MOM, NTUC and SNEF develop guidelines on how employers can issue itemised payslips
Published on Jan 13, 2014 11:29 AM
Employers can now refer to a set of guidelines on how to issue itemised payslips to employees and what information to include in them.
The tripartite guidelines - developed by the Ministry of Manpower (MOM), the National Trades Union Congress and the Singapore National Employers Federation - provide templates of payslips that companies may use and customise based on their own needs. According to the guidelines, the payslip should include items such as basic salary, total allowances and total deductions for each salary period.
In a press release on Monday, MOM said that the tripartite partners "agree that the provision of itemised payslips to employees is a good employment practice" as it raises employee's awareness of their salary components and helps in resolving salary disputes.
MOM intends to mandate the issuance of itemised payslips within the next two year. The guidelines were developed after consultation with various stakeholders, the ministry added.
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