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Handling Abandoned (or unclaimed) Wages Correctly (HRM1407)

Presented By : Vicki M. Lambert , CPP
(*) Single User Price. For multiple users please call 1-800-223-8720
Pre Recorded Webinar
90 minutes
  •  Wed, January 8, 2014
Event Description
See the sneak peek before you buy!

Know How To Establish Proper Procedures For Tracking Unclaimed Wages Correspondence To Comply With Due Diligence Requirements

It is every employer’s responsibility to identify which paychecks have remained unclaimed by employees and to turn over these “unclaimed wages” to the appropriate state annually. But most employers are unaware of this requirement and are equally unaware of the penalties, fines and especially interest that can be levied against such employers by the state.

Join Vicki M. Lambert, CPP in this 90 minutes session, where she will explain when wages are considered abandoned, how to track and submit these checks to the appropriate state and how to perform the required due diligence. She will shed light on the laws and regulations covering abandoned wages, and discuss how to set up procedures within the payroll department to ensure compliance with abandoned property laws. Vicki will also share examples of how to perform the required due diligence to avoid penalties and locate employees.

Topics covered in the session

  • When are wages considered abandoned
  • What laws or regulations cover unclaimed wages
  • What is payroll’s responsibility relating to abandoned wages
  • What processes to take to correctly report and remit unclaimed wages
  • Liability issues—what do you do if you have an outside payroll service
  • How to establish proper procedures for tracking unclaimed wages correspondence to comply with due diligence requirements
  • How to safeguard unclaimed wages from unauthorized and improper release
  • The importance of written procedures
  • Steps to surviving an audit

Who should attend?

  • Payroll managers and analysts
  • Accounting staff
  • CFOs and financial executive management
  • Human resources professionals
About Our Speaker(s)

Vicki M. Lambert, Hr Training Programs ExpertVicki M. Lambert CPP
Vicki M. Lambert, CPP is President and Academic Director of The Payroll Advisor™ a firm specializing in the training of payroll professionals.  With over three decades of hands-on experience in all facets of payroll functions as well as over 20 years as a trainer and author, Ms. Lambert is a sought-after ... More info

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    Event Title: Handling Abandoned (or unclaimed) Wages Correctly
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