When a company loses a member of its workforce it can be a tough time for both the family and the team. And while employers are concerned for the family, they must consider final wages, tax implications, legal documentation, and state laws governing final payments. For instance, what would you do if the wife of a deceased employee requested the final funds be paid to her directly? Under some circumstances doing so might require you to pay them out a second time. Try explaining that to your boss! This audio conference will give you the tools to handle this and other difficult situations when employees are deceased – all while protecting your company at the same time. Learning Objectives: This training session gives you the tools to help you make sure that final payments are made in compliance with state and federal laws. By attending this training session you will learn: - Tax implications, legal documentation, and state laws that needs to be considered when making final payments - and the pitfalls to watch out for
- To whom final payments can be made
- How to handle special payments such as stock and deferred comp
- Tips on how to put a policy in place for deceased employee payments
- Options to avoid having to pay duplicate earnings
- How to avoid penalties
- Tax withholding and reporting requirements
About Your Speaker Dayna Reum, CPP, FPC, is a payroll professional with over 15 years experience in both teaching and handling payroll. Ms. Reum holds both a Certified Payroll Professional and a Fundamental Payroll Certification designation, and is a frequent presenter on various payroll topics. Dayna has worked for companies such as PetSmart, Honeywell, and the American Payroll Association. Dayna also serves on the National American Payroll Association on the national Strategic Leadership Task Force, has received a Citation of Merit and is a Gold Pin member of the APA. She is certified in HR hiring and firing practices, and is a Six-Sigma Greenbelt. HRCI Credits This program has been approved for 1.5 re-certification credit hours for HRCI's PHR and SPHR designations through the HR Certification Institute. For more information about certification or re-certification, please visit the HR Certification Institute website at hrci.org. The use of this seal is not an endorsement by HRCI of the quality of the program. It means that this program has met HRCIs criteria to be pre-approved for re-certification credit. SHRM Professional Development Credits This program is valid for 1.5 Professional Development Credits (PDCs) for the SHRM-CP or SHRM-SCP designations. For more information about certification or re-certification, please visit shrmcertification.org.
Cannot Attend The Live Presentation?
This presentation is also available in a recorded format, in On-Demand version, as shown in the pricing options below. |