Salary slips received every month is one of the rights of employees given by the company. Employees can use this proof of payment as one of the complementary documents for applying for credit to the bank.
However, this document is not only useful for employees as recipients of salaries. The document also has functions and uses for the management of the company itself. Check out the functions and uses of salary slips for the following company managers.
Evidence of Company Credibility and Transparency
Companies that are well-established and able to meet income targets certainly need not hesitate to issue salary slips for their employees. Proof of payment of this kind shows the credibility of the company, especially in relation to the management of financial administration.
Especially at this time where the disclosure of information is increasingly upheld. In other words, the issuance of salary slips can be seen as a form of company financial transparency to employees.
Maintaining Employee Loyalty
The salary slip contains details of income and various deductions charged to company employees. Details in the form of basic salary, benefits, bonuses, and tax deductions are important components that employees need to know. Employees can also really understand why the income received each month can be different. Especially if the company also provides bonuses or allowances at certain times.
Giving bonuses and allowances is certainly an exciting thing for an employee. If employees really understand about the existence of income outside of the basic salary, of course employees will be more enthusiastic to work. This kind of information can always maintain the loyalty of the employees themselves.
Employee Competency Assessment Material
Some companies provide additional budgets for employees who are willing to work overtime or overtime. Information about how often employees are willing to work overtime can also be found in the payslips issued by the company.
In addition, there is also information in the form of bonuses received by employees if the company's targets can be achieved according to the plan.
Information regarding the frequency of overtime and the amount of bonuses received by employees for their performance can be used as material for evaluating the competence of the employees themselves.
This means that salary slips can actually be useful if the company wants to assess the competence of each employee. Logically, the better the performance of an employee, of course, the income outside the basic salary will be more and more.
Employee Salary Budget Allocation Guidelines
Every company always has a budget allocation for employee salaries. This allocation is constantly changing, especially if the company recruits employees or terminates employment. Even when accepting interns, some companies also allocate additional funds.
These additional funds are in the form of transportation allowances and lunch allowances, the amount of which may differ from that of permanent employees.
The existence of a salary slip archive can be used as one of the guidelines used to make budget allocations related to employee salaries. Especially if the company promises an increase in basic salary for employees who have worked for a certain period of time.
Materials for Consideration of Company Policies in the Financial Sector
Indirectly, salary slips can also be used as one of the company's policy considerations. In particular, policies that lead to the amount of basic salary and allowances that should be given to employees. Ideally, as the company's income increases, of course the allocation for salaries and employee facilities can also be increased.
The benefits and usefulness of salary slips for company management can be maximized by the existence of online salary slips. The service is certainly much more efficient because employee information can be integrated with the salary for each period. In other words, companies no longer need to bother issuing proof of salary payments manually.
