Due to a staffing change in the Payroll Department of a leading medical device company, the Relevante Consultant was called in as an interim Payroll Analyst. The scope of work included processing payrolls for over 1,200 employees with different pay frequencies, in eight different subsidiary companies, working in all 50 States within the US and Puerto-Rico. The Relevante consultant set up payroll files for employees of a newly acquired subsidiary; updated 401k and GTL accounts, and handled tax issues relating to all 5O States.
The Relevante consultant assisted the client with organizing the department, providing some structure for work flow, documenting procedures, and improving existing internal controls. Assistance was also provided in training the Payroll personnel and helping to improve the Payroll processing system by working with the client’s Finance and Human Resources departments to validate inaccuracies and make the necessary corrections; outstanding tax accounts were brought up to date. Due to more staff changes during the two weeks after the original assignment ended, the Client requested a Relevante consultant for help in the training of the new staff. The changes implemented by the Relevante consultant in the original assignment helped the client to cut their payroll processing time by 50%. The changes have also improved the efficiency and internal controls within the Payroll Department and were instrumental in the hiring of a new Payroll Manager, who is pleased with the changes made.
Based on the work done in the Payroll department, the client is considering having Relevante consultants work in their Finance department, which is currently going through staff changes.