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Changing your payroll schedule – Strategies for success

Topic:
Changing your payroll schedule – Strategies for success
Date:
April 4, 2012 at 2:00 - 3:00 PM ET
Presenters:
Jennifer Popolizio, Head of Payroll Operations - HR Shared Services(Aetna)
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Description
Changing a payroll schedule can cause significant disruption and financial strain to your workforce. It may be difficult to demonstrate the efficiencies that can be gained by changing your payroll practices. These factors often prevent an organization from making a strategic change in the way they pay their employees. This webcast will explore the strategy and steps of changing your payroll schedule in a way that will minimize this disruption and help your workforce plan for any financial impact. In addition, we will discuss metrics that may be taken into consideration when determining the success factors of making such a change.

We will explore ways to analyze your current payroll schedule to determine the “best” time to implement a change. Who are the parties that you need to influence to sponsor your change and how do you get them on board with your proposal? What “measures” of success will be important in your organization? We will investigate various ideas to assist your employees through the financial impact. Tips will be shared for testing your current payroll software, preparing your vendors for the change and other earnings and deductions considerations.

It will include a case study of how one of the nation’s leading diversified healthcare benefits companies changed their payroll schedule with minimal disruption to their employee population. It will explore the strategies, timeline, communication plan, and implementation plan. It considers how the enterprise aligned its practices to achieve an optimal payroll schedule along with lessons learned and principles for improvement.
Who Should Participate
HR and Finance professionals who are responsible for payroll within their organizations that want to explore ways to make a change to their payroll schedule.
What You Will Learn
You will gain strategies to engage your enterprise in changing your payroll schedule. You will learn tips to determine the “best” time to implement a change, ways to manage the financial impact, and communication ideas for bringing your employee population through a change. There will also be a case study of how a leading company managed such a change including planning, timelines, and lessons learned.
Recommended Resources
www.americanpayroll.org local state's department of labor website
Communities
Core HR: Payroll for HR and HRIS
Presented by
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Jennifer Popolizio
Aetna

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Event Sponsors
Aetna
Aetna is one of the nation’s leading diversified health care benefits companies, serving members with information and resources to help them make better informed decisions about their health care.
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