From 1 April 2016, all employers have to issue itemized payslips and key employment terms (KETs) to employees covered under the Employment Act.
The payslip should be given to employees at least once a month, together or within 3 working days of payment. It can be hard or soft copy. Even handwritten is acceptable. It should include items such as basic salary, overtime hours, overtime pay, bonuses, transport and other allowances, the employee’s and employer’s CPF contributions, as well as deductions for damaged goods.
More details can be found here:
These can all be easily achieved using a payroll software, like MYOB Payroll. By investing in a payroll system, it will not necessarily lead to higher manpower costs as there are also grants that you are able to tap on.
Do feel free to contact us to understand more about MYOB Payroll software as well as the grants available!