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Payslip rule weighs heavily on SMEs, many worry it will add to costs

Seven out of 10 firms worry rules would add to costs and manpower

Published on Jul 8, 2013 10:06 AM
 
Office workers at Raffles Place.  THE tiny payslip is creating a storm among the small and medium-sized enterprises (SMEs) here. -- ST FILE PHOTO: CHEW SENG KIM

THE tiny payslip is creating a storm among the small and medium-sized enterprises (SMEs) here.

While the authorities are insisting that firms issue the flimsy salary note to their workers, some employers are not keen.

At a closed-door dialogue last month, the Ministry of Manpower (MOM) told SME bosses that they have to comply with the rule from next year. The requirement was first announced in March without a commencement date.

"The meeting got some (firms) worried because we will not be able to meet MOM's requirement to itemise the payslip," a source told The Straits Times.

 
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