Managing termination pay: Beware trouble ahead — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
  • LinkedIn
  • YouTube
  • Twitter
  • Facebook
  • Google+

Managing termination pay: Beware trouble ahead

Get PDF file

by on
in Centerpiece,Office Management,Payroll Management

employee terminationWhat goes into a final paycheck, and when that check must be given to a terminating employee, is strictly a state issue, said Hope Williams, CPP, the American Payroll Association’s director of training, and James Paille, CPP, director of operations at Thomson Reuters.

Williams and Paille helped attendees at the APA’s annual Congress understand termination pay.

I quit! Voluntary terminations

Companies usually handle final pay for involuntary terminations just fine. They’re not so good with voluntary terminations, said Paille.

One way to make things easier, Williams said, is to ensure that the company has a standard policy. She suggested implementing a workflow by gathering documentation and knowing your final pay time line. First-level managers don’t want to complete employees’ termination paperwork, she pointed out. Make them do it anyway.

You can usually take all the regular deductions from a final check, but there’s more t...(register to read more)

To read the rest of this article you must first register with your email address.

Email Address:

Leave a Comment

Previous post:

Next post: