Question

Payroll. Canada. Ontario

You are the Payroll Manager for a medium sized organization in the aluminum industry. To remain competitive and retain employees, your organization is considering offering a pension plan. The Chief Financial Officer (CFO) is concerned that this will increase work at year end when the payroll staff are already extremely busy. Write a memo to the CFO outlining the different types of plans and the year-end requirements for each.

Answer 1

To: Chief Financial Officer

From: Payroll Manager

Date: September 02 2018

Subject: Plan of requirement more employees due to increases work at the year end.

Dear Sir,

For your information and review, the following is a summary of the progress of employees in addressing the various initiatives provided. In addition to the summary, a glossary of terms is provided to employees’ benefit as well as control situation of more employees required for which work will increase at the year end.

Our current employees already busy in their work. To remain and competitive and retain employees, we already considering pension plan for our current employees. But we require more employees when work load will be increase at the year end. The time line for implementing those items to control such situation:-

Payroll control activities:

• Segregation of duties
• Recruitment of new employees
• Intercompany transfer
• Extra more reward for extra work

Over the past several months a considerable amount of work related to the Town’s payroll process has been implemented. Specifically this includes transferring staff members to other departments in the organization and redefining employee responsibilities to ensure proper segregation of duties. It will be beneficial and cost effective.

We also analysis cost of those activities which is enclosed with this memo for your reference.

Best Regards,

Payroll Manager

Canada. Ontario