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Singapore - Mandatory to issue payslip in 2 years time
Singapore - Mandatory to issue payslip in 2 years time
Is monthly payslip important to you ? Some of you may answer NO, because monthly salary is fixed figure every month. This is what happen in Singapore workforce where there is not necessary to issue payslip by the end of the month.
singapore,
Singapore,
Singapore
(sardnews.org)
09/07/2014
Let the employee aware of what is their salary breakdown ? This is major reason why Ministry of Manpower (MOM ) propose to legislate mandatory issue of payslip in parliament discussion engine since March 2013 .
However the journey to mandating this requirement facing stiff challenge and caused defer in implementation. The strong against voice come from employers because new rulling may increase in operation cost.
WHAT should stated on payslip ?
A set of Tripartite Guideline have been developed by Ministry of Manpower (MOM), National Trades Union Congress (NTUC) and Singapore National Employer Federation (SNEF) .
The detail information on payslip should include the following :
•Name of employer
•Name of employee
•Date of payment
•Mode of payment
•The salary period payable for
•Basic salary
•Allowance
•Overtime hours worked
•Deduction amount
•Employer CPF contribution
Please click here for Tripartite Guideline on issuance of itemised payslip.
WHEN will be effected ?
According to MOM , this new ruling will be mandatory within 2 years time , the reason behind is to let SME owner have more time to react and do all necessary adjustment .
If assistance needed please click on Ministry if Manpower website.
Overall the major challenge for employer if they hire ad-hoc or part time employees whose salary not standardise every month.
Other software assistance ?
Apart from MOM payroll software, you may click the following link for other option :
MecWise Payroll application by Singtel