Discover why monthly payslips are essential for employees and how they impact business operations. Learn whether you need to issue them regularly.
Turning the Tables: What Would Your Employee Want?
Let's turn the tables. If you were not the employer but your employee, would you like to receive a monthly payslip? We provide clarity and give you an overview of what you need to consider.
The Moment of Salary Payment: Expectations vs. Reality
The salary has finally been credited to my bank account.
I thought the amount should be higher. I agreed a gross amount of 5,000 Swiss francs and now I've only been paid 4,400. I already knew that deductions would be made from my salary, but so much straight away. When I received my payslip, I was able to see the difference. Then I googled the deductions. I didn't quite understand it, but on the whole it made sense. Over the next few months, I always received the 4,300. I received the monthly payslip by post. The envelopes are in the pile between the tax return and the letters from the health insurance company. I only took a closer look at the payslip again when I received a bonus at the end of the year. I had to check whether they hadn't given me an extra thousand. Then in January I no longer had 4,300 in my bank account to plug the hole, but a few crores less. Then I looked at the statement again to explain the difference.
Interest in Payslips: When Does It Matter?
As an employee, I experienced the same or similar situation as described above.
If I am employed, I would certainly like a payslip for my first salary. After that, I'm only interested in the payslip if the net amount is no longer credited to my bank account. You can add up all the payslips to check the payslip. But I didn't.
Starting a Business and the Obligation to Provide Payslips
When I started my own business, I was on my own. "No employees". Just me and myself. Monthly pay slips were not an issue. That changed with the first employees. According to the legal requirements, I was now obliged as an employer to submit a written statement every month.
Practical Rule vs. Monthly Payslips: My Decision
I decided against a possible "practical rule", according to which I only prepare a payslip if there is a change in the calculation of the salary payment. As I prepare at least one payroll at the beginning and end of the year anyway and also pay out expenses that vary depending on the month, it brings more uncertainty than administrative relief.
The fact is, we send our employees a payslip every month. We also recommend this to our customers.
Now be honest. Yes. As an employee, you want a payslip every month. This is the calling card of every company. Nobody likes working for a company where there are uncertainties about wages or where you as an employee feel you have to check the payslip. That's why you create a payslip every month so that it can be properly filed in the pile between the tax return and the letters from the health insurance company.
