Compensation and Remuneration Management
Unit code: BHL113
| Credit points | 12.5 Credit Points |
| Duration | One teaching period |
| Contact hours | 36 Hours |
| Campus | Hawthorn |
| Prerequisites | Introduction to Accounting |
| Corequisites | Nil |
Related course(s)
This is a prescribed unit of study in the Bachelor of Business Administration program suite.Aims and objectives
The aim of this unit of study is to provide the skills and knowledge required to establish and manage the payroll functions for a small business enterprise.
After successfully completing this unit, you should be able to:
After successfully completing this unit, you should be able to:
- Understand the function of payroll within an organisation
- Payroll/HR MIS software
- Procedures required for effective payroll management
- Understand and apply the legislative requirements relevant to payroll management
- Understand and interpret industrial awards
- Prepare a variety of payroll data in accordance with industrial awards and statutory and voluntary deductions
- Understand the control procedures required to manage a payroll
- Understand and implement payroll record administration
Teaching methods
This unit will be taught in a variety of modes including face to face, online and blended modes. Delivery of this unit may be through a mixture of tutorials, laboratories and online.Generic skills outcomes
You will be provided with feedback on your progress in attaining the following generic skills:
- technology skills
- analysis skills
- problem solving
- communication skills
- planning and organising
- ability to work independently
Content
- The function of payroll within an organisation (HR function, Accounting function, Administrative function)
- Payroll/HR MIS software including CHRIS 21, SAP, PeopleSoft, MYOB
- Procedures required for effective payroll management (security, control and organisational requirements)
- Legislative requirements (Fair Work Australia, ATO legislation, Superannuation Guarantee Act, WorkCover, EEO, Privacy Laws)
- Understanding and interpreting industrial awards
- Preparing payroll data, calculating pay in accordance with industrial awards, statutory and voluntary deductions whilst adhering to required time lines
- Authorising the payment of wages and salaries (reconciliation of payroll data, dealing with payroll related enquiries in accordance with organisational and legislative requirements)
- Payroll record administration (including the payment of liabilities to government and non- government creditors and calculation of Payment Summaries)
