The dollars and sense of severance

Payroll plays essential role in compliance
By Sheila Brawn
|Canadian HR Reporter|Last Updated: 12/01/2014

Terminating an individual’s employment can be a potential minefield — there is the human element involved and then there are the legal requirements.

Payroll departments play an important role in compliance. Since payroll processes severance pay, it is important they understand the rules for calculating, paying and reporting it.