How many of us open the paycheck each month?
few.
And out of them after they have already opened - how many are looking at the coupon items for their types and not just the net amount to be credited to the bank account?
Few more.
Giving a pay slip to an employee is a legal obligation of the employer.
There is great importance in reviewing the slip every month, this is a task that on the one hand does not take much time and on the other hand is very important.
Items that are important to focus on: Payments Division - here should be a breakdown of wages, of payment for overtime if any, of vacation pay, convalescence pay, sick days and more, all depending on the month of the year and the agreements between the employee and the employer.
There may be additional clauses in the categories, such as bonuses, one-time incentives and more, and it is suggested to check whether all the agreements with the employer have indeed been reflected in this aspect.
It should also be remembered that some of the receipts from the employer are subject to tax consideration, and they will also be reflected in this part - such as the use of a company car, and more.
Another important category is the deductions.
Here it is important to focus on two groups: mandatory deductions and authority deductions.
Among the items of compulsory deductions we can find the income tax, social security and provident funds.
Among the deductions of the authority can be found deductions such as repayment of loans on preferential terms taken under the terms of employment, deductions for the employer's participation in the employee's lunches, and more.
Additional sections in the pay slip that are proposed to examine and verify their essence and correctness.
A new month begins - so let's also start checking and understanding what's going on in our slip.
Were we wrong?
Fixed!
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