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Speaker: Dayna J Reum
Speaker Designation: Director of Payroll Operations at Ann & Robert Lurie Children’s Hospital of Chicago
Parting ways can be a difficult experience, particularly in the case of an employee. Crafting a termination letter for an employee is an even tougher task, especially if the person in question is a valued employee who has chosen to depart voluntarily. Matters become further complicated when it comes to disbursing payments to an employee who has been let go, as different states have different regulations on the matter. To ensure compliance with the relevant laws, payroll teams must be well-versed in the intricacies of employee termination.
Paying an ex-employee involves not just distributing the ex-employees final paycheck, but knowing how to properly handle and tax any severance or other benefits due, then integrating these payments with compliance regulations under COBRA or the Stimulus Act.
In this webinar, speaker “Dayna Reum” will go into detail about what employers face when paying terminated associates. The presentation will thoroughly examine all facets of compensating terminated employees while ensuring that your business remains in compliance throughout and after the termination procedure.
To properly manage termination, and pay, it's essential for HR and Payroll specialists to be familiar with both federal and state regulations. They must be well-versed in the appropriate procedures for disbursing the final payment for both non-exempt and exempt workers. While state laws will dictate the timing and method of final payment, it ultimately falls upon the employer to guarantee prompt and accurate payment of all applicable fees, such as severance pay, termination pay, stock option, and golden parachute payments.
This webinar will review everything from final pay to stock options and payments to employees that may occur years after they terminate. Along with reviewing the difficult situation when you have to pay terminated employees’ legal settlements. It will also cover the tax implications and how to handle taxes are several different types of termination pay.
By attending this webinar, you will learn:
Major topics covered in this Course:
Dayna currently is the director of payroll operations at a major medical center in Chicago and has been heavily involved in the payroll field for more than 20 years. She started as a payroll clerk at a small Tucson company but moved on to be a payroll team leader at Honeywell Inc. During her time at Honeywell Inc., she obtained her FPC (Fundamental Payroll Certification) through the American Payroll Association. Dayna has also received several merit awards for customer service acquisitions, and divestiture.
Dayna is no stranger to teaching; she has taught at the Metro Phoenix American Payroll Association meetings and at the Arizona State Payroll Conference. Topics include Payroll Basics, Global/Cultural Awareness, Immigration Basics for the Payroll Professional, Multi-State and Local Taxation and Quality Control for Payroll, and international and Canadian payroll.
She also serves on the National American Payroll Association the National Strategic Leadership Task Force, Government Affairs Task Force (PA Local tax subcommittee), and received a citation of merit for her service along with being a gold pin member of the APA. Dayna is also a CPP (Certified Payroll Professional) through the APA certified in HR hiring and firing practices and is a Six-Sigma Greenbelt.
