Tabled in Parliament on 13 July 2015, the proposed adjustments to the Employment Act will make it compulsory for employers to issue itemised payslips to their employees. The proposed changes will be made effective in the first half of 2016.
Find out more about about itemised payslips for business owners.
According to the proposed changes, employers who fail to issue itemised payslips, electronic or otherwise, will be fined between $1000 to $2000 by the Ministry of Manpower (MOM). This includes the issuance of Inaccurate or incomplete itemised payslips. To all employers out there, we urge you to start issuing itemised payslips today.
You may start by downloading a free sample itemised payslip we’ve created. You may edit, print, and email this payslip for your business use. Click here to download a sample payslip (PDF).
Talenox is an integrated, one-stop cloud HR solution for small and medium businesses. Our 5 apps (Payroll, Leave, Profiles, Scheduler, and Time Tracker) are designed to be so intuitive – you do not have to be a HR professional to master them.
In just one click, Talenox automatically generates itemised payslips for both employers and employees. You may email or print these payslips out. Go on, give us a try and let us help you save hours of your time. Explore all our apps for 30 days, free.