creation. It is a renowned educational institution. It was established 400 years ago with the vision of Mr. Henry Dunster which has now taken the form of a reputed educational establishment known worldwide. Henry Harvin institute offers numerous high-quality courses in a different domain that focuses on value creation. Henry Harvin is a popular name in the business of training and higher education.
About the Course
- The institute offers the HR Payroll courses in Coimbatore which is ranked among the top 3 courses in the industry by Trainings360. Once registered for this HR Payroll course in the institute you can have unlimited repetitions of the Certified HR Payroll Specialist Course during your membership period without paying anything extra.
- This HR Payroll Course in Coimbatore will give you knowledge about the job and responsibility of the HR department of any company.
- It will sharpen your HR skill. You will gain sound knowledge and skill in Payroll accountancy, Payroll auditing, Salary marking, Provident fund, ESI schemes, Income tax deduction, and Saving Schemes, Direct and Indirect Taxation, IT, and other related modules.
- The course will teach you about several Indian Provision Acts and laws of business while performing your job. You will gain immense information about the industry salary structure. Training in theoretical & practical training and computer training is provided.
- There is a Brush-up concept with regular Bootcamp sessions held every month with the experts in the field. You will be provided experience of hands-on training with industry projects during the HR Payroll Course. E-learning Access is given to recorded videos, games, projects, case studies, etc.
Benefit to The Students
- After completion of the course, participants get 100% placement assistance and internship opportunities with Henry Harvin or partner firms. Support in facing and clearing the interview.
- Exclusive access to the complimentary module is also given.
- Trainers of the Institute are industry experts with 10+ years of experience working in MNC’s. have delivered 500+ lectures and are currently working as domain expert with Henry Harvin HR Academy.
- Trainers are continuously upgrading themselves with new tools to impart the best training. They are associated with the placement cells of multiple organizations.
- This HR payroll course in Coimbatore is of 32-hours instructor-led training and certification program.
- After that 24 hours of Bootcamps spread over the next 12 months. There are two modes of course:- Self-Paced Course which is of fees Rs.8550 and then Live Online Classroom is there, which is preferred fees for this is Rs.9500.
- There are other HR academy courses provided by the Henry Harvin institute. Check the link given below and as Henry Harvin offers a wide variety of courses, you have various options to choose from.
Henry Harvin HR Payroll course fee
https://www.henryharvin.com/schedule/hr-payroll-training
Cities in India where Henry Harvin HR Payroll Course is provided:
Faridabad, Kanpur, Delhi, Jaipur, Vishakhapatnam, Bhopal, Ahmedabad, Gurgaon, Indore, Pune, Cochin, Mumbai, Online, Chennai, Hyderabad, Bangalore,
Henry Harvin also provides these courses
- Design Thinking Course
- Product Management Course
- HR US Payroll Course Training
- HR UK Payroll Course Training
Also check this video
2. Craskills
- This HR Payroll course in Coimbatore aims to enhance your skill and employability. The course is suitable for learning and upgrading your HR skill. The Institute is offering hands-on training courses in the human resource domain. There are over 40,000 learners around the world in the institute.
- The institute has experience of 10+ years in this field.
- This program covers all payroll and legal compliance areas. This HR Payroll course covers the job-based and industry-oriented curriculum. The course curriculum is divided into two parts. In part I there are modules of Salary components, HRA & Rules, EPF Schemes benefits & Calculations, EPF Forms, Checklists & Due dates, Standard Allowance, etc. In part II there is Gratuity form & taxation, Professional tax, Leave Travel Allowance, Tax Saving Investments, TDS Calculation, etc.
- In the institute, 100% hands-on training methodology is adopted. Placement assistance is provided to the students. Trainers are industry experts who are working as HR professionals.
- The course duration is 20 hours maximum. The fee structure of the course is 12,500/- inclusive of handouts, certificates, etc. The program is available in the classroom, online, and blended mode of learning.
Check- HR Payroll course in Delhi
3. LEAP (Abilities and Potential)
- The Leap HR Training program have been designed by corporate HR professionals. This training program in HR payroll courses in Coimbatore is designed to meet the immediate and future job requirements in HR. Their training program includes a certificate in Payroll, Legal compliance, and HR operations. They also provide a Master’s certificate in HR Generalist.
- The training will help students in following the career path of HR Associate, HR Recruiter, HR Administrator, HR Generalist, HR Executive, Payroll Executive. This HR payroll course will give you training about modules as Payroll processing, Tax planning for staff, Computing tax for different salaries, Other statutory deductions, Documentation and forms, professional tax calculation, etc. T
- he course will provide placement assistance, Real-time work experience is given to the participants. Training is provided by the highly experienced faculty from Industries and corporate. There are also HR training programs and Statutory compliance training programs available by LEAP.
4. MT (MILLENNIALZ TRAINING)
- MillennialZ Training and Consulting Services Pvt Ltd. offers various training programs which incorporate a varied series of skills. These programs cover clear and simple lessons on how to meets corporate expectations.
- The mission of this HR payroll course in Coimbatore is to deliver quality training to make the job seeker and working employees be skilled enough to take up new challenges at the workplace and to update themselves with the skill needed in personal and professional life.
- They offer 25 certification programs. Their HR is an excellent back-end team for payroll, compliance, legal, policies, etc. Except payroll processing, there are also other services offered as HR policy and process design, Organizing CSR activities, Competency mapping, and assessment, KPI/KRA design, and many other services are there. This HR payroll training course is cost-effective.
- The instructors are highly experienced in their domain and form the HR team. The training school offers programs on medical coding and different online courses.
5. IPTM (The Institute Of Payroll Training And Management)
- IPTM was established in Noida in 2007 with an aim to provide professional education, skill development, and training for Payroll Processing in India.
- They intend to provide career-oriented & professional payroll training.
- The institute specializes in developing and updates professional growth and skill development.
- This HR Payroll course is structured into 4 modules.
- In module 1: there will be the Overview about Payroll Management, module2: About Labour Law &Statutory Compliances, module 3: Tax Saving Investment and Exemptions module4: Payroll Processing & Reports. The main object of this course is to complement theoretical education with practical training in the payroll field.
- The course duration is of 50+ hours. 100% placement assistance is provided. Live online training and classroom training both options are both provided. The fee of the course is Rs.6500.
6. KPMG Learnings Academy
- KPMG is one of the foremost providers of financial and business advisory, tax and regulatory service, internal audit, and corporate governance.
- KPMG Institute aims to inspire confidence in their candidate through action and investment.
- This HR Payroll course has two modules that cover several major factors of payroll, payroll accounting, and payroll compliance in a detailed way. T
- here are eight hours of instructor-led sessions, Then the learner will have to complete an assessment that will test them on payroll processing and compliance and all other related payroll topics that have been covered.
- Three quarterly 2-hour webinars will be there. A completion certificate from KPMG will be awarded to the participants on securing minimum passing marks. The certificate will be valid for one year.
- This payroll course is available on the basis of a yearly subscription. The fee for the first year of subscription is INR 16,000 plus taxes.
7. iPA (The Institute of Professional Accountant)
- The institute offers job-oriented professional courses in Accounting, Finance, Taxation, Banking.
- IPA provides business qualification and professional development to its participants with the help of dedicated and industrial experienced faculties.
- This HR payroll course will teach the students how to calculate salary, provident fund, income tax, how to do salary structuring. HR Payroll courses mainly focus on the practical side of the subject.
- IPA offers 60-hour practical training in Payroll. There are life and classroom modes of training are available.
- The course fees are affordable which can be paid in monthly instalments. The practical payroll course offered by IPA encompasses various details of Payroll Accounting, Salary structuring, Income tax planning, TDS Calculation, Provident funds, labour laws, and online return filing.
- This HR Payroll course will teach the student how to communicate with management, accounting, and human resource departments.
8. Chrmp (Certified Human Resource Management Professional)
- This is a globally recognized cost-effective HR certification which ensure its proficiency through its practical and industry-oriented approach.
- CHRMP is available in 190 countries. CHRMP certifications are internationally recognized HR certifications, which offer qualifications in the field of HR Management.
- This is a comprehensive HR certification program with a wide spectrum coverage of core HR concepts and emphasis on their practical applications.
- The CHRMP Foundation HR certification program is suitable for fresh graduates and professionals. CHRMP Foundation is an HR certification that has become the stepping stone into the world of Human Resource Management.
9. Bookmytrainings.com
- This is a Training Discovery Platform. They provide more than 1000 unique training programs, courses, certifications for working professionals.
- Training program as Certified Scrum Master(CSM), PMP, Six Sigma, HR, Finance, ITIL, and more. Programs are conducted in different cities of India.
- More than 200 corporate have benefitted from their training solutions which are unique. The general topics covered by Payroll Tax courses are Payroll Tax fundamentals and terminology, An overall idea about payroll taxes, Hiring the first employee,
- The basic points for paying employee, Maintaining office records for disbursing payroll taxes, setting up the payroll tax system of an organization.
- After completion of payroll course participants beside learning the payroll tax will be able to master skills as Payroll software experience, Good information of the fair work Act, Aptitude to work under tight deadlines, strong calculation skill, problem resolving skills, etc. Bookmytrainings help individuals and corporate in India and all over the world to discover, evaluate and book a training program for their upskilling.
10. Ecorp training
- ECT has a strong aim on the training. ECT has supported companies for better business performance by implementing the industry best practices being which is followed all over the world.
- Live instructor Led online training with 24 *7 support is provided. Training is provided by an expert trainer.
- This HR Payroll course is a 20 days program and extends up to 2hrs each. The course format is 40% theory and 60% Hands-on. This is a 5 days program and extends up to 8hrs each.
Why Payroll is Needed
Payroll plays a huge role in maintaining the morale of the employee to the financial stability of the organization. It is necessary that payroll be paid in a timely manner to keep the high self-esteem of employees. Being able to efficiently meet tax commitments on time as well as maintaining legislative law is a way to establish the reputation of the organization. Every individual total compensation in the business is built into payroll.
Payroll & HR Department
It is important that both the HR and finance team work together to ensure payroll processing runs smoothly and is following legal standards. HR is best in conjunction with payroll processes. And the majority of payroll data originates from HR activities as recruitment, terminations, promotions, unpaid leave, benefit, deduction, etc. As HR department manages the day-to-day attendance and working hours of employees in an organization. With all this data needed payroll can be processed accurately. In case employees have any concern regarding their salary they usually approach the HR department. So, if both teams are not coordinated, the payroll process will become disorganized and full of errors. Thus HR and finance departments have to be on the same page throughout
Stages in Payroll Processing
A company’s payroll cycle consists of three stages: Pre-payroll activities, Actual payroll, and Post payroll activities.
Pre-Payroll
In this system Payroll policy needs to be well-defined and get approved by the management to ensure standard payroll processing. The next step is of gathering input. In smaller organizations, these inputs are received from a strong and reliable source. And in a large organization, the task of collection of data may be enormous. So, if smart payroll software is used a collection of data processes can become simpler. The next step is of validation of data if it is in adherence to company policy, authorization, right formats, etc., and also to make sure that no active employee is missed out and no inactive employee records are included for salary payment.
Actual Payroll
In this stage, the verified input data is fed into the payroll system for the actual processing of payroll. The resultant is total pay after adjusting necessary taxes and other deductions. After completion of the payroll process, it is always suggested to verify the value for accuracy to avoid any error.
Post-Payroll
All statutory deductions e.g TDS, ESI are subtracted at the time of processing the payroll system. The company then forwards the amount to the respective government agencies. Payment of dues is made via challans. Return reports are filed, after all, dues are paid. All businesses keep a record of their financial transactions. As part of payroll management, it is required to check that all salary and reimbursement data is fed accurately into the accounting system. An organization pays salary by cash, cheque, or bank transfer. Generally, all organization provides the employee with salary bank account. If payroll software is available. Then it has an employee’s self-service portal. Employees can log in to their accounts and access the payslips. Once the payroll process is complete for a particular month, there may be demand from the finance and high management team for reports. As it is the duty of the payroll officer to dive into the data and extract information and share reports.
Statutory Compliances in India
Every nation has different sorts of laws or regulations which have to adhere by all businesses. There are several statutory requirements for Indian companies and they have to spend a significant amount of time in their payroll management. If companies fail to adhere to statutory compliance, they may need to pay heavy penalties for that. Thus detailed knowledge of legal compliance and expertise is required to minimize the risk associated with the non-compliance of statutory requirements.
Common statutory compliances that the companies in India have to follow are:
1. ESI Fund and PF(Provident Funds)
2. TDS ( Tax Deduction at Source)
3. Professional Tax
4. Gratuity
Methods Available to do Payroll for Business are:
Excel-based Payroll Management
Business those who are at an initial stage of operations. And have a limited number of employees usually select excel-based payroll management. The mathematical formula is set. It involves doing payroll calculations on excel sheets using a standard payroll calculation template.
Payroll Outsourcing
This means that an external agency is needed to take care of your payroll function. On the basis of the pay cycle of the employee the company provides the details as salary information, and other data as attendance, leaves, reimbursement, etc. to the payroll service provider. The service provider then calculates the payroll and also takes care of statutory compliance.
Using Payroll Software
The main purpose of payroll is to reduce the resistance in getting the input. There is advanced payroll management software available in the market that not only automates payroll computation but also serves as a holistic leave and attendance management, HR management, and employee self-service portal. According to the size of the business, you can opt for appropriate payroll software.
So, these are the institutes and training centers for the top 10 HR payroll courses.
Conclusion
HR payroll course training gives a perceptive of basic Human Resource Management and prepares the candidates for HR professional roles in the global environment.
Recommended Reads:
- Top 9 HR Payroll Courses in Surat
- Top 10 HR Payroll Course in Kanpur
- The Role of HR in an Agile and Automated World
- How to Create a Human Resource Strategy
- Top 50 HR Interview Questions And Answer Techniques
- Emotional Quotient in Human Resource
FAQs
Q.1 What are HR payroll courses?
Ans. HR payroll course is designed by specialists by considering the need of both the job seekers and people already working in established businesses which cover most of the professional factors in the field of HR and Payroll management.
Ans. This is very important for the reason that it will give you an improved perception of how payroll actually works. The connection between HR and payroll is essential due to the close interdependence between the activities undertaken by each department.