Understanding Pay Stubs
Pay stubs is the information that is shown to the employees so that they can know how much they are paid and the deductions they had on their salaries. Nowadays, you do not have to add these pay stubs through hand delivery since you can distribute this information to all the employees online and within a short period. When you are transparent with your employees concerning their pay, they will trust you and they will work with commitment which will lead to the improvement of your business. This article will help you to learn more about the pay stubs.
It is in the pay stub that you will get to know more about the employees pay. A pay stub is a very important document not only to an employee but also to you as an employer. In case you have an issue that needs legal matters, you will be required to present a pay stub to show as evidence of what you are talking about. If as an employer you have a pay stub for your employees, it will help you to give evidence that you have been paying them salaries.
The time worked is one of the information you will get in the pay stub as well as the gross salary. In the pay stub, you will get to know how much you should be earning plus all the deductions. All the hours you have been working throughout the month will also be indicated on the pay stub so in case you have been overworked this will be seen on the pay sub and it will act as evidence.
Deductions are also found in the pay stub. It is important to have the whole information concerning your salary and the good thing is that the pay stub will highlight all these deductions. It is crucial since you will also know whether your employer has paid you the extra time you have been working and since this will also be highlighted you can use this information to claim for your payment in the event that you have not been paid.
In the pay stub, you will get the right information concerning all the taxes that you need to pay and that you have been deducted. It is the duty of every employee to pay certain taxes from him or her salary and so you will get to know whether your employer pays your taxes or not.
When you have this document whether you are an employer or an employee, you will be able to get protection from the law in case you get yourself having been accused wrongfully so as an employer you should ensure that your employees have it.