FM0621 : Certified Payroll

This highly-interactive course includes various practical sessions and exercises. Theory learnt will be applied using the “MS Excel” application. 

 

This course is designed to provide participants with a detailed and up-to-date overview of Certified Payroll. It covers the legal and regulatory framework, prevailing wage system fundamentals, employee classification and work types; the payroll standard forms, ethical and professional standards and payroll workflow for public projects; the fringe benefits, overtime, premium pay compliance and payroll deductions rules; the multi-state and multi-project payroll, payroll cost accounting and reporting; the step-by-step form completion, review weekly submission deadlines and  validating totals and signatures; and the supplemental statements of compliance, worker interviews and on-site verification. 

 

During this interactive course, participants will learn the electronic payroll systems, DOL portals, recordkeeping requirements and common compliance pitfalls; the DOL compliance investigations, internal payroll auditing techniques, back wages and restitution calculations; the labor compliance with subcontractors, fraud detection, prevention and advanced wage classification; the project close-out requirements and union and collective bargaining impacts; and the emerging trends in payroll compliance covering e-payroll automation, AI accuracy controls, automated compliance alerts, future regulations, government shifts and data security in payroll management.