Survey Report: Itemised Payslip Compliance 2017
One of the biggest change in Singapore’s HR regulations in 2016 was the introduction of the itemised payslip requirement. Last year, before itemised payslips were an official requirement, Justlogin found that 74% of surveyed businesses were already issuing itemised payslips. However, a third of them were issuing payslips manually, either handwritten, or through spreadsheets.
On 1st April 2017, the one-year grace period for compliance with the itemised payslip requirement will end, and the penalty will start to be strictly enforced. How prepared are Singapore companies in meeting this requirement? In this report, we’ll share statistics regarding itemised payslip compliance and insights on how SMEs in Singapore run their payroll processes based on a survey of over 300 businesses.